18.02.2021

Successful exit: Luther advises founder on sale to SaaS.group

Stuttgart – The American SaaS.group LLC takes over Stuttgart-based fournova Software GmbH. A team from Luther Rechtsanwaltsgesellschaft provided legal advice to the founder during the transaction.

Background

fournova Software GmbH is behind the product Git Tower, a Git user interface for Mac and Windows that stands out from other products in the market due to its user-friendliness and efficiency. Git Tower is used by over 100,000 users worldwide, including Amazon, Microsoft, IBM, SAP, Uber, Walt Disney or Amnesty International, for version management of files.

SaaS.group LLC, headquartered in Nevada, is a conglomerate of SaaS businesses that receives entrepreneurial and product support from experienced industry veterans (among others, founders of the companies Ecosia or Adblock Plus are behind the project). SaaS.group is open to all types of involvement, from a simple investment to the acquisition of a majority stake with the founding team staying on board up to the complete takeover of companies.

On behalf of the shareholder of fournova Software GmbH:

Luther, Corporate/M&A: Dr Thomas Kuhnle (Partner, Lead), Michael Ströbel (Senior Associate)