CMS advises INVISION and PINOVA on the acquisition of Utimaco's lawful interception business
Frankfurt/Main – CMS advised the private equity firms INVISION and PINOVA as co-investors for their joint acquisition of the Utimaco Group's lawful interception business. The transaction involves a carve-out of the Utimaco Telecom Solutions (UTS) business unit, which has established itself over many years as one of the world's leading providers of lawful interception solutions, and the co-investment agreement between INVISION, PINOVA and certain minority shareholders. PINOVA already held a stake in Utimaco from 2013 to 2022 and is now working with INVISION to further develop UTS as an independent entity.
Utimaco is a leading global provider of IT security solutions with headquarters in Aachen (Germany) and Campbell (USA). With the sale of the UTS division, the company intends to focus on further developing its remaining business areas in the field of information and data security.
A CMS team led by Dr Hendrik Hirsch provided comprehensive legal advice on the transaction. The parties agreed not to disclose the investment value. PINOVA and INVISION regularly rely on advice from CMS.
INVISION is one of Europe's leading mid-market private equity firms focusing on succession transactions and growth companies in the DACH region and the Benelux. With investments in over 70 companies, INVISION has a reputation for sustainable value enhancement in particular through internationalisation, introduction of new products and services as well as add-on acquisitions and digitalisation.
PINOVA is an independent private equity company that invests in Industrial Tech companies (High Tech Components, Innovative Materials and Smart Systems) in the German-speaking region through its managed funds. PINOVA focuses on mid-sized companies with revenues between €10 million and €50 million characterised by significant growth potential, sustainable competitive advantages, and a strong market position in their niche.
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