October 12, 2016

Milbank Advises ProSiebenSat.1 and General Atlantic on Acquisition of Majority in KäuferPortal

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The international law firm Milbank, Tweed, Hadley & McCloy LLP advised ProSiebenSat.1 Media SE and General Atlantic on the acquisition of a majority stake in KäuferPortal. KäuferPortal is a market-leading online portal in Germany that connects customers with a vendor network for consulting-intensive products and services for home improvement and financial services.

ProSiebenSat.1 and General Atlantic will each acquire a 42 percent stake in the company. The other shares will remain with the company’s founders Robin Behlau and Mario Kohle.

The acquisition is still subject to approval by the competent cartel authorities.

A Milbank team led by Martin Erhardt comprehensively advised ProSiebenSat.1 and General Atlantic on corporate, tax and competition law in relation to the transaction.

Advisor to ProSiebenSat.1 Media SE, General Atlantic: Milbank, Tweed, Hadley & McCloy LLP

Martin Erhardt (lead, Corporate/M&A, Munich), Thomas Kleinheisterkamp (Tax, Munich), Alexander Rinne (Competition, Munich), Michael Pujol (Corporate/M&A, Munich), Benjamin Leuchten, Dominik Waldvogel, Patrick Droese, Leif Klinkert (all Corporate/M&A, Munich), Markus Messinger (Corporate/M&A, Frankfurt), Vanessa van Weelden (Competition, Munich), Corinna Knollmüller (Tax, Munich)

About Milbank

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.

Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.