Hogan Lovells assisted Axway in connection with its entering into exclusive negotiations with Systar's controlling shareholders for the acquisition of a block of shares representing 61% of Systar's capital for a total price of 34.3 million euros.

Axway is a market leader in governing the flow of data and Systar a leading provider of performance management software.

The closing of the acquisition of control of Systar will lead to the filing of a simplified tender offer for the remaining Systar shares, in accordance with applicable regulations. The entire operation should be finalised in June.

The Hogan Lovells team in charge of this transaction consisted of partners Jean-Marc Franceschi and Xavier Doumen from the corporate team. Gide assisted the sellers, with partner Anne Tolila, who worked with Paul Jourdan-Nayrac.