POELLATH advises GFOS Group on investment by Riverside

Essen/ Frank­furt a. M. — Global growth inves­tor The River­side Company (“River­side”) has acqui­red a majo­rity stake in GFOS Group (“GFOS”), a market leader for profes­sio­nal work­force manage­ment and person­nel requi­re­ments planning.
River­side will support GFOS in key stra­te­gic value crea­tion stra­te­gies, in parti­cu­lar further inter­na­tio­na­liza­tion and cloud migration.
The manage­ment of the company remains unchanged.
POELLATH provi­ded legal and tax advice to the share­hol­ders of GFOS in connec­tion with the transaction.
Foun­ded in 1988 and based in Essen, GFOS Group is an inter­na­tio­nally reco­gni­zed provi­der of inno­va­tive soft­ware solu­ti­ons in the areas of work­force manage­ment, smart manu­fac­tu­ring and access control as well as secure and flexi­ble cloud & IT infrastructures.
GFOS employs more than 200 people and, in addi­tion to its head­quar­ters in Essen, has another office in Hamburg and a subsi­diary in Switz­er­land (GFOS Schweiz AG).
The company’s custo­mer base compri­ses 4,500 custo­mers in 30 countries.
These include ARI Arma­tu­ren Albert Rich­ter GmbH & Co KG, Arthrex GmbH, Feller AG, IMS Gear SE & Co KG, MANN + HUMMEL Inter­na­tio­nal GmbH & Co KG, Trans­gour­met Deutsch­land GmbH & Co KG, NOWEDA Apothe­ker­ge­nos­sen­schaft eG, Schwan Cosme­tics Germany GmbH & Co KG and Senn­ei­ser elec­tro­nic GmbH & Co KG. About River­side River­side is a global invest­ment firm that focu­ses on part­ne­ring with compa­nies to drive trans­for­ma­tio­nal growth and lasting value.
Since its incep­tion, River­side has made more than 1,000 invest­ments and curr­ently holds 140 port­fo­lio companies.
The company employs more than 350 people at 15 loca­ti­ons on three conti­nents. POELLATH advi­sed the share­hol­ders of GFOS on the legal and tax aspects of the tran­sac­tion with the follo­wing team: Otto Haber­stock, M.C.J. (NYU) (Part­ner, Lead, M&A/Private Equity, Munich) Gerald Herr­mann (Asso­cia­ted Part­ner, Tax, Munich) Daniel Wied­mann, LL.M.
(NYU) (Asso­cia­ted Part­ner, Anti­trust, Frank­furt aM) Dr. Andreas Reuther (Asso­cia­ted Part­ner, Employ­ment, Munich) Daniel Zhu (Coun­sel, M&A/Private Equity, Munich)