Code & Co. conducted Vendor Tech & Product Due Diligence for BU ahead of the sale of its majority stake in stp.one, a leading provider of end-to-end legal tech solutions
Funds advised by BU Bregal Unternehmerkapital („BU“), the largest mid-cap investor headquartered in the DACH region, have signed an agreement to sell 100% of the shares in stp.one, a leading European provider of legal technology software, to Septeo, a leading provider of mission-critical software for regulated verticals. The combination of stp.one and Septeo creates Europe’s foremost legal-tech platform, backed by Hg.
Scope of Work
Code & Co. provided Tech & Product Due Diligence to Bregal Unternehmerkapital ahead of the sale of stp.one. The process included an assessment of stp.one’s legal tech product suite, comprising an evaluation of its architecture, cloud infrastructure, and technology stack, as well as its strategic platform consolidation and AI-driven innovation initiatives.
Code & Co. also examined the company’s engineering organization, agile development structure, and quality management system, along with its product roadmap, integration capabilities, and scalability.
About stp.one
stp.one, headquartered in Karlsruhe, is one of the leading providers of complete legal tech solutions in Europe, which drive the digitization of law firms, insolvency administrators and corporate legal & risk management departments. The company offers a fully integrated legal tech platform that includes workflow automation, AI-enabled document management, ERP software, data management, as well as specialized, software-assisted outsourcing services. Contract lifecycle, matter and knowledge management solutions are also part of the extensive portfolio, which is deeply embedded in legal advice, insolvency and commercial law ecosystems. stp.one employs over 400 people at 12 locations and provides more than 8,000 customers with software and relevant services for their daily workflow.
About BU
BU is a leading investment firm with offices in Zug, Munich, Milan and London. With €7.0bn in capital raised to date, BU is the largest mid-cap investor headquartered in the DACH region. The funds advised by BU invest in mid-sized companies based in Germany, Switzerland, Italy, and Austria. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and “hidden champions” with strong management teams and breakout potential. Since its founding in 2015, the funds advised by BU have invested over €3.5 billion in more than 150 companies with more than 29,000 employees. Thereby, more than 10,000 jobs have been created. BU supports entrepreneurs and families as a strategic partner to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind. For more information, please visit www.bu-partners.com or find them on LinkedIn.