International law firm Reed Smith, with an integrated multinational team led by Dr Octávio de Sousa, has advised Australian Securities Exchange-listed software group Altium on the sale of its global "TASKING" business to Scandinavian PE investor FSN.

"TASKING" develops and operates software design technology processors in the field of security and assistance systems. For the sale, the global "TASKING" business unit first had to be separated from the Altium Group by way of a carve-out. 

In addition to negotiating the main documentation, the global coordination of the carve-out was managed by Reed Smith's Frankfurt office through Dr Octávio de Sousa together with Dr Marcel Gellings. In addition to Germany, other companies in the USA, the Netherlands, Russia, Japan, India and China were part of the carve-out. 

The closing is still subject to antitrust approval.

Adviser Altium: 

 Reed Smith: Partner Dr. Octávio de Sousa (Lead; Corporate/M&A), Francis Bellen  (Commercial/Litigation), Dr. Martin Bünning (Tax), Rolf Hünermann (Corporate/M&A), Dr. Anette Gärtner (IP), Jan Weissgerber (Labour & Employment), Andreas Splittgerber (IT, Tech & Data), Amy Yin (Corporate/M&A/Shanghai), Peter Emmi (IP/New York) and Associates Dr. Marcel Gellings (Corporate//M&A) Christian Leuthner (IT, Tech & Data), Ivan Zlatanov (Finance), Iris Kruse (Corporate Commercial/Litigation), Johann Niller (Corporate/M&A), Andrea Manger (Labour & Employment), Carina Park (Tax), Joshua Etspüler (Corporate/M&A), Anatoliy Rozental (Corporate/M&A/New York), Sophie Ha (Corporate/M&A/New York) Catherine Jing (Corporate/M&A/Shanghai).

Atsumi & Sakai: in Japan

Stek: in Holland

J. Sagar Associates: in India

RBS Partners: in Russia

Adviser FSN:

Latham & Watkins: Dr. Rainer Traugott, Dr. Stephan Hufnagel