09
Thu, May
64 New Articles

Closing: Francisco Partners Acquisition of Litmos from SAP Now Closed

Closing: Francisco Partners Acquisition of Litmos from SAP Now Closed

Serbia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

On December 5, 2022, BDK Advokati announced that Francisco Partners’ acquisition of Litmos from SAP (reported by CEE Legal Matters on August 23, 2022) had closed.

As previously reported, BDK Advokati, working with Kirkland & Ellis, had advised Francisco Partners on its acquisition of SAP Litmos from SAP.

Litmos develops e-learning solutions for companies, including the SAP Litmos Training learning management system and the SAP Litmos Training Content, a course library.

Francisco Partners is a global investment firm that focuses on technology and technology-enabled businesses.

SAP is a German company specializing in enterprise application software.

"We are investing in Litmos to accelerate growth by investing in and expanding the Litmos team, advancing product development and marketing, and expanding customer success," Jason Brein and Christine Wang, Partners with Francisco Partners, commented.

BDK Advokati's HR and corporate teams worked on the Serbian leg of the transaction.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

Our Latest Issue