Carey Olsen’s corporate team in Jersey has advised Swiss mid-market private equity firm Capvis on the Jersey corporate and financing aspects of the acquisition by Capvis Equity V LP of a majority stake in BSI Business Systems Integration AG (BSI), a leading customer relationship management (CRM) software solution provider.
BSI was founded in Switzerland in 1996 and currently employs more than 320 people at its sites at Baar, Baden, Bern, Darmstadt, Düsseldorf, Hamburg, Munich and Zurich. In addition to CRM and marketing automation platforms, BSI also provides software solutions for life sciences to an international clientele. As part of the deal, the existing founders, management team and staff will all remain with BSI.
The Carey Olsen team was led by partner Daniel O’Connor with assistance from senior associate Arindam Madhuryya and associate Jordan Zubeidi. The firm advised on all Jersey elements of the transaction, as well as providing strategic input into the structuring of the deal.
Daniel said: “We are delighted to have supported our long-standing client Capvis on its latest acquisition of a business poised for international growth. BSI enjoyed a record year in 2019 and an excellent first half-year in 2020 and we look forward to watching Capvis help it grow even further.”
Capvis Equity V LP is the latest and largest Capvis flagship fund to have been established in Jersey, closing in 2018 having raised just below €1.2 billion, comfortably exceeding its €1 billion target and the €0.7 billion raised by Capvis Equity IV LP.