News
Freshfields advises General Atlantic on agreement with ProSiebenSat.1
Global law firm Freshfields has advised General Atlantic on the reorganisation of its shareholdings in European omnichannel platform NuCom Group and dating service provider ParshipMeet Group. The transaction comprises the sale of General Atlantic´s shareholdings to ProSiebenSat.1, the transfer of treasury shares in ProSiebenSat.1 as well as exit participation upon future divestment of ParshipMeet Group. The implementation of the transaction is subject to the sale of NuCom Group portfolio company Verivox. As part of the reorganisation, General Atlantic will hold its minority stake in luxury retailer Flaconi directly and not, as currently, indirectly through NuCom Group.
General Atlantic is a leading global growth equity firm providing capital and strategic support to companies with high growth potential. In 2018 General Atlantic and ProSiebenSat.1 entered into a long-term partnership. This partnership has enabled NuCom Group to leverage General Atlantic's expertise and resources to become a leading European omnichannel platform for consumer services and lifestyle brands.
The Freshfields team is being led by Partners Wessel Heukamp (Corporate/M&A), Christian Sistermann (Tax), Counsel Simon Stepper (Corporate/M&A), and Associate Marc Lebioda (Corporate/M&A, all Munich).
