SAP has announced plans to acquire Fieldglass, a technology leader in cloud-based contingent workforce management. SAP is financing the acquisition partly from a syndicated facility arranged by Morgan Stanley. The transaction is subject to approval by the competent anti-trust authorities. It is expected to be closed in the second quarter of 2014.
Hengeler Mueller advised Morgan Stanley on the transaction. The Hengeler Mueller team included partner Thomas O. Cron as well as associate Daniela Böning (both Financing, both Frankfurt).
