King & Wood Mallesons (KWM) has advised LANDWEHR Group in connection with the investment in rhb Software GmbH (rhb Software).
rhb Software, based in Hamm/Westphalia, was founded in 2014 and is an innovative software company. With the analysis tool PDNavi®, rhb Software is the leader in the field of controlling and management software especially for personnel service companies. PDNavi® was specially developed for LANDWEHR L1 and offers companies from the personnel service sector an efficient corporate management and operative controlling. Currently, more than 200 LANDWEHR L1 users already use PDNavi® for analyses.
Due to the long-standing partnership with rhb Software, the acquisition is a logical step and is intended to strengthen the product portfolio of the LANDWEHR Group in the strategically important areas of controlling and analysis. The expansion is thus intended to create decisive added value and competitive advantages. The previous managing directors of rhb Software, Patrick Ritter and Markus Budde, will remain with the LANDWEHR Group in this function.
The acquisition of rhb Software was supported by the technology investor LEA Partners as part of an add-on transaction to expand the LANDWEHR Group. In spring 2019, funds advised by LEA Partners acquired a majority stake in LANDWEHR Group, a renowned provider of special branch software for personnel service companies, event service providers, building service providers, as well as agricultural and trading companies. In this transaction, LEA Partners was advised by the KWM team (LEA Partners invests in LANDWEHR, 04/2019).
Advisors to LANDWEHR Group:
Markus Herz (partner), Dr. Laura Schumann (associate), Dr. Michael Roos (partner), Hilke Schmitt (counsel) (all Corporate/M&A)