Hogan Lovells has assisted Axway in connection with its entering into exclusive negotiations with Systar’s controlling shareholders for the acquisition of a block of shares representing 61 per cent of Systar’s capital for a total price of €34.3m (£28m).
Axway governs data flow, while Systar is a provider of performance management software.
The closing of the acquisition of control of Systar will lead to the filing of a simplified tender offer for the remaining Systar shares, in accordance with applicable regulations. The entire operation should be finalised in June.
The Hogan Lovells team in charge of this transaction consisted of partners Jean-Marc Franceschi and Xavier Doumen from the corporate team. Gide assisted the sellers with partner Anne Tolila, who worked with Paul Jourdan-Nayrac.