DLA Piper and CMS Advise on Cloudflight’s Acquisition of Divante
Jan 5, 2022
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DLA Piper has advised Cloudflight on the acquisition of Polish e-commerce services provider Divante. CMS advised Divante's shareholders, including majority investor OEX and founders Tomasz Karwatka and Piotr Karwatka. According to CMS, "the initial price for the purchased stake will amount to over PLN 175 million with the possibility to increase the price based on the agreed earn-out depending on the financial results for 2021 up to the maximum amount of PLN 260 million." Deutsche Beteiligungs portfolio company Cloudflight is a European software development company and AI solutions provider. Headquartered in Poland, Divante operates in the e-commerce and e-marketing sectors. "By joining forces with Divante, Cloudflight is significantly augmenting its e-commerce capabilities and expanding its holistic offer along the digital value chain," DLA Piper informed. "Just like Cloudflight, Divante stands for a healthy growth strategy and offers its tailor-made solutions using the latest technologies, including open-source ones." The DLA Piper team was led by Counsel Piotr Miller and included Partners Jakub Marcinkowski, Bartosz Matusik, and Agnieszka Lechman-Filipiak, Counsels Pawel Chodzinski and Michal Synowiec, Senior Associates Michal Banasiak, Olga Lesniewska, Michal Sowinski, and Malgorzata Krok, Junior Associate Magdalena Zajecka, and Trainees Katarzyna Gurak, Konrad Nazarowski, and Agnieszka Tarasiuk. The CMS team was led by Partner Blazej Zagorski and included Senior Associates Grzegorz Paczek, Katarzyna Grodziewicz, Magdalena Zmyslowska, Rafal Burda, Maciej Olejnik and Damian Karwala, Attorney-at-Law Dariusz Greszta, and Lawyers Natalia Szurnicka, Mateusz Mazur, and Aleksandra Dalecka.