The Düsseldorf-based corporate boutique Berner Fleck Wettich has strengthened its presence in December. Prof. Dr. Sabine Otte-Gräbener will be working for the law firm in the position of Counsel. The 41-year-old is professor for commercial and corporate law at the Düsseldorf University of Applied Sciences.
In addition to her work at the university, she will support Berner Fleck Wettich, especially at the interface of legal and economic issues. Her focus is on the law of limited liability companies, European corporate law and the law of the English Limited. In addition to corporate groups, the firm’s client base includes a whole range of family-run businesses which, in addition to legal input, place great value on a strategic and economic overall view. This is where the experience of Otte-Gräbener should play a particularly important role.
For the complete report (in German) click here.
Metro takes over the second largest Portuguese food supplier Aviludo. At the same time, Metro’s major shareholder EPGC is expanding its shares – but its public takeover bid to Metro shareholders is not supported by the Management and Supervisory Boards. The offer takes into account neither the current value of the company nor the transformation process of the MDax Group which has already been carried out, the boards announced. […]
Advisor to the Metro Supervisory Board on the takeover bid:
Berner Fleck Wettich (Düsseldorf): Dr. Carsten Wettich, Dr. Olaf Berner (both Corporate/M&A) – well known from the market
Background:
[…] The Supervisory Board, which is otherwise supported in its daily work by the head of the Corporate Office, General Counsel Bost, again called in the Düsseldorf corporate boutique Berner Fleck Wettich for the valuation of this low-threshold offer – it is a so-called low ball offer. The unit, founded by former Hengeler lawyers, had prevailed in a pitch in 2019.
For the complete report (in German) click here.
11880 Solutions AG has resolved a mixed capital increase from authorized capital against cash and non-cash contributions by issuing up to 3,893,000 new shares with subscription rights. The new shares are entitled to dividends as of January 1, 2020 and are expected to be admitted to trading in the Prime Standard of the Frankfurt Stock Exchange on or shortly after September 28, 2020. In this context, united vertical media GmbH (“uvm”), the largest shareholder of 11880 Solutions AG, will contribute FAIRRANK GmbH to 11880 Solutions AG as a contribution in kind and receive 2,707,200 new shares in return. With the acquisition of the online marketing company Fairrank, 11880 Solutions AG will complement its business model and expand its core business.
Berner Fleck Wettich provided comprehensive advice to uvm on the transaction. This includes both the capital increase and the contribution of FAIRRANK.
Click here for the full article (in German).
Berner Fleck Wettich has been awarded by brand eins as one of the best commercial law firms in Germany 2020 for corporate law (Tier 2).
The list is based on a survey among lawyers (colleagues survey) and in-house lawyers (clients survey) for a total of 24 legal fields.
The Offerista Group, specialist for digital trade marketing, is expanding its portfolio with the Austrian market leader for digital brochures wogibtswas.at. With this move, the Offerista Group continues its growth and becomes the largest digitizer in the retail trade in the DACH region. The cross-border transaction was structured as a share swap. The Styria Media Group, to which wogibtswas.at previously belonged, contributed 100 percent of wogibtswas.at to the Offerista Group in the course of a capital increase and in return received a 20 percent share in the Offerista Group […]
Berner Fleck Wettich advised Offerista Group on the cross-border transaction. The law firm Schönherr from Sofia advised on Bulgarian law issues. advised the founder and managing director of Futavis GmbH on the transaction.
Click here for the full article (in German).