Kyriakides Georgopoulos has advised Mantis on the sale of its subsidiary Mantis Informatics to FSN Capital Partners portfolio company Ecovium Holding. Zepos & Yannopoulos and BPV Grigorescu Stefanica, working with GLNS, advised FSN Capital. Eversheds Sutherland advised Oldenburgische Landesbank on the refinancing of Ecovium and financing for the acquisition, with Clifford Chance advising the lenders as well. Noerr reportedly advised Mantis on German law, while Seewald, Rutan & Tucker, Barnea Jaffa Lande, Chrysostomides, and Elvinger Hoss reportedly advised FSN Capital in Poland, the US, Israel, Cyprus, and Luxembourg, respectively.
According to Zepos & Yannopoulos, "the completion of the transaction aligns with Ecovium’s business goals in offering worldwide integrated supply chain execution software solutions while working together with a leading warehouse management system provider of global reach."
Founded in Athens, in 1996, the Mantis Group is a warehouse management system and logistics software provider. Mantis is present in more than 30 countries in Central and Eastern Europe, Israel, the US, Canada, Latin America, the Middle East, North Africa, and Asia-Pacific.
Ecovium Holding is a German end-to-end logistics software solutions provider in the DACH region. Ecovium employs around 400 people at 21 locations worldwide.
FSN Capital Partners is a Northern European private equity firm. FSN Capital, having EUR 4 billion in assets under management and offices in Oslo, Stockholm, Copenhagen, and Munich, is Ecovium’s lead investor.
"Enterprises are looking for comprehensive and seamlessly integrated supply chain execution software suites and turn-key solutions with a proven track record in their particular vertical markets and geographical regions," Mantis CEO Yiannis Panagiotopoulos commented. "Following this market trend, we have been actively looking to join forces with successful logistics software and solutions providers with a complementary portfolio and geographical coverage. In this context, Ecovium is an ideal match for Mantis."
The Kyriakides Georgopoulos team was led by Senior Partner Konstantinos Vouterakos and Counsel Apostolos Georgantas, and included Partners Panagiotis Pothos, Ioanna Kyriazi, and Elina Georgili, Senior Associates Ioanna Barba and Angeliki Miliakou, and Associates Marianna Katsifi and Despina Korovesi.
The Zepos & Yannopoulos team was led by Partner Stefanos Charaktiniotis and Associate Nadia Axioti and included Associate Elia Bastali.
The BPV Grigorescu Stefanica team included Partner Catalin Grigorescu and Associate Tania Hotca.
The Eversheds Sutherland team was led by Munich-based Partner Thomas Freund and included Associate Tiziana Daxenberger and Lawyer Teresa Feistle-Bertsch.
The GLNS team was led by Partner Ludger Schult and included Partners Daniel Epe, Andreas Scheidle, and Anselm Lenhard and Associates Eva-Maria Bayer and Jennifer Blumlein.
The Clifford Chance team included Frankfurt-based Partner Steffen Schellschmidt, Counsel Christoph Nensa, and Associate Nico Koehler.