SimCorp Acquires APL Italiana
Baker McKenzie has assisted SimCorp, a leading provider of investment management software solutions for the world's leading financial organizations and listed on the Copenhagen Stock Exchange, on its acquisition of the whole share capital of APL Italiana S.p.A., for a total amount of EUR 35 million, of which EUR 10 million will be paid in SimCorp shares.
APL Italiana is a leading service provider of investment and asset management software for the Italian Insurance market. The company is headquartered in Milan and has approximately 120 employees.
The acquisition will be effective from 1 July 2017 while the closing is expected on 1 August 2017.
Baker McKenzie assisted SimCorp with a team led by Partner Lorenzo de Martinis, supported by Counsel Chiara Marinozzi and Senior Associate Eleonora Melato.
The seller was assisted by the lawyer Gabriele Cartella from Studio Legale Cartella Manzoni.