DLA Piper has advised the US Private Equity Fund Public Pension Capital (PPC Enterprises) and its portfolio company group Hospitality Tech Holding on the acquisition of all shares in Serenata IntraWare GmbH, a global provider of e-marketing and tailor-made customer relationship management (CRM) solutions for the hotel industry. Founded in 1996, Serenata has developed into a leading service provider in hospitality technology, serving customers all around the world.

Hospitality Tech Holdings LLC operates as the acquisition vehicle for PPC Enterprises, a middle-market private equity fund that invests in a select group of industries, including business and industrial services. Founded as a unique partnership between leading US state pension funds and other long-term investors, PPC Enterprises is one of the first of its kind to invest on the German market. The acquisition of Serenata IntraWare GmbH is PPC's first transaction in Germany and the start of further acquisitions in the DACH region.

The international DLA Piper team was led by partner Florian Hirschmann and senior associate Silvio McMiken and included associate Tobias Schulz (all Corporate, Munich), partner Dr Thilo von Bodungen, senior associate Olga Blaszczyk and associate Kristin Herrmann (all Commercial, Munich), partner Dr Jan Meents, counsel Sylvia Ebersberger and associates Wiebke Jacob and Fabian Hafenbrädl (all IPT, Munich), partner Pascal Kremp and associate Thomas Wiedmann (both Employment, Munich), partner Claus Jochimsen-von Gfug and counsel Dr Christoph Imschweiler (both Tax, Munich),  partner Dr Marco Arteaga, counsel Dr Annekatrin Veit and associate Georg Haberkorn (both Pensions, Munich) and counsel Carlos Robles y Zepf (Corporate, Frankfurt) as well as partner Catherine Pogorzelski, senior associates Ambroise Foerster and Nicolas Marchand and associate Isabelle Bertels (all Corporate, Luxembourg), partner Matt Oshinsky, associate Elena Nrtina (both Corporate, Palo Alto) and associate Michael Greenberg (Tax, Palo Alto).