Great Hill Partners: € 180 million investment in merger of Echobot and Leadfeeder
Boston/ Berlin — A YPOG team co-led by Martin Schaper and Tim Schlösser advised Boston-based private equity firm Great Hill Partners on its investment in German sales intelligence provider Echobot and Finnish online platform Leadfeeder. The merger, officially announced by both companies, is supported by a €180 million investment from Great Hill Partners. Great Hill will use the capital to support the newly formed group in its product development, sales expansion and international growth. A further €50 million was allocated to future strategic acquisitions.
The combined group is led by Echobot founder Bastian Karweg as CEO and Leadfeeder founder Pekka Koskinen as CPO. Headquartered in Germany, the company operates with a globally networked team of 250 employees at six locations in Europe and the U.S., serving 8,500 customers.
The YPOG team of Martin Schaper (photo) and Tim Schlösser worked with a team from Choate Hall & Stewart LLP led by Daniel P. Riley. Marius Fritzsche and Luca Rawe of Pusch Wahlig Workplace Law advised on labor law issues, Pascal Friton and Florian Wolf of Blomstein were involved for sanctions law issues. A team from the Finnish law firm Merilampi, led by Antti Kahri, advised on the Finnish part of the transaction.
Advisor Great Hill Partners: YPOG
Dr. Martin Schaper (Co-Lead, Corporate/Transactions), Partner
Dr. Tim Schlösser (Co-Lead, Corporate/Transactions), Partner
Dr. Stephan Bank (Corporate/Transactions), Partner
Dr. Malte Bergmann (Tax), Partner
Ann-Kristin Lochmann (Tax), Associated Partner
Dr. Benedikt Flöter (IP/IT), Associated Partner
Dr. Karen Frehmel-Kück (Corporate/Transactions), Senior Associate
Dr. Martyna Sabat (Transactions), Senior Associate
Barbara Hasse (Corporate/Transactions), Associate
Alexander Sekunde (Corporate/Antitrust), Associate
Melisa Keme (Corporate/Transactions), Associate
Benjamin Müller (Corporate/Transactions), Associate
About Great Hill Partners
Great Hill Partners is a Boston-based private equity firm seeking investments of $25 million to $500 million in high-growth companies in software, digital commerce, financial technology, healthcare and digital infrastructure. Over the past two decades, Great Hill has received more than twelve billion dollars in commitments and invested in more than 90 companies. Great Hill has an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help mid-sized companies expand. Great Hill was recently recognized for its leadership in the industry, ranking #5 in the HEC — DowJones.
About Echobot
Echobot is a leading sales intelligence platform for European markets. Over 1,500 customers benefit from high-quality B2B data and thus easily digitize their sales & marketing processes. Artificial intelligence and the dynamic company database help to select the target group in a fine-granular way and thus generate more B2B leads, new customers and sales. Echobot delivers the most important information about the desired customer in seconds — completely DSGVO-compliant!
About Leadfeeder
Leadfeeder is B2B lead generation software that uses your anonymous web traffic to gather data about customer buying intentions. Leadfeeder identifies the companies that visit your website, how they got there, their behavior and their purchase intentions. With over 60,000 users worldwide, Leadfeeder is the sales and marketing tool of choice to improve lead generation.
About YPOG
YPOG is a specialist tax and commercial law firm operating in the core areas of Corporate, Funds, Litigation, Tax, Transactions, IP/IT, Notary Services, Banking + Financial Services and FinTech + Blockchain. The YPOG team advises a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. YPOG is one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners are nationally and internationally ranked by JUVE, Best Lawyers, Legal 500, Focus, and Chambers and Partners. Today, YPOG employs more than 90 experienced lawyers, tax advisors, tax specialists and a notary in three offices in Berlin, Hamburg and Cologne. Further information: www.ypog.law