Linklaters Advised PSI Software SE On Investment Agreement With Warburg Pincus
Linklaters advised PSI Software SE on investment agreement with Warburg Pincus
The Global Law firm, Linklaters has advised PSI Software SE on entering into an investment agreement with Warburg Pincus and on the associated voluntary public takeover offer to PSI shareholders.
PSI Software SE is a leading global provider of energy and industrial software for the control and optimization of complex systems and processes. The investment agreement establishes a strategic partnership supporting PSI’s long-term growth. Under the agreement, PSI shareholders will be offered EUR 45.00 per share in cash, representing a premium of 84 percent to the unaffected closing share price and 63 percent to the volume-weighted average price for the past three months.
Warburg Pincus has entered into agreements with major PSI shareholders for tendering large blocks of shares, partly linked to a reinvestment into the holding structure. E.ON, PSI’s second-largest shareholder and a key customer, will retain its shareholder status, enter into a shareholder agreement with Warburg Pincus, and is a party to the investment agreement.
As a strategic partner, Warburg Pincus will support PSI in executing its strategy, strengthening its market position, and supporting international expansion. Funding will also be provided for organic growth and M&A activities, enabling PSI to consolidate its leadership in the energy and industrial software market. The takeover offer is subject to a minimum acceptance threshold of 50% plus one share and customary conditions, including regulatory approvals, with completion expected in the first half of 2026.
The Linklaters team was led by Klaus von der Linden (Partner, Corporate/M&A, Düsseldorf). Other team members included Stephan Oppenhoff (Partner, Corporate/M&A, Frankfurt), Christoph Barth (Partner, Antitrust & Foreign Investment, Düsseldorf), Daniel Pauly (Partner, TMT, Frankfurt), Matthew Devey (Partner, Employment, Frankfurt), Ulli Janssen (Counsel, Corporate/M&A, Frankfurt), Yukiko Hitzelberger-Kijima (Counsel, Employment, Düsseldorf), Helen Crossley (Of Counsel, Antitrust & Foreign Investment, London), Richard Heinrichs (Managing Associate, Corporate/M&A, Frankfurt), Ann-Christin Käser (Managing Associate, Antitrust & Foreign Investment, Munich), Tom Schäfer (Associate, Corporate/M&A, Düsseldorf), Richard Knaup (Associate, Corporate/M&A, Düsseldorf), Oliver Haas (Associate, Antitrust & Foreign Investment, Düsseldorf), and Thomas Kienle (Associate, TMT, Frankfurt).
Linklaters is a British multinational law firm and a member of the "Magic Circle" of elite London-headquartered firms. It has 30 offices across 21 countries and employs over 3,100 lawyers globally. The firm is known for its expertise in complex, cross-border corporate and financial legal matters.
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