Ashurst advised Joh. Berenberg, Gossler & Co. KG (Berenberg) on the successful capital increase of SNP Schneider-Neureither & Partner AG (SNP) from authorized capital by up to 10% minus one share, raising gross proceeds of €18.74 million.

The net proceeds from the capital increase will be largely used as part of the company's inorganic growth strategy to finance the acquisitions of three South American SAP consultancy firms.

The Ashurst team was led by corporate finance partner Matthias von Oppen, assisted by senior associate Dr Ian M. Maywald (corporate finance, both Frankfurt) and senior associate Jeffrey Johnson (US Securities Law, London).

Ashurst regularly acts for Berenberg in relation to corporate finance topics.

SNP helps companies to consolidate their IT landscapes and to adapt to new general conditions quickly and economically. In 2016, the company generated revenues of around €81 million with more than 1,000 employees worldwide. SNP's shares are listed in the Prime Standard of the Frankfurt Stock Exchange.