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CMS advises shareholders of IT service providers commehr and workbees on sale to Waterland portfolio company netgo

31/07/2020

Berlin – The founders of Berlin IT service providers commehr GmbH and workbees GmbH have sold the majority of their shares to Borken-based IT system integrator netgo Unternehmensgruppe GmbH. The netgo group is a portfolio company of private equity investor Waterland. The financial details of the transaction were not disclosed.

A CMS team led by Dr Jörg Zätzsch and Jesko Nobiling advised the sellers and founders, Dr Timo Glaser and Sebastian Meyer, on all legal aspects of the transaction and on their reinvestment.

Established in 2009, commehr supports innovative and growing companies on their path into the digital future. commehr is a one-stop shop for coordinated IT, telecommunications, infrastructure and security services, ranging from cabling to cloud management. As an all-round IT service provider, the firm handles the entire process from consulting, project planning, maintenance and operation to support.

workbees likewise offers its customers a full range of support around ICT, from networking to intelligent office applications and efficient telecommunications solutions.

The netgo group helps companies and institutions to accelerate and simplify their business processes with the aid of smart IT services and IT solutions. Formed in 2016, the group generated sales of around EUR 80 million in 2019. It has some 400 employees across 19 locations.

Waterland Private Equity is an independent private equity investment group that supports companies in realising their growth ambitions. With substantial financial resources and committed industry expertise, Waterland Private Equity enables its portfolio companies to achieve accelerated growth both organically and through acquisitions.

CMS Germany

Dr Jörg Zätzsch, Lead Partner, Corporate/M&A
Jesko Nobiling, Lead Partner, Corporate/M&A, Tax
Dr Friedrich von Spee, Senior Associate, Corporate/M&A
Mariya Ivanova, Associate, Tax
Dr Rolf Hempel, Partner
Martin Cholewa, Counsel, both Competition & EU
Axel Dippmann, Banking & Finance

Press Contact
[email protected]

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Jörg Zätzsch
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Jesko Nobiling
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