Engagement — Platform Due Diligence
Code & Co. advises Bregal Unternehmerkapital on the acquisition of STP, a leading Legal Tech software provider, from Hg Capital
Code & Co. provides Technical & Product Due Diligence to Bregal Unternehmerkapital on the acquisition from Hg Capital.
- Bregal Unternehmerkapital acquires STP, a leading DACH-based provider of legal tech solutions, from Hg Capital.
- STP is a one-stop shop solution provider, empowering the digitization of insolvency and legal practitioners.
- Code & Co. advises Bregal Unternehmerkapital on Tech & Product Due Diligence.
Bregal Unternehmerkapital, part of a multi-generational family-owned business that specializes in majority and minority holdings, especially in mid-sized companies – the "Mittelstand" – in the DACH region, acquires Legal Tech software provider STP.
Founded in 1993 and headquartered in Karlsruhe, Germany, STP empowers the digitization of insolvency and legal practitioners by providing a fully integrated platform comprising workflow automation, ERP software, data management software, specialist technical outsourcing, and legal data. Its dedicated full-suite offering is deeply embedded in the German insolvency ecosystem and commercial law segment. The business employs approximately 200 people, serving over 1,800 customers with mission-critical software and services for their daily workflows.
Code & Co. advised Bregal Unternehmerkapital on the Tech & Product Due Diligence of its acquisition. Code & Co. assessed STP's product, technology, and engineering capabilities with a focus on the company's software architecture and infrastructure, technology stack, cloud strategy, and product vision.
This transaction exemplifies Code & Co.'s position as an established technology and product advisor on private equity mandates to clients across Europe.
Bregal Unternehmerkapital (“BU”) is part of a family-owned business that has grown over several generations. The BU funds invest in European mid-sized companies across a wide range of sectors with a focus on market leaders and “hidden champions” with strong management teams and outbreak potential. With patient capital, entrepreneurial expertise, and a partnership approach, our team works closely with entrepreneurs to develop, internationalize and digitalize portfolio companies, and to help them generate sustainable value on a responsible basis.
As part of its comprehensive commitment to ESG, BU also supports existing portfolio companies with loans at attractive terms to finance sustainability investments provided by Bregal’s dedicated EUR 40 million Sustainable Development Fund and, in 2020, with grants for charitable projects to contribute to portfolio companies’ pandemic responses provided by Bregal’s EUR 3 million COVID-19 relief fund. Furthermore, in 2021, BU committed to ambitious science-based climate targets for 2030 as part of its commitment to decarbonize its portfolio and achieve net-zero.