King & Wood Mallesons has advised Fiducia & GAD IT AG (Fiducia & GAD) on the sale of another participation of ELAXY Group to Consileon Business Consultancy GmbH (Consileon) and Ajco Solutions GmbH (Ajco).

From 31 January 2015, 100 percent of shares in ELAXY Format GmbH (ELAXY Format) will go over to Consileon and Ajco.

Fiducia & GAD is an IT service provider for the German Volks- and Raiffeisenbanken. With its administrative headquarters in Karlsruhe and Münster as well as subsidiaries in Munich, Frankfurt and Berlin, it currently employs approximately 5,600 individuals.

ELAXY is a leading provider of software & PC centre services offering tailor-made solutions to banks, insurance companies and financial institutions. The ELAXY Group comprises three companies, namely ELAXY Financial Software & Solutions with interactive digital consultation solutions, ELAXY Business Solution & Services with a focus on banking, brokerage and PC centre services, and ELAXY Format as a provider of commission accounting systems. Located in Coburg, Puchheim, Jever and Frankfurt/Oder the group employs approximately 240 individuals.

The KWM Team looks back on a well-established relationship with Fiducia & GAD and most recently advised the client on the sale of group shares of ELAXY Financial Software & Solutions und ELAXY Business Solution & Services.

This current transaction was also led by partner Michael Cziesla. Further practice areas such as IP/IT, tax and competition provided additional expertise.

Advisors to Fiducia & GAD IT AG
King & Wood Mallesons, Germany
Corporate/M&A
* Michael Cziesla (lead partner), Christian Ostermöller (associate, both Frankfurt)
IP/IT
* Manuela Finger (partner), Timo Conraths (associate, both Frankfurt)
Tax
* Markus Hill (partner, Frankfurt)
EU/Competition
* Tilman Siebert (partner, Munich)