October 9, 2023

Willkie advised Capital Four as lender on the financing of Levine Leichtman Capital Partners' investment in cleversoft Group GmbH, a leading pan-European provider of mission-critical regulatory software solutions to the financial services industry.

Levine Leichtman Capital Partners, a global private equity firm, announced on June 12 that it agreed to invest in cleversoft in partnership with its founder, Florian Clever, and management team. Capital Four provided debt financing for the investment. Main Capital Partners, cleversoft's previous financial sponsor since 2018, exited its investment.

Founded in 2004, cleversoft helps more than 1000 global banks, asset managers, and insurers to efficiently navigate the ever-changing regulatory environment and ensure compliance. Headquartered in Munich, cleversoft has more than 180 employees with additional offices in Luxembourg, the Netherlands, and Bulgaria.

cleversoft will continue to be led by Florian Clever and the existing management team.

Christoph Reitberger, Chief Financial Officer of cleversoft commented: "We are thrilled that, with the support of Capital Four, we can achieve our goal of accelerating our buy and build strategy to become the leading global RegTech cloud provider. By delivering best-in-class regulatory solutions, including in new reporting areas such as ESG and soon CSRD, we are not only helping our clients meet their regulatory obligations, but also helping to create a more sustainable world for our children."

Capital Four is an industry-leading credit asset management boutique. Headquartered in Copenhagen, Denmark, with offices in New York, Stockholm and Frankfurt, the team of 130+ professionals manage €17+ billion on behalf of a global client base. The firm offers investment solutions within global high yield bonds, senior loans, structured credit, multi-asset credit, and Nordic & Northern European private debt. The company currently manages €3.6+ billion across its Nordic & Northern European focused private debt mandates and deployed more than €2.9 billion across five Private Debt vintages.

The Willkie deal team was led by partner Dr. Jasmin Dettmar and included associates Martin Reichert and Moritz Hechenrieder.