SevenVentures GmbH has acquired a share in PORTALIS Group’s online portal moebel.de. The subsidiary of ProSiebenSat.1 is therefore expanding its participation portfolio in online and e-commerce businesses.
The Hamburg-based PORTALIS Group is the first German enterprise to specialise in vertical product search engines. Its subsidiary, moebel.de Einrichten & Wohnen AG, under the same domain operates the industry leader in vertical search engines for furniture and decoration. Within just a few years, the former start-up company with an initial staff of three has since turned into a successful industry heavyweight. With over 500,000 listed products from more than 150 different online shops, more than 5,000 local dealers and over 150 brand manufacturers, moebel.de is the biggest German-language specialist search engine for furniture, decoration and living.
SevenVentures is the venture company of ProSiebenSat.1 Group and already holds shares in Baby-Markt.de, Preis24.de and opodo.de. The company recently obtained the majority of shares in mydays.de, one of the leading providers for event gifts in Germany.
PORTALIS Group was advised by a team of lawyers from various GvW offices. Hamburg-based partner Dr. Dominik Ziegenhahn (Corporate/M&A) was leading the team made up of partners Dr. Malte Evers (employment law, Hamburg) and Dr. Frank R. Tschesche, LL.M. (tax law, Frankfurt), associated partner Dr. Daniel Michel, LL.M. (IP/IT, Munich) and Hamburg-based associates Dr. Christian Triebe (IP/IT), Jan Bela Herrmann and Cuifang Wang (both Corporate/M&A).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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