Berlin – While working at SMP, members of the YPOG team advised IDnow on the acquisition of identity Trust Management, a provider of identification solutions based in Düsseldorf, Germany. The acquisition enables IDnow to expand into new industries and to extend its product portfolio. IDnow will take over identity Trust Management AG's location in Düsseldorf as well as its employees. The parties agreed not to disclose the purchase price or further details of the transaction. IDnow was again comprehensively advised on legal and tax matters by a team led by partner Benjamin Ullrich. The firm's lawyers already assisted IDnow in the last financing round with the participation of Corsair Capital as well as in the acquisition of Wirecard Communication Services.
"We are pleased that after the latest financing round with the participation of Corsair Capital and the acquisition of Wirecard Communications Services last year, we IDnow entrusted us, as legal and tax advisors, with this strategically important transaction," says partner Benjamin Ullrich
IDnow
IDnow is a leading identity verification platform in Europe with a vision to make the connected world a safer place. The IDnow platform offers a broad portfolio of identity verification solutions, from automated to human-assisted, from purely online to point-of-sale - each optimized for conversion rates and security. The company has offices in Germany, the UK and France and is backed by prominent institutional investors, including Corsair Capital and Seventure Partners.
identity Trust Management
IDnow is a leading identity verification platform in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted, from purely online to point-of-sale – each of them optimized for user conversion rates and security. The company has offices in Germany, the United Kingdom and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners.
Advisors IDnow:
Dr. Benjamin Ullrich (Lead, Corporate/ M&A), Partner
Dr. Malte Bergmann (Tax), Partner
Dr. Sebastian Schödel (Stock Corporation Law), Associated Partner
Dr. Adrian Haase (Corporate/ M&A), Senior Associate
Ann-Kristin Lochmann (Tax), Senior Associate
Christiane Schnitzler (Corporate), Associate
Dr. Christoph Lüttenberg (Stock Corporation Law), Associate
Advisors IDnow (Labor Law): Pusch Wahlig Workplace Law
Thomas Wahlig, Partner
Sabine Jantzen, Managing Associate
Advisors IDnow (IP/IT/Data Protection): KNPZ
Dr. Kai Plath, Partner
Jan Schäfer, Associate
Matthias Struck, Associate
Enno ter Hazeborg, Associate
YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
