Milbank LLP has provided legal counsel to German Equity Partners V (GEP V) in the sale of its stake in DATAPART Factoring GmbH to IK Partners. GEP V is managed by ECM Equity Capital Management GmbH, an independent German investment firm.
DATAPART, established in 1994 and based in Ludwigsburg, Germany, offers business process outsourcing solutions. Its services include billing, payment processing, administrative workflows, and liquidity management. The company is known for its software-driven solutions tailored to specific industries and has significant experience in the German driving school market.
ECM has been supporting mid-sized enterprises and entrepreneurs in German-speaking Europe since 1994. The firm has raised five private equity funds with total commitments exceeding EUR 1 billion. Currently, ECM is investing from the GEP V fund which amounts to EUR 325 million. Their investment strategy focuses on leading mid-market companies through succession solutions, partnership models, and corporate carve-outs.
IK Partners is a European private equity firm investing across Benelux, DACH, France, Nordics, and the United Kingdom regions. Since its founding in 1989, IK has raised over EUR 19 billion and invested in more than 200 companies across Europe.
The Milbank team involved in this transaction included specialists from Corporate/M&A, Tax, Finance, and Antitrust sectors.
