Berlin – Global investment firm Summit Partners is taking a EUR 31 million minority stake to support the growth of Signavio GmbH, a leading provider of SaaS-based software for business process and decision Management.
CMS Germany’s Berlin-based technology team headed by partners Dr Jörg Zätzsch, Jesko Nobiling and Dr Ole Jani advised the Signavio founders on all legal aspects of the transaction. Dr Jörg Zätzsch: "Signavio is regarded as a hidden champion in the Berlin start-up scene. Summit will undoubtedly prove to be a very important partner for expanding the business, especially in Europe, North America and Asia." During the year, the Berlin technology team has advised on a number of transactions in the field of technology and digital business models, including the recent sale of kfzteile 24 to EQT.
Founded in 2009, Signavio GmbH is headquartered in Berlin and has offices in Singapore and Sunnyvale, California. The company has around 100 employees and offers cloud-based software that helps more than 800 businesses worldwide to efficiently design, implement and manage complex processes, decisions and workflows.
Summit Partners is a global growth equity firm based in Boston (USA) that is currently investing more than USD 6.5 billion. Summit has invested in over 400 companies to date, particularly in the technology and healthcare sectors. Examples include McAfee, Uber and Hyperion Solutions.
CMS Hasche Sigle
Dr Jörg Zätzsch, Corporate
Jesko Nobiling, Corporate/Tax Dr
Ole Jani, IP