CMS advises Sastrify on exit transaction with Deel

Cologne – The international SaaS start-up Sastrify, headquartered in Cologne, Germany, has been acquired by the US-based HR technology company Deel. The transaction marks the exit of Sastrify’s existing investors and the full integration of the company into Deel’s global group structure.

A CMS team comprising lead partner Dr Malte Bruhns, Philipp Knopp and Tobias Kalski advised Sastrify and its shareholders on all legal aspects of the transaction. This included the structuring and negotiation of the share purchase agreement and the coordination of the signing and closing process. Sastrify and its founders are long-standing CMS clients, having previously been advised by CMS on earlier financing rounds.

Founded in 2020 by Maximilian Messing and Sven Lackinger, Sastrify is a software management platform for risk management, compliance, and cost optimisation. The AI-powered product suite is designed to eliminate shadow IT, automatically assess vendor risk, and provide required documentation and monitoring along compliance frameworks like NIS2, DORA, and the AI Act. Sastrify counts investors including HV Capital, FirstMark Capital, Endeit Capital, Simon Capital and Reimann Investors among its shareholders. 

As part of the transaction, all investors as well as the founders sold their respective shareholdings in Sastrify to Deel. The transaction involved a cross-border share transfer and required coordination among multiple stakeholders, including international investors and management.

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