Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 06-08-2015 | Practice Area: | Corporate and M&A |
| Deal Title: | Axel Springer SE Sale of Stake in Runtastic GmbH | Industry: | Travel & Leisure |
| Description: |
Milbank, Tweed, Hadley and McCloy LLP represented Axel Springer SE on the sale of its entire 50.1 percent shareholding in runtastic GmbH, an Austrian internet company founded in 2009. Concurrently, the remaining investors, including the founders and management team of runtastic, also sold their participations to the adidas group, which now holds 100 percent of all shares of runtastic. The entire transaction was concluded at a EUR 220 million enterprise value basis.
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| Financial Center: | Munich | Value: | 100.01-500.00 |
| Advised Party: | Vendor | Law Firm | Milbank |
| Target Company Jurisdiction: | Austria | Acquiror Jurisdiction: | Germany |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Norbert Rieger |
