The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the shareholders of Freeletics on the sale of their shares to an investor group led by FitLab.
Freeletics was founded in 2013 as a start-up and is today, according to its website, one of the fastest-growing sports and lifestyle companies in the world with 120 employees, 29 million users, four apps and a clothing line.
A Milbank team jointly led by Andrea Eggenstein and Leopold Riedl advised the sellers on corporate and tax law aspects in relation to the transaction.
Advisor to the shareholders of Freeletics GmbH: Milbank, Tweed, Hadley & McCloy LLP
Andrea Eggenstein, Leopold Riedl (joint lead, Corporate/M&A, Frankfurt), Norbert Rieger (Corporate/M&A, Munich), Matthias Schell (Tax, Munich), Tian-Gu Shum and Patrick Droese (both Corporate/M&A, Munich), James Beebe (Tax/New York), Zachary Robert Goldberg (Leveraged Finance/New York), Roland Hlawaty (Corporate/Latin America, New York), Daniel Tyrrell (Corporate/M&A, New York).