Bryan Cave’s Frankfurt Managing Partner Dr. Tobias Fenck commented July 11 on the prospects and challenges of buy-and-build transactions in an interview with Financial YearBook-News. Buy-and-build transactions have become a more frequent occurrence, especially in the mid-cap sector, Fenck told the publication. The challenge in add-on acquisitions is to keep the target – often small companies – in the boat during the due diligence process. It is important for advisers to understand mid cap (Mittelstand) companies. Fenck especially noted the growing importance of technology in private equity transactions, including in automation, collaboration, due diligence and workflow management. Bryan Cave has developed in-house the proprietary technology CrossLite, which can be customized to perform tasks such as the tracking and surfacing of status updates on individual matters, contracts and insurance claims, as well as facilitating due diligence review.  Fenck also noted BCXponent, Bryan Cave’s newly created division that consults with corporate law departments to achieve increased efficiencies, and TechX, an internal group of attorneys and allied professionals with the purpose of increasing technological awareness and thought leadership. FYB is one of the leading publications in the field of private equity and corporate finance in Germany. Click here to read the interview (in German).

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