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YPOG advises CIBC on financing of VEDA Group

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Hamburg, May 2024 – YPOG advised the Canadian Imperial Bank of Commerce (CIBC) on the €17 million financing of VEDA Group. The VEDA Group had recently been acquired by Investcorp Technology Partners.

VEDA is an industry-leading provider of HR software and Payroll-as-a-Service based in Alsdorf (Germany). Founded in 1977, the company intends to use CIBC's financing to strengthen its market position in the DACH region and expand into other international markets such as Benelux, the UK and the Nordics, while pursuing its buy-and-build strategy with a focus on payroll software companies and payroll services.

The team led by Matthias Kresser has advised CIBC Innovation Banking already on a number of loan financings of this and similar types.

Team

Matthias Kresser (Lead, Transactions), Partner, Berlin/Hamburg
Jan Stammler (Transactions), Associate, Berlin/Hamburg

About CIBC Innovation Banking

CIBC Innovation Banking provides strategic advice, cash management and financing to innovative companies in North America, the UK and select European countries at every stage of their business cycle, from start-up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that spans CIBC's Commercial Banking, Private Banking, Wealth Management and Capital Markets businesses.

 

Download Press Release: YPOG advises CIBC Innovation on financing of VEDA Group

About us

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

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