Hengeler Mueller advises United Internet on public share buyback offers

The management board of United Internet AG decided, with the approval of the supervisory board, to make a public share buyback offer to the shareholders of United Internet AG (offer period from 10 December 2019, 00:00 until and including 18 December 2019, 24:00) for a total of up to 9,000,000 shares at a price per …

Hengeler Mueller advises Otto Group on sale of Sportscheck to Galeria Karstadt Kaufhof

The Otto Group has decided to sell its Sportscheck GmbH group company, headquartered in Unterhaching near Munich, to Galeria Karstadt Kaufhof. Following successful completion of the deal, Sportscheck GmbH is to be integrated into the omnichannel retail portfolio of Galeria Karstadt Kaufhof. Both parties have already signed a corresponding contractual agreement. The sale remains subject …

Hengeler Mueller advises the German Federal Finance Agency on the development of sustainable financi

In accordance with the decision by the Secretaries of State Committee for Sustainable Development of 25 February 2019, the German Federal Finance Agency has examined in recent months whether issuing green or sustainable German government bonds as part of the envisaged refinancing activity is economically viable. At the end of October 2019, the Federal Republic …

Hengeler Mueller successfully represents Portigon in proceedings against Single Resolution Board bef

The General Court of the European Union (EGC) has annulled two decisions of the Single Resolution Board (SRB) on the 2016 annual ex ante contributions to the Single Resolution Fund commonly known as the bank levy, to the extent they affect Portigon AG (Portigon). These decisions were the basis of orders by the German Federal …

Hengeler Mueller advises Accel and 83 North on Series C funding for Celonis

Celonis has raised approximately USD 290m in its Series C funding. The new funding brings the total investment in Celonis to approximately USD 370m, valuing the company at approx. USD 2.5bn. Accel and 83 North have been invested in Celonis since the Series A funding.

Hengeler Mueller advises KKR and LEONINE on acquisition of Wiedemann & Berg TV

The KKR backed independent media company LEONINE is acquiring Wiedemann & Berg TV (W&B TV) from the producers Max Wiedemann and Quirin Berg as well as Endemol Shine Germany. Part of the W&B TV business (the Berlin based business) will be carved out and remain with Endemol Shine Germany. W&B TV covers a broad production …

Hengeler Mueller advises Corsair Capital on IDnow financing round

Corsair Capital LLC (“Corsair”) has made a USD 40 million equity investment in IDnow. IDnow is a leading provider of Identity Verification-as-a-Service solutions. Corsair is a private equity firm focused on investments in the financial and business services industries.

engeler Mueller advises SCHÖNES LEBEN group on acquisition of MEDIKO

SCHÖNES LEBEN group, a portfolio company of the independent European private equity firm Waterland, continues to grow. In the course of an add-on transaction the group acquires a majority stake in MEDIKO Pflege- und Gesundheitszentren GmbH.

Hengeler Mueller advises Waterland on partnership with IT system provider netgo

Waterland Private Equity (“Waterland”) and IT nsystem provider netgo entered into a partnership aiming at a further acceleration of the company’s growth. The service portfolio of netgo is to be expanded via targeted acquisitions. netgo founders Patrick Kruse and Benedikt Kisner will retain a significant stake in the company and will continue to serve as …

Hengeler Mueller advises Commerzbank on the proposed merger with comdirect

Commerzbank AG has decided to make a public tender offer for the remaining shares of comdirect bank Aktiengesellschaft (“comdirect”). Commerzbank holds approx. 82 per cent of the shares in comdirect, approx. 18 per cent are in free float. The tender offer is subject to a minimum acceptance threshold of 90 per cent. It is intended …