October 8, 2020
GCA Altium advises LANDWEHR on its merger with BackOffice
GCA Altium has advised LANDWEHR Group, a leading provider of industry software for temporary staffing companies in Germany and Austria, on its merger with BackOffice AG.
Based in Basel, Switzerland, and founded in 1987, BackOffice AG supports temporary staffing companies with one of the leading industry solutions in Switzerland. With the merger, BackOffice AG will have the opportunity to offer a comprehensive and integrated software solution in which the entire process of a temporary staffing company is highly automated and dynamically mapped, from applicant management to payroll and accounting.
LANDWEHR develops and distributes HCM software with a focus on temporary staffing and facility services companies. With the investment from LEA Partners in April 2019, LANDWEHR implemented a comprehensive buy and build strategy. Following the acquisition of rhb Software in November 2019 and the recent merger with prosoft in July 2020, the merger with BackOffice AG will now form one of the largest software providers for the temporary staffing industry in Europe, with more than 350 employees and 3,500 customers.
GCA Altium advised LANDWEHR on a tailor-made debt financing for the mergers with prosoft and Backoffice AG. GCA Altium advised on all commercial aspects of the acquisition financings and secured – based on a comprehensive selection process involving several financing options – a competitive financing package.