Leipzig – The Munich-based Venitus Group has acquired a stake in Thinkport, a pioneer in the development of innovative cloud technologies. The founders Dominik Fries and Tobias Drechsel will retain a significant stake in the company and keep their positions unchanged. The partnership with Venitus marks a significant milestone in the development of the cloud consulting company. It will help to further consolidate Thinkport's position as an innovation leader, accelerate growth and lay the foundations for the next phase of development. The parties involved have agreed not to disclose further details of the transaction.A CMS team led by Dr. Kevin Schmidt provided comprehensive legal advice to the Thinkport founders on the transaction. Thinkport, headquartered in Frankfurt/Main with offices in Leipzig, Hamburg and Berlin, has made an impressive journey from a start-up to an established and award-winning player in the cloud technology industry over the past five years. Founded in 2018 and employing around 80 people, the company supports large German-speaking companies and DAX-listed corporations with projects in the areas of cloud migration, development and training. Its customer portfolio includes renowned names such as Edeka, Bayer and Deutsche Bahn. The Venitus Group is a leading digitalization partner for medium-sized and enterprise customers in the DACH region with a focus on the areas of public cloud, data engineering and AI. Venitus complements its organic growth with an acquisition strategy and currently consists of four innovative and fast-growing companies in these areas. Press Con­tact presse@cms-hs. com

Medical use The legalisation of cannabis for medical use took place in 2017. It is therefore permitted to grow, sell and import cannabis for medical use in Germany. Pursuant to the German Narcotics Act...

Leipzig – DIVICON MEDIA HOLDING GmbH, a full-service provider for broadcasting companies, has been sold to the radio solutions provider UPLINK NETWORK GmbH. Both companies are leaders in German broadcasting operations for FM and DAB+ and the merger marks a milestone in the development of terrestrial broadcasting in Germany. Under the UPLINK brand, the merged companies will play a leading role in FM and DAB+ and offer a wide range of services in broadcasting operations, radio technology and audio services. The parties have agreed not to disclose details of the transaction. In addition to the radio company REGIOCAST, UPLINK is also backed by the family offices COMPASS HEADING GmbH, DOHLBERG GmbH, Quidam Beteiligungen GmbH and Medienpool Beteiligungs GmbH. The UPLINK Group has repeatedly been recognised by the business magazine FOCUS Business and the information service STATISTA as the fastest growing tele­com­mu­nic­a­tions company in Germany.A CMS team headed by Stefanie Pech advised the shareholders of DIVICON MEDIA HOLDING GmbH on all legal aspects of the transaction. Press Con­tact presse@cms-hs. com

Leipzig – Frankfurt-based private equity firm VR Equitypartner (VREP) has sold its stake in Goldeck Süßwaren GmbH, a long-established manufacturer of chocolate specialities headquartered in Leipzig...

Leipzig – The current partners of the Cowen Europe Group are taking over the Continental European investment banking business of TD Cowen, a division of TD Securities. With 12 partners and 50 employees...

Leipzig – Boston-based international US technology company PTC Inc. has acquired pure-systems GmbH, a leading provider of product and software variant management solutions.A CMS team headed by lead...