Noerr acts as international lead counsel for Embvest on the sale of iSYSTEM Group to FSN Capital


A Noerr team led by Florian Becker (London), Elmar Bindl (Munich) and Jan-Philipp Meier (Hamburg) has advised Embvest Ltd. on the sale of iSYSTEM Group. The purchaser are funds advised by FSN Capital through their portfolio company TASKING.

Noerr provided the seller with comprehensive advice in this transaction in the area of high technology and software development. The transaction was structured as a competitive auction process, with a significant part of Noerr’s work covering the complex international tax structuring of the deal involving Ireland, Italy, Slovenia and the United States together with local tax counsel. Closing of the transaction is subject to customary public approvals. The transaction volume is confidential.

iSYSTEM develops and manufactures embedded software development tools ranging from simple debuggers to advanced software analysis tools with over five locations in Europe and the United States.

Advisor to Seller: Noerr Partnerschaftsgesellschaft mbB

Joint Team lead: Florian Becker (Partner, M&A, London), Elmar Bindl (Partner, Tax, Munich), Jan-Philipp Meier (Associated Partner, Hamburg)

M&A: Dr. Christian Haagen (Associate, Munich)

Tax: Dr. Sebastian Leidel (Senior Associate), Steffen Arlich (Senior Associate), Nico Rosenfelder (Associate, all Munich)

Antitrust & Competition: Dr. Till Steinvorth (Partner, Hamburg),

Employment & Pensions: Dr. Benjamin Jahn (Partner, Munich).