Kyriakides Georgopoulos advised MANTIS S.A. (“Mantis”), holding company of the MANTIS Group, in the merger with Ecovium Holding GmbH (formerly: MHP Holding GmbH, “Ecovium”), a leading provider of end-to-end logistics software solutions in the DACH region, in a transaction involving, inter alia, a rollover-scheme of key shareholders/employees in Ecovium, as well as the prior distribution of stock awards to certain Mantis’ employees. With 120 employees and offices in 9 countries as well as many qualified partners, Mantis is present in 30+ countries in Central-Eastern Europe, Israel, USA / Canada & Latin America, Middle East & North Africa and Asia-Pacific. The transaction was supported by FSN Capital Partners, a leading Northern European private equity firm and advisor to the FSN Capital Funds. FSN Capital, with €4 billion in assets under management and offices in Oslo, Stockholm, Copenhagen and Munich, is Ecovium’s lead investor.
Kyriakides Georgopoulos team led by Senior Partner Konstantinos Vouterakos and Counsel Apostolos Georgantas assisted Mantis in the structuring of the transaction, throughout the negotiations of all transaction documents, the conduct of legal due diligence by Ecovium and the provision of advice on the various aspects of the transaction including coordination of various foreign counsels. Our dedicated team included amongst others, Tax Partner Panagiotis Pothos, Senior Tax Associates Ioanna Barba and Angeliki Miliakou and Associates Marianna Katsifi and Despina Korovesi. Εmployment Partner Ioanna Kyriazi and Data Protection and Privacy Partner Elina Georgili also assisted the transaction on matters related to their fields of expertise.
It has been a demanding exercise over the last six months and KG is very proud to support Mantis in efficiently closing this complex transaction which signifies Ecovium’s direct presence in Greece, boosts Greek logistics software solutions market and by joining forces with Mantis will offer integrated, state-of-the-art Supply Chain Execution (SCE) solutions on an international level by combining platforms for TMS, shipping, customs and WMS.
Many thanks for their great cooperation and trust to our core contacts with Mantis team, as well as to the Stifel team, which acted as the M&A financial advisor, Noerr and partner Sebastian Diehl who acted as German law adviser and Grant Thornton, which acted as tax advisor.