25 Oct 2016 | 08:47 am |
International law firm Pinsent Masons has advised leading German auction channel 1-2-3.tv GmbH, on the sale of the majority of shares in the business.
Shareholders Wellington Partners, Target Partners and Cipio Partners, have sold their shares in the company to ARCUS Capital AG and BE Beteiligungen Fonds GmbH & Co. KG. The company is also held by previous shareholders Iris Capital and the co-founder of 1-2-3.tv GmbH, Henning Schnepper. The network’s managing director, Iris Ostermaier, has invested via the new shareholders of the company. The transaction is subject to approval by the competition authorities.
The Pinsent Masons team advising 1-2-3.tv was led by Partner Tobias Rodehau, Senior Associate Olivia Irrgang, Associate Domenico Schwan and Junior Associate Dr. Alexander Karst, LL.M.
1-2-3.tv GmbH is the operating company of the German auction channel 1-2-3.tv. The company, founded in spring 2004, is headquartered in Grünwald near Munich. Over 35 million households in Germany and Austria have access to 1-2-3.tv.
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Multinational law firm Pinsent Masons has expanded into Luxembourg, launching a full-service law firm, having recruited a significant number of former Wildgen partners and their teams.
Multinational law firm Pinsent Masons has named international arbitration partner Pamela McDonald as the new head of its Doha office.
Multinational law firm Pinsent Masons has won in seven categories at China Business Law Journal's annual awards.
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