World Services Group Members DORDA, Shoosmiths, and HEUKING Advise on Major Investment in Intact GmbH

December, 2024 - United States of America

World Services Group (WSG) member firms DORDA, Shoosmiths, and HEUKING have successfully advised on the majority acquisition of Intact GmbH, a leading provider of end-to-end auditing workflow software, by Rothschild & Co's private equity arm, Five Arrows and CGE Partners. This transaction marks Five Arrows' inaugural investment in Austria.

 

Intact specializes in digitizing complex certification workflows, enabling clients to manage operations from audit planning to execution, certification release, and invoicing through a modular Software as a Service (SaaS) platform. The company's solutions enhance efficiency and accuracy, replacing traditional methods such as pen and paper or Excel spreadsheets.

 

The existing management team, led by co-founder and CEO Thomas Lorber, along with the previous majority shareholder, IMCap Partners, will retain stakes in the company. The financial terms of the deal remain undisclosed.

 

DORDA's Digital Industries Group, led by M&A-partner Christian Ritschka as well as principal associates Georg Durstberger (Corporate) and Ulrich Weinstich (M&A), successfully advised as Austrian local counsel on all legal aspects of the transaction in Austria. Main counsel was the British law firm Shoosmiths, while HEUKING advised Five Arrows in Germany.

 

The Shoosmiths deal team was led by corporate partners Amit Nayyar, Elizabeth Ward, Claire Checketts and Holly Hirst, alongside support from legal director Toby Richards-Carpenter,  senior associates Adam Frost and Brodie Thomson and associate Bruce Fitzpatrick.

 

Thomas Lorber expressed enthusiasm about the partnership, stating, "We are excited to welcome both Five Arrows and CGE Partners as investors in Intact. With their strong track records in driving growth and scaling innovative technology companies, we are confident this partnership will propel us forward. Together, we will continue to strengthen our capabilities, investing strategically in our product, service, and international expansion, delivering even greater value to our clients, employees, and stakeholders globally."

 

This collaboration underscores the strength and expertise of WSG member firms in facilitating significant international transactions within the technology sector.

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