backKing & Spalding advises on German-French acquisition in AI-based SaaS sector.
French company Sidetrade SA – a provider of a fully cloud-based SaaS platform that uses AI to digitize and automate financial processes in the order-to-cash sector – has acquired all remaining shares in SHS Viveon AG in Germany at a price of EUR 3.05 through a German SPV by way of a squeeze-out under German conversion law. The necessary stake of over 90% was built up over a period of 1.5 years by approaching individual shareholders, submitting a takeover bid, and various other measures.
In the spring of this year, SHS Viveon AG carried out a capital increase, in which Sidetrade SA strengthened the company's capital base by subscribing to shares. At the 2025 Annual General Meeting, the shareholders approved the previously concluded merger agreement. No legal challenges were brought against the Annual General Meeting.
King & Spalding provided comprehensive advice on the above-mentioned measures. The team included Dr. Peter Memminger, Dr. Peter Stainer, Benjamin Koepple.