Investcorp Technology Partners V LP managed by Investcorp Holdings B.S.C. agreed to acquire a majority stake in Veda Gmbh on January 2, 2024. Veda?s Chief Executive Officer Ralf Graessler will continue to remain invested in Veda alongside Investcorp. Managing shareholder Ralf Gräßler will retain a significant stake in the company.

In 2023 VEDA generated revenues of approximately ?20 million. The transaction is subject to customary closing conditions and expected to close in Q1 2024. Ralf Philipp Hofmann, Maximilian von Bodman, Julian Wolf, Pablo Lundershausen and Jonas Kerkow of Drake Star Partners Gmbh acted as the exclusive financial advisor VEDA GmbH and its shareholders.

Otto Haberstock, Nico Fischer, Daniel Wiedmann, Daniel Zhu, Alexander Pfefferler and Marco Ottenwälder of P+P Pöllath + Partners acted as the legal advisor to shareholders of VEDA. Philipp Weber, Matthias Heilmeier, Daniel Wied, Philipp Gold, Georg Havlik, Tobias Lämmle and Nicole Lucks of Momentum Rechtsanwälte a;ong with Ingo Sappa of Pusch Wahlig Workplace Law, Eckart Haag, Jens Engelhardt and Anja Bruchmann of NOTOS Partnerschaft von Rechtsanwälten mbB, Florian Gunz Niedermann and Fabienne Anner of Walder Wyss Ltd., Timo Angerbauer and Fabian Grossmann of ROCAN acted as the legal advisors to Investcorp Holdings B.S.C.