Deloitte Legal advises Main Capital on acquisition of majority stake in FOCONIS

Düssel­dorf — A Deloitte Legal team led by Felix Fell­ei­sen (Part­ner) and Max Lüer­ßen (Coun­sel; both Corporate/M&A, Düssel­dorf) advi­sed the stra­te­gic soft­ware inves­tor Main Capi­tal on its invest­ment in the finan­cial services soft­ware provi­der FOCONIS.

FOCONIS is a leading provi­der of data quality, control and compli­ance soft­ware that supports finan­cial insti­tu­ti­ons — prima­rily in German-spea­king count­ries — in their inter­nal report­ing and in meeting regu­la­tory requi­re­ments. The company’s more than 600 custo­mers include private banks and asso­cia­ti­ons, as well as savings banks and coope­ra­tive banks.

Main Capi­tal will support FOCONIS and the manage­ment team to further streng­then the exis­ting market posi­tion and conti­nue the strong growth trajec­tory by expan­ding into adja­cent custo­mer segments with high regu­la­tory and data quality requi­re­ments. In addi­tion to orga­nic growth initia­ti­ves, selec­tive acqui­si­ti­ons also repre­sent an important pillar of growth.

About FOCONIS

FOCONIS is a leading provi­der of data quality, control and compli­ance soft­ware for banks, desi­gned to help finan­cial insti­tu­ti­ons with inter­nal report­ing and regu­la­tory requi­re­ments. The solu­tion is focu­sed on finan­cial insti­tu­ti­ons in German-spea­king count­ries and is curr­ently used by over 600 custo­mers in the finan­cial services indus­try. The company’s main product, FOCONIS-ZAK®, conso­li­da­tes data from various sources, in parti­cu­lar public stock exch­ange data, data from banking asso­cia­ti­ons, data available directly from the custo­mer or other (un)structured data . The system then analy­zes and controls the proces­sed data by apply­ing an exten­sive set of rules. If conspi­cuous busi­ness tran­sac­tions are iden­ti­fied, FOCONIS-ZAK® initia­tes the reso­lu­tion of compli­ance issues accor­ding to a firmly defi­ned process inclu­ding escala­tion paths. The checked and correc­ted data is then auto­ma­ti­cally updated in the customer’s respec­tive core banking system. The company was foun­ded in 2000 and curr­ently employs 80 people.

About Main Capital

Main Capi­tal is a stra­te­gic soft­ware inves­tor with an exclu­sive focus on the soft­ware sector in the Bene­lux, DACH region and Scan­di­na­via. Within this sector, Main Capi­tal is the most specia­li­zed entity for manage­ment buyouts and growth capi­tal for stra­te­gic late-stage acqui­si­ti­ons. Main Capi­tal mana­ges invest­ments worth appro­xi­m­ately €1 billion in estab­lished and growing soft­ware compa­nies in the Nether­lands, the DACH region and Scan­di­na­via. An expe­ri­en­ced team of specia­lists mana­ges these private equity funds from offices in The Hague, Düssel­dorf and Stockholm.

Felix Fell­ei­sen and Max Lüer­ßen have been advi­sing Main Capi­tal since the begin­ning of its expan­sion into Germany and have alre­ady assis­ted the stra­te­gic soft­ware inves­tor in a number of plat­form and add-on acqui­si­ti­ons. Deals advi­sed by Deloitte Legal’s M&A lawy­ers include acqui­si­ti­ons of stakes in fast-growing German soft­ware and SaaS compa­nies such as b+m Infor­ma­tik (finan­cial services), arte­gic (marke­ting auto­ma­tion), JobRou­ter (process auto­ma­tion), Clever­soft (GRC for finan­cial services), HYPE Inno­va­tion (inno­va­tion management/collaboration), GBTEC (process automation/workflow management/ GRC), Onven­tis (procu­re­ment & Invoice Manage­ment) and HLP Infor­ma­tion Manage­ment (Idea and Inno­va­tion Manage­ment Software).

Advi­sor Main Capi­tal: Deloitte Legal
Max Lüer­ßen (Coun­sel, Corporate/M&A, Düssel­dorf, Lead), Felix Fell­ei­sen (Part­ner, Corporate/M&A, Düssel­dorf Co-Lead); Frauke Heudt­lass (Part­ner, Labor Law, Düssel­dorf); Dr. Fleur Johanna Prop, LL.M. (Coun­sel, Corporate/M&A, Düssel­dorf), Alex­an­der Roehl, LL.M. (Asso­ciate, Corporate/M&A, Düssel­dorf); Leonie Onkel­bach (Asso­ciate, Labor Law, Düsseldorf .

Consul­tant FOCONIS: POELLATH
Phil­ipp von Braun­schweig (Part­ner, Corporate/M&A, Munich, Lead), Dr. Nico Fischer (Part­ner, Tax, Munich), Andrea Strei­fen­e­der, (Asso­ciate, Corporate/M&A, Munich).