SNP Schneider-Neureither & Partner SE (XTRA:SHF) agreed to acquire Datavard AG from Marondo Capital GmbH and others for €29.6 million on July 28, 2021. As consideration for the acquisition of all shares in Datavard AG, a cash component of around EUR 20 million and the issue of 173,333 new shares from a capital increase through contributions in kind are planned. The new shares will be issued indirectly to Gregor Stöckler and two additional shareholders of Datavard AG and all three will remain with the company after the transaction.

The shares issued will be subject to a 36-month lock-up period. The initial consolidation is expected to take place on August 1, 2021. In 2020, Datavard AG reported total revenues of around EUR 17.6 million and EBIT of EUR 1 million.

Gregor Stöckler CEO of Datavard AG, will join the Board of Managing Directors of SNP Schneider-Neureither & Partner SE as the new Chief Operating Officer (COO). The cash acquisition is to be completed on July 30, 2021. Julia Dengler-Geis, Michael Roos, Tilmann Becker, Julian Buhr (PSL) and Simon Brandt (PSL) of King & Wood Mallesons acted as financial advisor for Marondo Capital GmbH and other sellers.