The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the REIFF Group, a family company based in Reutlingen, on the sale of its Tyre Division to European Tyres Distribution Limited. The British holding European Tyres Distribution Limited is a strategic platform company based in the UK owned by Bain Capital Private Equity and also parent company of Fintyre, a leading distributor of replacement tyres in Italy.
REIFF Reifen und Autotechnik is the largest manufacturer-independent tire retailer in Germany and employs 750 people. In 2016, it generated sales of approximately €340 million to more than 285,000 customers.
The transaction remains subject to approval by the competent merger control authorities. The deal terms are confidential.
A Milbank team led by partner Peter Nussbaum comprehensively advised REIFF as lead counsel on corporate, tax, antitrust and finance law in relation to the transaction.
Advisor to REIFF Group: Milbank, Tweed, Hadley & McCloy LLP
Peter Nussbaum (lead, Corporate/M&A, Munich), Rolf Füger (Tax, Munich), Mathias Eisen (Finance, Frankfurt), Alexander Rinne (Competition, Munich), Joel Harrison (Corporate, London), Benjamin Leuchten, Leif Klinkert (all Corporate/M&A, Munich), Jörg Schrade, Corinna Knollmüller (both Tax, Munich), Katja Lehr, Thomas Möller (both Finance, Frankfurt), Vanessa van Weelden (Competition, Munich)
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Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.
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