Osborne Clarke has advised Allgeier SE on the management buyout (MBO) together with AE BG Rho Holding GmbH. As part of the MBO, Allgeier SE sells the Austrian terna Holding GmbH together with its subsidiaries terna GmbH and terna Switzerland AG.

Allgeier is one of the leading IT service providers for business performance. The listed company works for global companies and medium-sized enterprises in a wide variety of sectors in Europe, India, Mexico and the US. The Allgeier group offers complete services from design to implementation and operation of IT systems.

Due to concentration of the business, the company decided to sell terna and focus on the production of software solutions and the provision of IT services. Both companies are open to future co-operation in the fields of ERP, CRM for medium-sized companies.

The Osborne Clarke team that advised on the acquisition was led by Philip Meichssner who was assisted by Dr Mark Friedrich (both Corporate, M&A). Osborne Clarke regularly advises Allgeier SE on daily operations and special projects.