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YPOG advises CIBC on financing of VEDA Group

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Hamburg, May 2024 – YPOG advised the Canadian Imperial Bank of Commerce (CIBC) on the €17 million financing of VEDA Group. The VEDA Group had recently been acquired by Investcorp Technology Partners.

VEDA is an industry-leading provider of HR software and Payroll-as-a-Service based in Alsdorf (Germany). Founded in 1977, the company intends to use CIBC's financing to strengthen its market position in the DACH region and expand into other international markets such as Benelux, the UK and the Nordics, while pursuing its buy-and-build strategy with a focus on payroll software companies and payroll services.

The team led by Matthias Kresser has advised CIBC Innovation Banking already on a number of loan financings of this and similar types.

Team

Matthias Kresser (Lead, Transactions), Partner, Berlin/Hamburg
Jan Stammler (Transactions), Associate, Berlin/Hamburg

About CIBC Innovation Banking

CIBC Innovation Banking provides strategic advice, cash management and financing to innovative companies in North America, the UK and select European countries at every stage of their business cycle, from start-up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that spans CIBC's Commercial Banking, Private Banking, Wealth Management and Capital Markets businesses.

 

Download Press Release: YPOG advises CIBC Innovation on financing of VEDA Group

About us

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

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