PwC Legal and its partner network advises LeanIX on the acquisition of Cleanshelf, Inc.

March 29, 2021

Nuremberg/Berlin, 29th March 2021

A multinational team from PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) together with the US based partner firm Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has provided comprehensive legal advice to LeanIX GmbH (LeanIX) on the acquisition of US Software-as-a-Service (SaaS) management provider Cleanshelf, Inc. In this context, former Cleanshelf-investor Dawn Capital LLP becomes a new shareholder in LeanIX. With this acquisition, the Bonn based start-up LeanIX now offers IT management and IT teams suitable solutions in addition to its successful Enterprise Architecture Suite and Cloud Intelligence module to enable continuous transformation.

LeanIX was founded in 2012 by André Christ and offers SaaS-based applications in the fields of Enterprise Architecture (EA) and cloud governance to reduce complexity in IT application landscapes in companies and thus to accelerate their digital transformation. LeanIX now has 360 employees worldwide and works together with 450 international customers including well-known brands such as Adidas, Atlassian, Dropbox, DHL, Merck, Volkswagen, Vodafone and Zalando. More than 40 certified partners such as Deloitte, Cognizant and the PwC network rely on the dynamically growing IT company.

Cleanshelf is one of the leading enterprise SaaS management platforms focused on tracking, controlling, and benchmarking SaaS applications. The SOC 2-compliant and AI-powered technology helps companies save up to 30% on their SaaS spending by automatically identifying unmanaged contracts, duplicate licenses, and wasted cloud software subscriptions. Based in San Francisco, Cleanshelf provides an enterprise-grade solution to over a hundred clients, including Qumulo, Wodify, and CoStar Group.

Dawn Capital is one of the leading European early-stage venture funds that focuses on investing in the enterprise and B2B software and FinTech sectors.

Advisors to LeanIX GmbH:

PwC Legal (Nuremberg/Berlin):

Gerhard Wacker, Klara Körber (both lead), Janine Gerner-Yumusak (all Corporate/M&A)

PwC Legal (Slovenia):

Sanja Savič, (lead; Corporate/M&A)

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (Boston/USA):

Marc D. Mantell (lead), Scott Dunberg, Sally Gu (all Corporate/M&A)

Advisors to Dawn Capital LLP:

Taylor Wessing (Dusseldorf):

Maria Weiers, Dr. Marcel Leines, Daniel Mursa LL.M. (all Corporate/M&A)

Advisors to Cleanshelf, Inc.:

Goodwin Procter LLP:

Daniel Goldberg (lead) 

Financial Advisors to Cleanshelf, Inc.:

GP Bullhound:

Jonathan Cantwell (lead)

For additional information please contact:

Martin Krause
PwC Communications
Tel.: +49 (0)211 981 – 16 57
Email

About PwC Legal:

In today’s rapidly evolving marketplace, our clients are increasingly concerned with business collaborations, restructuring, mergers and acquisitions, financing and questions of social responsibility. They need legal security when dealing with such complex issues. That is why we work closely with PwC’s tax, human resources and finance experts and draw on the resources of our legal network in more than 100 countries to deliver comprehensive advice. Whether a global player, a public body or a wealthy individual, each client can rely on a personal account manager to address his or her specific legal needs. This dedication helps us ensure our clients’ long-term business success.

PwC Legal. More than 250 lawyers at 18 locations. Integrated legal advice for the real world.

 

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Contributors

Gerhard Wacker

Corporate/M&A

Tel: +49 911 94985-281

Klara Josefine Körber

Corporate/M&A

Tel: +49 911 94985-368