COVERAGE
Generative AI Continued to Drive Legal Tech Scene in 2024
December 23, 2024
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COVERAGE
December 23, 2024
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COVERAGE
December 20, 2024
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COVERAGE
December 18, 2024
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DEAL ANNOUNCEMENT / PRESS RELEASE
December 18, 2024
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International law firm McDermott Will & Emery advised Stand Insurance Solutions (Stand), a tech enabled managing general agency, in its initial launch and early structuring of its debut insurance product: insurance for California-based homeowners covering climate-impacted events such as wildfire, and wind.
The company is poised to write over $2 billion in home coverage within its first year, and will combine expertise in fire, fuel, land, and structures with advanced physics and AI modeling to develop low-risk mitigation plans.
The McDermott deal team was led by Michael Halsband with invaluable assistance from Katie Yonover, Amber Adair, Chris Stacker, David Saunders, Sophia Niemyski and Leigh Solomon.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

COVERAGE
December 18, 2024
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COVERAGE
December 17, 2024
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COVERAGE
December 17, 2024
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DEAL ANNOUNCEMENT / PRESS RELEASE
December 17, 2024
Read time: 3 min
Munich, December 17, 2024 – McDermott Will & Emery has advised NORD/LB on the financing of the acquisition of ERP Novum by enventa Group, a portfolio company of Main Capital Partners.
The acquisition is the fourth that enventa Group has completed since the start of its strategic partnership with Main Capital Partners in 2022.
The enventa Group offers business software for enterprise resource planning (ERP), business intelligence (BI), treasury management and accounting for medium-sized companies and large corporations. The group is a merger of five software companies, including Nissen & Velten, texdata, aruba BI, Litreca and syska.
ERP Novum was established in 2009 as a joint venture with Nissen & Velten and is an expert in the enventa software suite.
NORD/LB Norddeutsche Landesbank is one of Germany’s leading commercial banks and part of the S-Finance Group. Its core business segments include corporate customers, special financing in the energy and infrastructure sectors, financing commercial real estate via Deutsche Hypo, capital market business, association business with the savings banks and private and commercial customers including private banking.
The McDermott team was led by partners Ludwig Zesch and Matthias Weissinger and comprised associate Tim Becker.

DEAL ANNOUNCEMENT / PRESS RELEASE
December 17, 2024
Read time: 3 min
Munich/Dusseldorf, December 17, 2024 – McDermott Will & Emery has advised Main Capital Partners on the acquisition and financing of the acquisition of procilon Group, a leading German provider of software for secure communication and digital signatures. The seller is Harald Quandt Industriebeteiligungen GmbH.
As a strategic partner, Main Capital will support procilon in its next phase of growth. procilon’s current management team will work closely with Main Capital to drive the company’s next phase of growth.
The acquisition is Main Capital’s fourth platform investment since the launch of its new fund MC VIII in April 2024.
The procilon group headquartered in Leipzig, Germany, was founded in 2001 and today advises more than 2,200 companies, organizations and public authorities on all matters related to information security and data protection.
Main Capital Partners is a leading software investor in the DACH region, the Benelux countries, the Nordic countries and the United States. Main Capital manages assets of around EUR 6 billion and maintains an active portfolio of more than 50 software groups.
McDermott regularly advises Main Capital on transactions, including financings.
The McDermott team was led by partners Hanno Witt and Holger H. Ebersberger and included partners Matthias Weissinger, Dustin Schwerdtfeger, Florian Schiefer, and Alexa Ningelgen, counsel Alexandra Prato, Laura Stammwitz, Claus Färber and Marcus Fischer as well as associates Manuel Weiß, Nicole, Kaps, Marion Dalvai-König, Armin Teymouri, Julia Külzer, Tim Oliver Weill, Matthias M. Bosbach, Romy Lanz, Julian Jäger, Andreas H. Janßen, and Tobias Meyer-Hotting.

COVERAGE
December 16, 2024
Read time: 2 min