YPOG advises Prior Labs shareholders on intended sale to SAP

YPOG has advised the shareholders in Prior Labs on the intended sale of the company to SAP (NYSE: SAP). SAP intends to acquire the provider of tabular foundation models to build a leading frontier AI lab for structured enterprise data in Europe.  

Prior Labs will continue to operate as an independent entity, with SAP committing to invest more than €1 billion over the next four years to scale it into a leading frontier AI lab for the structured data that runs the world’s businesses. Terms of the deal were not disclosed. The transaction is still pending regulatory approval and is expected to be completed in the second or third quarter of 2026.

Based in Freiburg, Prior Labs is a pioneer in the field of tabular foundation models with its TabPFN  platform, a new category of AI models developed specifically for structured enterprise data. The TabPFN model series developed by Prior Labs, which was published in “Nature” in 2025, has set the state of the art on tabular benchmarks in numerous independent studies and has established tabular foundation models as a distinct frontier category of AI. The company is developing a widely used open-source solution for tabular AI and has built an international team of AI researchers and practitioners.  

“This transaction brings together highly innovative tabular AI technology with a complex M&A transaction of international relevance,” says Dr. Tim Schlösser, partner at YPOG. “It is a testament to our firm’s ability to deliver on technology deals moving at an unprecedented speed” adds Dr. Benjamin Ullrich, partner at YPOG.

Commeo advised on antitrust matters and Pusch Wahlig Workplace Law on employment-related matters.

Team

Dr. Tim Schlösser (Co-Lead, Transactions), Partner, Berlin
Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin
Dr. Benedikt Flöter (IP/IT/Data Protection), Partner, Berlin
Jörg Schrade (Tax), Partner, Munich
Sjard Seeger (Transactions), Senior Associate, Berlin
Barbara Hasse (Transactions), Senior Associate, Berlin
Xinyi Qiu (Corporate), Senior Associate, Berlin
Konstantina Nathanail (IP/IT/Data Protection), Associate, Berlin 
Dr. Sebastian Schwarz (Tax), Partner, Berlin  
Carolin Raspé (Compliance), Partner, Munich  
Lutz Schreiber (IP/IT/Data Protection), Partner, Hamburg 
Dr. Oliver Junk (Transactions), Associated Partner, Cologne
Anna Eickmeier (IP/IT/Data Protection), Associated Partner, Berlin 
Maren Rau (Tax), Associated Partner, Hamburg  
Dr. Antonia Scheinbacher (Tax), Associated Partner, Munich
Emma Peters (Transactions), Associated Partner, Berlin 
Dr. Ferdinand Cadmus (Transactions), Associated Partner, Berlin/Hamburg 
Dr. Jacob Schreiber (Tax), Senior Associate, Munich
Dr. Florian Wittner (IP/IT/Data Protection), Associate, Hamburg 
Elmar Trautmann (Transactions), Associate, Berlin 
Charlotte Petrasch (IP/IT/Data Protection), Associate, Berlin 
Silke Ricken (Corporate), Associate, Berlin 
Laura Püschel (Compliance), Associate, Munich
Dr. Lea Ossmann-Magiera (IP/IT/Data Protection), Associate, Berlin 
Ferdinand Dannacker (Compliance), Associate, Hamburg 
Dr. Sarah Sostak (Corporate), Associate, Berlin

Commeo

Isabel Oest (Kartellrecht), Partner 
Julia Sagasser (Kartellrecht), Associate 

Pusch Wahlig Workplace Law 

Eckbert Müller (Employment Law), Partner  
Anne Broll (Employment Law), Associated Partner