GLNS has advised mid-market investor Afinum Achte Beteiligungsgesellschaft mbH & Co. KG on the acquisition of Munich based FAST LTA AG from its shareholders.
FAST LTA is a leading manufacturer of highly secure secondary storage for archiving and backup of data. The certified solutions of FAST LTA allow long-term, secure and simplified archiving. More than 2,000 customers in the healthcare, public administration and other sectors rely on FAST LTA’s storage solutions to comply with regulatory requirements and prevent data loss.
For almost twenty years Afinum has been investing in mid-market companies in the German speaking region. The acquisition of FAST LTA represents the seventh platform investment of Afinum Achte Beteiligungsgesellschaft mbH & Co. KG, which is advised by Afinum Management GmbH.
GLNS acted for Afinum with Partners Ludger Schult (Private Equity/M&A), Anselm Lenhard (Banking/Finance), Andreas Scheidle (Tax), Tobias Nikoleyczik and Bernd Graßl (both Corporate) as well as Counsel Daniel Epe, Senior Associate Ferdinand Graf von Spreti and Associate Eva-Maria Bayer (all M&A). Lubberger Lehment (Munich) supported the GLNS team with Partner Benjamin Koch and Senior Associate Philip Schmitz (both IP/IT).
The seller was advised by a team of Orrick (Munich) led by Partner Christoph Brenner.