According to German press reports, the founders of German-listed business solutions provider SAP have no intention of selling their stakes to private equity investors. The comment comes on the back of speculations that US investor Silver Lake is looking to acquire a stake in SAP and that one of SAP’s founders was ready to sell.
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return
CDP Venture and Tim Ventures take part in the round, alongside Club Digital and Club Italia Investimenti 2
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round