Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
Deal Date: | 19-09-2014 | Practice Area: | International Finance and Bank Credit |
Deal Title: | SAP Financing for the Takeover of Concur Technologies | Industry: | Software & Computer Services |
Description: |
Allen and Overy LLP advised SAP SE on the financing of the takeover of Concur Technologies, Inc., a leading provider of business travel and expense management software solutions, and on regulatory issues in the context of the takeover. The takeover of Concur by SAP SE's subsidiary, SAP America Inc., is expected to close in late 2014/early 2015. Closing of the transaction is subject to Concur stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions.
The transaction will be funded from a credit facility agreement of up to EUR 7 billion to cover the purchase price, target debt refinancing and acquisition-related costs.
The Allen and Overy team was led by partner Thomas Neubaum and comprised counsel Dr. Mark Hallett and associate Dr. Alexander Schilling (all banking and finance, Frankfurt), as well as partner Etay Katz and associate Charles Ko (both banking and finance, London).
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Financial Center: | Frankfurt | Value: | 5000.01-10000.00 |
Advised Party: | Borrower | Law Firm | Allen & Overy |
Borrower Jurisdiction: | United States | Lender Jurisdiction: | Germany |
Classification: |
Acquisition Finance Private Company Acquisition |
Lawyer | Thomas Neubaum |