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Dorda and Binder Groesswang Advise on Insight Partners' EUR 100 Million Investment in PSPDFKit

Dorda and Binder Groesswang Advise on Insight Partners' EUR 100 Million Investment in PSPDFKit

Austria
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Dorda, working with Kramer Levin Naftalis & Frankel, has advised the shareholders of Austrian startup PSPDFKit on a EUR 100 million investment from Insight Partners. Chapman & Cutler also advised PSPDFKit, with Willkie Farr & Gallagher and Binder Groesswang advising Insight Partners.

Closing is expected by the end of 2021, pending regulatory approval.

According to Dorda, “PSPDFKit is a leading document processing and manipulation platform for developers and enterprise businesses. The company serves nearly a billion end-users in over 150 different countries.”

Insight Partners is a New York-based venture capital and private equity firm focused on growth-stage software and technology companies.

According to Dorda, “Jonathan Rhyne, Co-Founder, and CEO of PSPDFKit remains active with the company, while PSPDFKit co-founders Peter Steinberger and Martin Schurrer are stepping back from their full-time active roles in the business. All three founders will retain a portion of their shares in the business.”

Dorda’s team was led by Partner Christian Ritschka and included Partners Paul Doralt, Heinrich Kuhnert, Nino Tlapak, and Bernhard Rieder, Attorneys Julia Berent, Lisa Kulmer, and Bernhard Heinzl, and Associate Mike Schaunig.

Binder Groesswang's team included Partners Florian Khol, Christian Zwick, and Christian Wimpissinger and Senior Associate Philipp Tagwerker.

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