Hg agrees the sale of STP to Bregal Unternehmerkapital

Together Hg and management have strengthened STP’s position as a leading legal tech provider, empowering the digitisation of insolvency and legal practitioners

Hg, Europe’s leading software investor, today announces that it has agreed the sale of STP, a leading DACH-based provider of legal tech solutions, to Bregal Unternehmerkapital, part of a multi-generational family-owned business that specialises in majority and minority holdings in the DACH region. The terms of the transaction were not disclosed. The transaction is subject to customary anti-trust approvals and closing is expected later this year.

Founded in 1993 and headquartered in Karlsruhe, Germany, STP is a leading one-stop shop solution provider, empowering the digitisation of insolvency and legal practitioners. It provides a fully integrated legal tech platform comprising workflow automation, ERP software, specialist technical outsourcing and data businesses. STP’s solutions are deeply embedded in the insolvency ecosystem and commercial law segment, with a dedicated full-suite offering. The business employs around 200 people, serving over 1,800 customers with critical software and services for their daily workflow.

Hg first invested in STP in 2016, together with founder Gunther Thies, having done significant work across the legal technology sector. Hg recognised the business as a strong and unique platform, selling mission-critical software and services to a high number of loyal customers in the legal space. Since then Hg has worked with the STP team and helped strengthen the business’ position in legal tech in DACH.

“STP has significantly benefited from Hg’s support over the last four years, leveraging the knowledge they have in the software and legal tech space, whilst also benefitting from valuable best-practice sharing that is promoted across Hg’s network and over 30 tech portfolio businesses. We are very excited about our new partnership with Bregal Unternehmerkapital and together plan an acceleration of new product and service introductions to help our customers drive efficiency at the workplace.” – Uwe Richter, CEO at STP

“Today STP is in a great position, owed to the hard work of our team, our brilliant employees and strategic partners. Together with Hg we have significantly professionalised the business, overseen a number of accretive acquisitions and driven strategic growth across the business. I remain fully committed to the business and look forward to investing further into our product suite and unparalleled customer experience together with our chosen partner Bregal Unternehmerkapital.” – Gunther Thies, Founder of STP

“Bregal is excited about its partnership with STP which is another example of our strategy to provide entrepreneurial expertise as well as access to our network of industry experts to help management teams achieve their long term, sustainable growth goals. We are looking forward to working together with the whole team at STP, including the founder Gunther Thies, as well as our valuable customers including some of the most successful insolvency administrators and law firm professionals to bring new, exciting products to market.” – Florian Schick, Managing Partner at Bregal Unternehmerkapital

“We are happy to have been able to support STP on its growth journey and help strengthen its position as go-to legal tech provider, with decades of expertise and best-in-class software and solutions. It has been a real privilege to work with Gunther, Uwe, Frank, Harald and the team. We are delighted to leave the business in such capable hands for future growth.” – Stefan Margolis, Partner at Hg

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