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Hengeler Mueller advises Axel Springer SE on strategic partnership with KKR

June 2019 - Corporate & Commercial. Legal Developments by Hengeler Mueller .

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Axel Springer SE has signed an investor agreement with a holding company owned by funds advised by investment firm Kohlberg Kravis Roberts (KKR) and investment entities controlled by Friede Springer and CEO Mathias Döpfner to create a strategic partnership.

In this context KKR has announced its intention to launch a voluntary public tender offer at an offer price of EUR 63.00 per share in cash for all outstanding shares of Axel Springer. The Executive Board and the Supervisory Board of Axel Springer SE support the announced offer.

Hengeler Mueller advises Axel Springer SE on all legal aspects of the transaction comprehensively. The team includes partners Andreas Austmann, Carsten Schapmann (both Corporate/M&A, DĂĽsseldorf), Stefan Richter (Corporate, Berlin), Joachim Rosengarten (Corporate/M&A), Wolfgang GroĂź (Capital Markets) (both Frankfurt) and Alf-Henrik Bischke (Antitrust, DĂĽsseldorf), counsel Christian Strothotte (Corporate/M&A, DĂĽsseldorf) and Fabian Seip (Media Law, Berlin) as well as associates Daniel Illhardt, Anika Sonnenberg and Benedikt Statz (all Corporate/M&A, DĂĽsseldorf).