Dechert Advises JTL on Investment from Hg

Dechert LLP advised JTL-Software-GmbH (JTL), a leading ERP software provider specializing in e-commerce enablement solutions for SMEs across Germany, on an investment from Hg, a leading investor in European and transatlantic software and services businesses, to support JTL in the next phase of its growth journey.

Based in Hückelhoven, Germany, and co-founded in 2008 by two brothers, JTL provides ERP software solutions enabling businesses to sell products online and offline. The product suite is the backbone merchants' operations and automates their mission-critical daily workflows, ranging from managing distribution channels, order entry and warehouse management all the way to fulfillment. Today,  JTL serves around 50,000 German SMEs with a vibrant and unique user community and achieves strong customer advocacy and retention rates. 

Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. Hg has 400 employees and US$65 billion in funds under management to support a portfolio of more than 50 businesses, worth over US$135 billion aggregate enterprise value, with over 100,000 employees, consistently growing revenues at more than 20 percent annually.

The terms of the transaction are not disclosed.

The Munich-based Dechert team was led by private equity partner Dominik Stühler and included corporate partners Dr. Kai Terstiege and Giovanni Russo, corporate counsel Christian Böhme and Tobias Hugo and corporate associates Adriana Worms, Dr. Philipp Schöfer, Georg Littmann and Anna Ziegler. The team also included Brussels/Frankfurt-based antitrust partner Clemens Graf York von Wartenburg and associate Thirith von Döhren.

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About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our 1,000+ lawyers across 21 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.