Latham & Watkins LLP has advised Hg on the sale of F24, a leading European software-as-a-service (SaaS) provider for business resilience solutions to Altor. F24’s management team will reinvest in F24.

Founded in 2000, F24 supports companies and organizations in more than 100 countries around the globe. Its business resilience software solutions empower businesses to save lives and values. F24 is a sector leader in Europe, has expanded across geographies, and now supports over 5,200 customers across the globe.

Latham & Watkins previously advised Hg on the acquisition of F24 in 2020 as well as several other transactions, including the recent investment of Permira in GGW Group.

Latham represented Hg with a team led by Frankfurt private equity partners Oliver Felsenstein and Maximilian Platzer with associates Lara Stelmach, Nils Horst, and Dominik Waldvogel; on finance matters by Frankfurt partner Sibylle Münch and associate Philipp Guggeis; on tax matters by Hamburg partner Verena Seevers and associate Manuela Minsel; on antitrust matters by Frankfurt partner Max Hauser, Hamburg partner Jana Dammann De Chapto, and associate Nicolas Jung; on IP/IT matters by Frankfurt partner Dr. Susan Kempe-Müller and associate Daniela Jaeger; on employment matters by Munich counsel Dr. Florian Dehmel and associate Martina Hölzer; on data security matters by Frankfurt counsel Dr. Wolf-Tassilo Böhm; on compliance matters by Hamburg counsel Dr. Stefan Bartz; and on real estate matters by Frankfurt counsel Sven Nickel and associate Marie-Christine Welp.