ADVANT Beiten and RSP Advised on the Sale of the Hedwell Group to SAP Fioneer GmbH

Munich, 20 September 2022 – The international law firm ADVANT Beiten, together with the Serbian law firm Radovanović Stojanović & Partner (RSP), has acted as lead advisor to the shareholders of the Hedwell Group Germany on the sale of the company to SAP Fioneer GmbH. The parties agreed not to disclose the transaction volume.

Hedwell, headquartered in Germany, is an international consulting and software development company that supports insurance groups and companies primarily in the financial services industry with their digital and business transformation. Hedwell was founded in Munich in June 2020 and has since opened offices in Serbia, Singapore and India.

SAP Fioneer emerged from SAP, one of the market leaders in company application software, and is also headquartered in Germany, in Walldorf/Baden-Württemberg. With a global network, SAP Fioneer operates in 14 countries in Europe, North and Latin America, the Middle East and the Asia-Pacific region.

RSP advised on the Serbian aspects of the transaction.

Advisors to the Hedwell Group:

ADVANT Beiten: Dr Mario Weichel (lead partner/Corporate M&A/Munich), Dr Markus Ley (Corporate M&A/Munich).

RSP: Saša Stojanović, Nikola Cincović, Đorđe Vićić, Luka Radojević, Živko Kovačević, Irina Petrović.

Media Contact

Frauke Reuther

Manager Kommunikation

ADVANT Beiten

Tel.: +49 (69) 75 60 95 - 570

Mail: Frauke.Reuther@advant-beiten.com

Dr Mario Weichel

Rechtsanwalt

ADVANT Beiten

Tel.: +49 (89) 35065 - 1301

Mail: Mario.Weichel@advant-beiten.com