GBTEC Software + Consulting AG, a software company based in Germany specializing in digital transformation and business process management and backed by software investor Main Capital Partners, has expanded its offerings in the area of governance, risk and compliance (GRC) through the acquisition of all shares in avedos GRC GmbH, a provider of GRC products, and in this way continues to focus on growth in spite of the crisis caused by the COVID-19 pandemic.

The shares in avedos were acquired through direct and indirect share purchases and by means of a contribution by Samuel Brandstätter – the founder, managing director and shareholder of avedos – who took equity in GBTEC as part payment for the sale of his stake in avedos. This rollover underscores Brandstätter's continued commitment to avedos and his belief that their mutual future is promising.

Despite the extremely difficult circumstances resulting from the COVID-19 pandemic, the transaction was carried out in the space of just a few weeks and has been made possible by teams of attorneys at CERHA HEMPEL in Austria and Deloitte Legal in Germany, all of whom were working from home.

The team at CERHA HEMPEL advising on the transaction included:
Dr. Albert Birkner, LL.M. (Lead Counsel, Partner, Corporate), Mag. Martin Eichinger (Senior Associate, Corporate), Jakob Weber, LL.M. (Associate, Corporate), Dr. Katharina Majchrzak (Counsel, IP), Dr. Franziska Paefgen, LL.M. (Senior Associate, IT & Privacy) and Ing. Mag. Boris Treml, LL.M. (Associate, IT & Privacy).

The team at Deloitte Legal included:
Felix Felleisen (Partner, Dutch Desk, Corporate | M&A, Dusseldorf, Lead), Max Lüerßen (Counsel, Corporate | M&A, Dusseldorf, Co-Lead).

With offices in Austria, Belarus, Bulgaria, Czech Republic, Hungary, Romania and Slovakia, CERHA HEMPEL is one of Austria's largest and most renowned law firms. For more than nine decades, CERHA HEMPEL has been developing creative and groundbreaking solutions for its clients, as well as providing them with a personal service and expertise in the following areas: antitrust and competition, banking and finance, capital markets, corporate law, data protection and IT, distribution, employment law, insolvency and restructuring, IP and unfair competition, litigation and arbitration, mergers and acquisitions, private clients and trusts, private equity and

Vienna, May 2020
venture capital, public commercial and European law, real estate and construction, tax law, and white collar

CERHA HEMPEL has won numerous awards and in 2019 it was named "Austrian Law Firm of the Year" by
JUVE. Furthermore, CERHA HEMPEL is a member of Lex Mundi – The World’s Leading Association of
Independent Law Firms – and demonstrates its commitment to the arts as a corporate partner of the Albertina.


Deloitte is a provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related
services for companies and institutions in all sectors of the economy; legal advice in Germany is provided by
Deloitte Legal. With a global network of member firms and related entities in more than 150 countries, Deloitte
combines outstanding competence with first-class service and supports clients in solving complex commercial
challenges. Making an impact that matters – for approximately 312,000 employees of Deloitte, this is
simultaneously a joint model and an individual approach.
Deloitte Legal refers to the legal practices of the member firms of Deloitte Touche Tohmatsu Limited, its related
entities or partner firms that provide legal services. Deloitte refers to Deloitte Touche Tohmatsu Limited
("DTTL"), a "private company limited by guarantee" (duly established under UK law), its network of member
firms, and their related entities. DTTL and each of its member firms are legally separate and independent
entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients itself. You can find a
detailed description of DTTL and its member firms at