Deals/M&A

PwC Legal advises cloud provider evoila on acquisition of HOB’s network division

Frankfurt am Main, June 27th 2019

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has advised cloud provider evoila GmbH and investment company Kalisch & Schmidt MITTELSTANDSPARTNER GmbH (KS|M) on the acquisition of the network division of HOB GmbH & Co. KG, a provider of software solutions and services in the network infrastructure sector that is now insolvent.

evoila GmbH is one of the leading providers in consulting, analysis, implementation and management of cloud infrastructure. With its acquisition of HOB, evoila adds planning and installation of physical network infrastructure and services to its portfolio. The company was founded in 2009 and is based in Mainz.

Kalisch & Schmidt MITTELSTANDSPARTNER GmbH is an independent, owner-managed investment company based in Frankfurt am Main. It took charge of the deal as a first step in a joint buy-and-build strategy by evoila and KS|M. The deal went through on May 7th 2019.

In a ruling on December 27th 2018, Fürth District Court (insolvency court) initiated insolvency proceedings with a debtor-in-possession arrangement with respect to the assets of HOB GmbH & Co. KG. Dr Jochen Zaremba of SRI Rechtsanwaltsgesellschaft mbH was appointed administrator. HOB GmbH & Co. KG was advised by WELLENSIEK Rechtsanwälte PartG mbB and Elsässer Rechtsanwälte GbR as part of the debtor-in-possession proceedings.

The advice provided by the PwC Legal lawyers focussed on M&A, employment law, IP/IT law and insolvency law. The lawyer in charge was Sebastian Knapp, Senior Manager at PwC Legal in Frankfurt am Main since April 2019, who specialises in advising companies and representatives as well as shareholders, investors and creditors in crises and insolvency proceedings.

Advisors to evoila GmbH and Kalisch & Schmidt MITTELSTANDSPARTNER GmbH

PwC Legal Germany:

Sebastian Knapp (M&A and insolvency law, Frankfurt am Main, team lead);
Dr Andreas Eckhardt, Elisabeth Alison Sechtem (both labour law, Hamburg);
Jan-Dierk Schaal, Melanie Wellner (both IP/IT, Hamburg)

Baker Tilly Unternehmensberatung GmbH:

Structured investment process

Advisors to debtor-in-possession of HOB GmbH & Co. KG

WELLENSIEK Rechtsanwälte PartG mbB:

Prof Markus Stadler, Matthias Nierhaus (both M&A and insolvency law, Munich)

Elsässer Rechtsanwälte GbR:

Daniela Gunreben (labour law, Munich)

Administration

SRI Rechtsanwaltsgesellschaft mbH:

Dr Jochen Zaremba (administrator)

About PwC Legal:

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