Milbank advised General Atlantic, a leading global growth equity investor, on the minority investment in a joint venture comprising TX Markets’ and Scout24 Schweiz’s online marketplaces. The combined company will form a leading Swiss group spanning the real estate, vehicle, financial services and general marketplace sectors and create one of the largest digital companies in Switzerland. General Atlantic will serve as one of four partners in the venture, supporting the group with its international expertise in the field of digital marketplaces. The TX Group will bring the TX Markets platforms Ricardo, tutti.ch, Homegate and Car For You to the joint venture. Ringier and La Mobilière will provide the Scout24 Schweiz Group, which operates the platforms ImmoScout24, AutoScout24, MotoScout24, FinanceScout24 and anibis.ch.
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. General Atlantic combines a collaborative global approach, sector-specific expertise, a long-term investment horizon and a deep understanding of growth drivers.
Milbank advised General Atlantic on corporate, tax, antitrust and finance law aspects of the transaction.
In respect of Swiss law aspects of the transaction, Milbank collaborated with Homburger (David Oser and Karin Mattle).
The Milbank team was led by partners Sebastian Heim and Norbert Rieger (both Corporate/M&A) and included partners Matthias Schell (Tax), Alexander Rinne (Antitrust), Barbara Mayer-Trautmann (Finance) as well as associates Mahmood Kawany (Corporate/M&A), Stefanie Gschossmann (Antitrust), Alexander Lang (Finance, all Munich) and Andreas Rief (Corporate/M&A, Frankfurt).