SMP
March 04, 2021 Press

SMP advises IDnow on acquisition of identity Trust Management

Berlin – SMP advised IDnow on the acquisition of identity Trust Management, a provider of identification solutions based in Düsseldorf, Germany. The acquisition enables IDnow to expand into new industries and to extend its product portfolio. IDnow will take over identity Trust Management AG's location in Düsseldorf as well as its employees. The parties agreed not to disclose the purchase price or further details of the transaction. IDnow was again comprehensively advised on legal and tax matters by a team led by SMP partner Benjamin Ullrich. SMP's lawyers already assisted IDnow in the last financing round with the participation of Corsair Capital as well as in the acquisition of Wirecard Communication Services.

"We are pleased that after the latest financing round with the participation of Corsair Capital and the acquisition of Wirecard Communications Services last year, we IDnow entrusted us, as legal and tax advisors, with this strategically important transaction" says SMP partner Benjamin Ullrich.

IDnow
IDnow is a leading identity verification platform in Europe with a vision to make the connected world a safer place. The IDnow platform offers a broad portfolio of identity verification solutions, from automated to human-assisted, from purely online to point-of-sale - each optimized for conversion rates and security. The company has offices in Germany, the UK and France and is backed by prominent institutional investors, including Corsair Capital and Seventure Partners.

identity Trust Management
IDnow is a leading identity verification platform in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted, from purely online to point-of-sale – each of them optimized for user conversion rates and security. The company has offices in Germany, the United Kingdom and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners.

About SMP
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 60 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.

Advisors IDnow: SMP
Dr. Benjamin Ullrich (Lead, Corporate/ M&A), Partner
Dr. Malte Bergmann (Tax), Partner
Dr. Sebastian Schödel (Stock Corporation Law), Associated Partner
Dr. Adrian Haase (Corporate/ M&A), Senior Associate
Ann-Kristin Lochmann (Tax), Senior Associate
Christiane Schnitzler (Corporate), Associate
Dr. Christoph Lüttenberg (Stock Corporation Law), Associate

Advisors IDnow (Labor Law): Pusch Wahlig Workplace Law
Thomas Wahlig, Partner
Sabine Jantzen, Managing Associate

Advisors IDnow (IP/IT/Data Protection): KNPZ
Dr. Kai Plath, Partner
Jan Schäfer, Associate
Matthias Struck, Associate
Enno ter Hazeborg, Associate