Taylor Wessing advises the founders of vertical cloud solution GmbH on the sale of a majority to The Riverside Company

vertical cloud solution GmbH, known in the market under the name Gastromatic, a leading SaaS provider of workforce management software solutions for small and medium-sized enterprises, has found a new partner in The Riverside Company. Taylor Wessing, led by Munich partner Dr Philip Cavaillès, advised the founders on the transaction, including their re-investment.

Gastromatic's software platform offers process and personnel management, including employee-related data, in particular to small and medium-sized companies in shift operations. The SaaS solution digitally depicts all work processes and, through this central steering, leads to more efficient processes and higher employee satisfaction. After the entry of The Riverside Company, the operational management will remain with the founders.

About vertical cloud solution GmbH/Gastromatic

Gastromatic was founded in 2014 by a team of five. To date, more than 2,600 customers in shift-based industries use Gastromatic's software platform to manage their workforce and automate critical business processes - from workforce planning and time tracking to payroll across 12,000 sites. The software platform offers seamless integration capabilities with peripheral systems such as point-of-sale systems and property management systems.

About The Riverside Company

The Riverside Company is a global investment firm at the smaller end of the middle market. Since its founding in 1988, the firm has made approximately 960 investments. The firm's international private equity and flexible capital portfolios include more than 150 companies.

Legal advisors of the founders of vertical cloud solution GmbH:

Taylor Wessing Germany: Dr Philip Cavaillès (Lead Partner), Dr Daniel Schrembs (Salary Partner), Fritz Krings (Associate), Nora Safa (Associate), Henrik Grawe (Associate), Aodfinn Broderick (Paralegal) (all Corporate/M&A, Munich), Rudi Hasenberg (Salary Partner, Tax, Frankfurt), Ulf Gosejacob (Partner), Michael Beyer (Salary Partner), Felix Kokorsch (Associate) (all Banking & Finance, all Frankfurt) Dr Michael Beer (Salary Partner, Employment, Pension & Mobility, Munich).

The founders mandated Lincoln International as sell-side M&A advisor.