Overview
Munich, January 23, 2025 – McDermott Will & Emery has advised NORD/LB on the financing of the merger of the German software providers mps public solutions (mps) and MACH Group. Both companies are part of the portfolio of the investment firm Main Capital, which will retain a majority stake in the merged entity.
The merger will create a German powerhouse for financial management software for the (semi-)public sector under the MACH brand.
mps founded in 1978, is a leading provider of software for public administration. Its core business is the development of financial management software in the municipal market.
The MACH Group supports federal and state administrations, foundations, local authorities, churches and charities as well as colleges and universities with its range of software.
The NORD/LB is one of the leading German commercial banks. As a public-law institution, it is part of the S-Finanzgruppe.
McDermott had previously advised NORD/LB on financing Main Capital’s acquisition of mps.
The McDermott team was led by partners Ludwig Zesch and Matthias Weissinger and comprised partner Steffen Woitz as well as associate Lorenz Schwojer.
