Battery Ventures made an offer to acquire EASY SOFTWARE AG (XTRA:ESY) from Global Derivative Trading GmbH, Deutsche Balaton AG (DB:BBHK) and others for €74.1 million on July 24, 2020. Under the terms of the offer, Battery Ventures will pay €11.50 per EASY SOFTWARE share in cash to the shareholders of EASY SOFTWARE. The completion of the takeover offer will be contingent on a minimum acceptance threshold of 75% of EASY SOFTWARE's shares, as well as antitrust approval. The transaction is also subject to the approval of German Federal Financial Supervisory Authority. On September 10, 2020, the Board of Directors of Easy Software recommended the shareholder's to accept the offer. As on September 25, 2020, takeover offer for 75.99% has been accepted.

Stefan Koch, Jan Eichstädt, Matthias Kiesewetter, Justus Herrlinger, Andreas Lischka and Sascha Schmidt of White & Case LLP acted as legal advisors to Battery Ventures. Susanne Rückert of Fieldfisher (Germany) LLP and Katja Plückelmann of Heuking Kühn Lüer Wojtek acted as legal advisors to EASY SOFTWARE AG.