Orbit advises BID Equity on structuring of EUR 300m Continuation Fund.

BID Equity successfully closes EUR 300m Continuation Fund with leading international investor group.

BID Equity Group is a specialist in software and tech-enabled services in the lower mid-market. BID Equity Continuation Fund I was established to invest in everii Group and JustRelate Group – two strongly performing software platforms developed under BID Equity Fund II.

Five Arrows Secondary Opportunities (FASO) acts as Lead Investor, with StepStone Group as Co-Lead Investor, joined by a syndicate of international institutional investors.

Everii Group is a DACH market leader for PSA software. JustRelate is a pan-European customer engagement platform.

Orbit advised BID Equity as fund counsel on all legal, regulatory, and tax aspects.

Team‍

Dr. Christian Hillebrand (Lead, Partner), Michael Schnitker (Senior Fund Associate), Francesc Lloveras Calvo (Fund Associate), Simon Schachinger (Partner), and Marven Unewisse (Senior Fund Associate).

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About BID Equity

BID Equity specializes on investments in successful B2B software companies. Investment focus is the acquisition of majority shareholdings in the context of company successions and shareholder buy-outs of small to medium sized software companies in Europe and North America.

BID Equity pursues an active investment approach that focuses on scaling its investments through international acquisitions and organic professionalization. As an active partner, BID Equity partners with management teams to optimize product offerings, business models and processes. Visit the website for more information: BID Equity

About Orbit

Orbit offers client-centered legal advice in all areas of fund law and investments in alternative assets. Fund managers and investors rely on Orbit and its team of experienced fund advisors. Orbit covers structuring, regulatory, tax, investment advice, compliance, and fund due diligence as well as secondary transactions.

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