SKW Schwarz advised the shareholders of German-based SAE GmbH on the sale of a majority stake in the company to Main Capital Partners-backed Xait, a global provider of document collaboration and proposal software.
With this first add-on acquisition since the start of its partnership with Main Capital, Xait is strengthening its position within the CPQ segment.
Based in Weng, Germany, SAE provides a modular CPQ and variant management platform that enables manufacturers of complex, highly configurable products to automate configuration, pricing and quotation processes. The platform is primarily used by industrial and manufacturing companies especially in the machinery, plant engineering, industrial equipment and automotive-related industries.
Xait, headquartered in Stavanger, Norway, is a global provider of software for collaborative document editing and quotation preparation. The company serves more than 300 clients, primarily in the renewable energy, capital goods and business services sectors.
The SKW Schwarz team was led by partner Marion Anzinger and included partners Dr Stephan Morsch (both Corporate/M&A), Dr Daniel Meßmer (IT), Alexander Möller (Employment), Dr Stefan Peintinger (Data Protection) and Nicole Wolf-Thomann (Tax), counsel Eva Bonacker (M&A) and Niklas Bolten (Real Estate), as well as Raluca-Ramona Calin (Paralegal).
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