GvW Graf von Westphalen advises PORTALIS Group in the acquisition by ProSiebenSat.1 subsidiary SevenVentures of an interest in moebel.de
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).
News
Federal Administrative Court: Fehmarn Belt Fixed Link may be built
The Federal Administrative Court has dismissed all six pending appeals against the planning decision on the Fehmarn Belt Fixed Link. Construction of the tunnel may therefore now also begin in Germany. GvW advised the State of Schleswig-Holstein and was represented by a Hamburg team consisting of Dr Ronald Steiling (lead), Corinna Lindau, Dr Dietrich Drömann, Prof. Dr Christian Winterhoff, Dr Andreas Wolowski, Saskia Soravia, Dr Stefanie Ramsauer, Dr Annika Bleier, Felix Kazimierski and Niclas Langhans. (BVerwG 9 A 6.19, 9 A 7.19, 9 A 9.19, 9 A 10.19, 9 A 11.19, 9 A 12.19 and 9 A 13.19).
H4 Hotel Mönchengladbach at BORUSSIA-PARK: the place for that Bundesliga feeling
Football is king at H-Hotel Group’s new H4 Hotel in Mönchengladbach. Its location right next to the stadium and the theme rooms depicting the history of the Borussia Dortmund football club make this new hotel unique and a must for any football enthusiast. Our lawyers had the pleasure of advising H-Hotels Group on the creation of its first football-themed hotel and took the chance to visit this amazing place shortly after its opening.
Transport System Bögl: new local public passenger transport system a big success in China
The Max Bögl group of companies has developed a new local public passenger transport system. The system called “Transport System Bögl” (TSB) uses magnetic levitation, or “maglev” technology and provides a clean and cost-efficient means of transport for better mobility in inner city areas. The technology is becoming increasingly popular also in other countries: Max Bögl’s most recent export order was the sale of its TSB to China. The company’s plans include building a 3.5 km test track in Chengdu and extensive marketing activities to promote the technology in China – all through a sales partnership with a Chinese company.
You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.