CMS advises Canadian financial software provider FreshBooks on acquisition of FastBill

Leipzig/Frankfurt am Main – FreshBooks, a leading provider of cloud-based accounting software with customers in more than 160 countries which is headquartered in Toronto (Canada), has acquired FastBill, one of the leading cloud solutions for accounting and invoicing in Germany. The transaction has already been completed. The financial terms of the deal were not disclosed.

CMS Germany advised FreshBooks on all legal aspects of the transaction.

FastBill was established in Frankfurt/Main in 2011. It helps the self-employed, small businesses and start-ups to gain better control of their finances through digital invoice management, reporting and access to tax advisory services. FastBill currently has customers in 16 European countries.

FreshBooks is an accounting platform geared towards business owners. It offers an easy-to-use approach to managing finances, billing, payments and client engagement. The company serves customers of all sizes from offices in Canada, Croatia, Mexico, the Netherlands and the US. FreshBooks recently completed a round of financing that raised USD 130 million.

CMS Germany

Dr Jörg Lips, Lead Partner, Leipzig/Frankfurt am Main
Dr Christoph Löffler, Senior Associate, Leipzig
Benedikt Pittrof, Senior Associate, Leipzig
Kevin Schmidt, Associate, Leipzig, all Corporate/M&A
Jesko Nobiling, Partner, Berlin, Tax
Dr Markus Kaulartz, Counsel, Munich, TMC
Annika Lindemann, Senior Associate, Munich, Intellectual Property
Dr Antje-Kathrin Uhl, Partner, Stuttgart
Dr Anja Naumann, Counsel, Leipzig
Sven Groschischka, Associate, Leipzig
Luca Michilli, Associate, Stuttgart, all Labor, Employment & Pensions
Phillip Bubinger, Senior Associate, Cologne, Commercial

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