The Open-Xchange AG, Nurenberg, Germany, made a financing round under which United Internet Ventures AG, Montabaur, Germany, has acquired shares in the company.
The international law firm Milbank, Tweed, Hadley & McCloy LLP advised Open-Xchange with regard to corporate, tax and financial aspects of the transaction.
Open-Xchange develops, markets and sells web-based communication, collaboration and office productivity software, which enables full integration of email, documents, scheduling and social media. The company is privately owned and head-quartered in Nuremberg, Germany, with offices in San Jose, CA, and Kuala Lumpur, Malaysia.
United Internet Ventures AG is a wholly-owned subsidiary of United Internet AG. The public (TecDAX) company is a leading internet specialist with an established brand portfolio (inter alia GMX, WEB.DE, 1&1) and is headquartered in Montabaur, Germany.
Open-Xchange AG was advised on the transaction by partners Dr. Peter Nussbaum, Dr. Christoph Rothenfußer (both Corporate Law, Munich) and Dr. Thomas Kleinheisterkamp (Tax Law, Munich). Advising associates were: Dr. Ines Fiebiger, Florian Leßniak, Dr. Benjamin Leuchten (all Corporate Law, Munich), Dr. Matthias Schell (Tax Law, Munich) and Dr. Oliver Hahnelt (Finance, Frankfurt).
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm founded in 1866 in New York City. Today Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Singapore, Tokyo and Washington, DC and is present in all major financial and economic centers of the world. Milbank focuses its worldwide legal services in the areas of finance, transactions and litigation.
The first European office was opened in 1979 in London, followed by Frankfurt in 2001 and Munich in 2004. Due to the close cooperation of the German offices with the finance, corporate, cartel and tax lawyers practicing in other Milbank offices, in particular London and New York, Milbank Germany is in a position to provide fully integrated legal advice on the highest level in all these core areas pursuant to German, English and US law.
