Overview
Munich, February 27, 2024 – McDermott Will & Emery has advised Nord/LB on the financing of acquiring a majority stake in German P2P software provider cisbox GmbH by Dutch software investor Main Capital. The founders of cisbox, Stephan Kern and Sebastian Mehrle, will remain with the company and have significant reinvested in it.
Founded in 2005, cisbox offers cloud- and AI-based software solutions for the optimization of procure-to-pay (P2P) processes, primarily in the healthcare, hospitality, services and public sectors. The company employs more than 150 people in Solingen, Germany, and at two locations in Vietnam.
NORD/LB Norddeutsche Landesbank is one of Germany’s leading commercial banks. As an institute under public law, it is part of the S-Finance Group. Its core business segments include corporate customers, special financing in the energy and infrastructure sectors and for aircraft, financing commercial real estate via Deutsche Hypo, capital market business, association business with the savings banks and private and commercial customers including private banking. The bank is based in Hanover, Braunschweig and Magdeburg and has branches in Oldenburg, Hamburg, Schwerin, Düsseldorf and Munich. Outside Germany NORD/LB is represented by a Pfandbrief bank (NORD/LB Covered Bond Bank) in Luxembourg and by branches in London, New York and Singapore.
The McDermott team was led by partners Matthias Weissinger and Ludwig Zesch and comprised counsel Maximilian Meyer as well as associates Tim Becker, Laura Sollacher and Romy Lanz.
