04.10.2018 News
Takeover of SQS AG by Assystem Group successfully completed
Oppenhoff & Partner has advised the Assystem Group (Munich) and SQS Software Quality Systems AG (Cologne) on the successful completion of the takeover of SQS AG by squeeze-out andsubsequent side-stream mergers.
Following the successful takeover bid of the Assystem Group, respectively the investment fund Ardian, for all shares in SQS AG last December, Oppenhoff has now advised both SQS and the Assystem Group on the subsequent squeeze-out, the preparation and accompaniment of the ordinary general meeting in 2018 as well as the merger process.
Special consideration was given, amongst other things, to the inclusion of the holders of so-called depositary interests, who had acquired these on the stock market as share substitutes of SQS AG yet formally did not hold the position of shareholders.
The combination of the Assystem Group and SQS AG will create a global service provider for quality control and process integrity across the entire spectrum of physical and digital products. Assystem is a portfolio enterprise of the investment company Ardian (formerly Axa Private Equity), which manages interests to a sum of about 62 billion US dollars for its investors from Europe, North America and Asia.
The Oppenhoff team comprised Dr. Peter Etzbach (lead partner), Dr. Günter Seulen, Johannes Janning, Alexandra Dölves (all corporate law/M&A), Marc Krischer and Felix Dallmann (both tax law).
Oppenhoff & Partner stands for 110 years of top level legal advice. The independent law firm advises national and international companies and entrepreneurs on matters of commercial and tax law.