August 11, 2020

Milbank Advises AUTO1 Group on €255 Million Financing Round for Autohero Expansion


Milbank advised AUTO1 Group, Europe's leading digital automotive platform, on a €255 million financing round. The convertible note financing round was led by the new investors Farallon Capital Management, L.L.C. and The Baupost Group, L.L.C.; additionally, existing shareholders participated. AUTO1 Group plans to use the fresh capital to develop and accelerate the growth and expansion of its retail brand Autohero (

AUTO1 Group is a multi-brand technology company that develops solutions for online car buying and selling. The company is active in more than 30 countries with its dealer brand, as well as consumer brands such as and the retail brand Autohero. AUTO1 Group achieved revenues of €3.5 billion in 2019.

A Milbank team, which comprehensively advised the AUTO1 Group on the corporate, financial and tax law aspects of the transaction, included Sebastian Heim (lead), Christoph Rothenfußer (both Corporate/M&A, Munich); Thomas Ingenhoven (Finance, Frankfurt); Matthias Schell (Tax, Munich); Thomas Möller (Finance, Frankfurt); Sebastian Reiner-Pechtl, Fritz Schuchmann (both Corporate/M&A, Munich) and Yasmin Holm (Tax, Munich).