White & Case LLP announced on May 5 that it has advised Balderton Capital regarding the planned sale of Prior Labs to SAP SE. Balderton Capital is a major investor and was the lead investor in Prior Labs’ previous financing round.
According to White & Case, following the transaction, Prior Labs will continue operating as an independent entity. SAP has committed to invest more than €1 billion over the next four years with the aim of developing Prior Labs into a leading frontier artificial intelligence lab focused on structured data for global businesses. The financial terms of the deal have not been disclosed.
The completion of this transaction remains subject to regulatory approval and is expected in either the second or third quarter of 2026.
The advisory team from White & Case was led by partner Norman Röchert in Berlin, along with partners Bodo Bender in Frankfurt, Thilo Wienke in Düsseldorf, local partner Jochen Hoerth in Frankfurt, and associate Jasmin Bechtold in Berlin.
This transaction highlights ongoing interest from large technology firms like SAP in acquiring AI-focused companies as part of their growth strategies.
