Clifford Chance
Clifford Chance advises DPE on the sale of a majority holding in Elatec
29 March 2018
Clifford Chance advises DPE on the sale of a majority holding in Elatec
Clifford Chance has advised DPE Deutsche Private Equity on the sale of its majority stake in the tech company Elatec. The purchaser is the global alternative investment firm Summit Partners. DPE and its co-investors will continue to hold a minority stake in Elatec.
Elatec is a global leader in the manufacture of multistandard RFID readers. RFID technology enables the authentication of individual users on a variety of devices and is often used for security purposes. DPE acquired the majority holding in Elatec in January 2016 and since then Elatec has almost doubled in terms of revenue and headcount.
The Clifford Chance team comprised partner Nicole Englisch (Corporate/M&A, Munich) and Frederik Mühl (Private Equity, Frankfurt), as well as senior associate David Schwenneker, associate Laura Treublein (both Corporate, Munich), partner Marc Besen and counsel Dimitri Slobodenjuk (both Antitrust, Dusseldorf).
This deal was the first time that DPE has been advised by Clifford Chance.
