Berlin – While working at SMP, members of the YPOG team advised IDnow on the acquisition of identity Trust Management, a provider of identification solutions based in Düsseldorf, Germany. The acquisition enables IDnow to expand into new industries and to extend its product portfolio. IDnow will take over identity Trust Management AG's location in Düsseldorf as well as its employees. The parties agreed not to disclose the purchase price or further details of the transaction. IDnow was again comprehensively advised on legal and tax matters by a team led by partner Benjamin Ullrich. The firm's lawyers already assisted IDnow in the last financing round with the participation of Corsair Capital as well as in the acquisition of Wirecard Communication Services.
"We are pleased that after the latest financing round with the participation of Corsair Capital and the acquisition of Wirecard Communications Services last year, we IDnow entrusted us, as legal and tax advisors, with this strategically important transaction," says partner Benjamin Ullrich
IDnow
IDnow is a leading identity verification platform in Europe with a vision to make the connected world a safer place. The IDnow platform offers a broad portfolio of identity verification solutions, from automated to human-assisted, from purely online to point-of-sale - each optimized for conversion rates and security. The company has offices in Germany, the UK and France and is backed by prominent institutional investors, including Corsair Capital and Seventure Partners.
identity Trust Management
IDnow is a leading identity verification platform in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted, from purely online to point-of-sale – each of them optimized for user conversion rates and security. The company has offices in Germany, the United Kingdom and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners.
Advisors IDnow:
Dr. Benjamin Ullrich (Lead, Corporate/ M&A), Partner
Dr. Malte Bergmann (Tax), Partner
Dr. Sebastian Schödel (Stock Corporation Law), Associated Partner
Dr. Adrian Haase (Corporate/ M&A), Senior Associate
Ann-Kristin Lochmann (Tax), Senior Associate
Christiane Schnitzler (Corporate), Associate
Dr. Christoph Lüttenberg (Stock Corporation Law), Associate
Advisors IDnow (Labor Law): Pusch Wahlig Workplace Law
Thomas Wahlig, Partner
Sabine Jantzen, Managing Associate
Advisors IDnow (IP/IT/Data Protection): KNPZ
Dr. Kai Plath, Partner
Jan Schäfer, Associate
Matthias Struck, Associate
Enno ter Hazeborg, Associate
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
