SAP SE plans to acquire Concur Technologies Inc., a leader in the market for travel and expense (T&E) management software. SAP is financing the acquisition through a credit facility agreement in an amount of up to EUR 7 bn arranged by Deutsche Bank to cover the purchase price, target debt refinancing and acquisition-related costs. The transaction is subject to Concur stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions. It is expected to be closed in the fourth quarter of 2014 or the first quarter 2015.
Hengeler Mueller advised Deutsche Bank on the transaction. The Hengeler Mueller team included partner Thomas O. Cron as well as associate Andreas Lischka (both Financing, Frankfurt).
