Axel Springer SE’s Partnership With Kohlberg Kravis Roberts


Hengeler Mueller advised Axel Springer SE on all legal aspects of the transaction. Simpson Thacher & Bartlett acted as legal advisor to KKR.

Axel Springer SE closed an agreement with a holding company owned by funds advised by investment firm Kohlberg Kravis Roberts (KKR) and investment entities controlled by Friede Springer and CEO Mathias Döpfner to create a strategic partnership. In this context KKR has announced its intention to launch a voluntary public tender offer at an offer price of EUR 63.00 per share in cash for all outstanding shares of Axel Springer. The Executive Board and the Supervisory Board of Axel Springer SE support the announced offer.

Allen & Company and Goldman Sachs acted as financial advisors and Hengeler Mueller acted as legal advisor to Axel Springer SE. Lazard & Co acted as financial advisor to the Supervisory Board of Axel Springer SE.

The Hengeler Mueller team included partners Andreas Austmann (Picture), Carsten Schapmann (both Corporate/M&A, Düsseldorf), Stefan Richter (Corporate, Berlin), Joachim Rosengarten (Corporate/M&A), Wolfgang Groß (Capital Markets) (both Frankfurt) and Alf-Henrik Bischke (Antitrust, Düsseldorf), counsel Christian Strothotte (Corporate/M&A, Düsseldorf) and Fabian Seip (Media Law, Berlin) as well as associates Daniel Illhardt, Anika Sonnenberg and Benedikt Statz (all Corporate/M&A, Düsseldorf).

Involved fees earner: Andreas Austmann – Hengeler Mueller; Alf-Henrik Bischke – Hengeler Mueller; Wolfgang Groß – Hengeler Mueller; Daniel Illhardt – Hengeler Mueller; Stefan Richter – Hengeler Mueller; Joachim Rosengarten – Hengeler Mueller; Carsten Schapmann – Hengeler Mueller; Fabian Seip – Hengeler Mueller; Anika Sonnenberg – Hengeler Mueller; Benedikt Statz – Hengeler Mueller; Christian Strothotte – Hengeler Mueller;

Law Firms: Hengeler Mueller;

Clients: Axel Springer AG;