Global investment firm Carlyle has completed its voluntary public cash takeover offer for all outstanding shares of SNP Schneider-Neureither & Partner SE, creating a strategic partnership in support of SNP’s long-term growth.
Equity for the investment was provided by Carlyle Europe Partners V (CEP V), a €6.4bn fund investing in European opportunities across a range of sectors and industries.
Founded in 1994 and based in Heidelberg, Germany, SNP is a leading global provider of software and consulting services for digital transformation, automated data migration, and data management with a focus on the SAP ecosystem.
It works with more than 3,000 global customers of all sizes and in all industries, including 20 of the DAX 40 and over 100 of the Fortune 500. SNP partners with 17 out of the Top 20 SAP System Integrators to enable SAP transformations and business agility. The company has more than 1,500 employees worldwide at over 35 locations in 20 countries.
Carlyle will aim to support SNP’s continued growth journey together with management to drive further international expansion, optimise its product strategy, and explore inorganic growth opportunities.
The deal marks the second public-to-private transaction executed by Carlyle in Germany in recent years.
