Allen & Overy LLP has advised SAP SE on the financing of the takeover of Concur Technologies, Inc., a leading provider of business travel and expense management software solutions, and on regulatory issues in the context of the takeover. The takeover of Concur by SAP SE’s subsidiary, SAP America Inc., is expected to close in late 2014/early 2015. Closing of the transaction is subject to Concur stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions.

The transaction will be funded from a credit facility agreement of up to EUR 7 billion to cover the purchase price, target debt refinancing and acquisition-related costs.

The Allen & Overy team was led by partner Thomas Neubaum and comprised counsel Dr. Mark Hallett and associate Dr. Alexander Schilling (all banking & finance, Frankfurt), as well as partner Etay Katz and associate Charles Ko (both banking & finance, London).