Hellman & Friedman’s $3.5 Billion Takeover Offer For All Shares in Zooplus AG

Hellman & Friedman's $3.5 Billion Takeover Offer For All Shares in Zooplus AG

GLNS and Buntscheck advised zooplus AG on the deal. Freshfields Bruckhaus Deringer advised Hellman & Friedman.

Private equity firm Hellman & Friedman has entered an investment agreement with Zooplus, in which the company will take over ownership of the e-commerce pet supply platform for roughly €3 billion ($3.5 billion USD), or €390 per share.

zooplus is the leading online pet platform in Europe measured by sales. Founded as a German start-up in 1999, the company’s business model has been successfully launched internationally, dedicated to the mission of creating moments of happiness between pets and pet parents across now 30 European countries. With a large and relevant product offering in the pet food and pet care & accessories range, zooplus caters to more than 8 million pet parents across Europe of which more than 5 million made more than two orders in 2020.

Hellman & Friedman is one of the oldest and most experienced private equity investment firms operating today. H&F’s distinctive investment approach is focused on large-scale equity investments in high-quality growth businesses in developed markets, primarily in the U.S. and Europe, across growth-oriented sectors. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation and collaborative partnership approach enable companies to flourish. H&F has successfully partnered with companies including in the internet & media and consumer & retail sectors such as Action, Autoscout24, Axel Springer, DoubleClick, Grocery Outlet, ProSiebenSat.1, Scout24, SimpliSafe and Verisure.

The GLNS team included partners Dr. Tobias Nikoleyczik and Dr. Bernd Graßl, Counsel Malte Krohn as well as associate Nadja Crombach (all Public M&A / Capital Markets) and Partner Dr. Anselm Lenhard (Finance).

Regulatory aspects were covered by the law firm Buntscheck with partner Dr. Andreas Boos.

The Freshfields team was led by partners Arend von Riegen and Simon Schwarz (both Corporate) and included Mesut Korkmaz, Daniel von Bülow and Anna Dominke, Philipp Dohnke, Philipp Lehmann (all Corporate), Thomas Mueller-Bonanni, Judith Römer (both People and Reward), Moritz Heidbuechel (Real Estate), Uta Itzen, Mathilde Beaumunier, Niklas Andree (all Antitrust and Trade), Lukas Pomaroli (Vienna, Dispute Resolution), Michael Levitt (New York, Finance), Jeremy Barr (New York, Corporate), Nabeel Yousef (Washington) and Hannah Khalifeh (New York, both Dispute Resolution).

Involved fees earner: Andreas Boos – Buntscheck; Niklas Andree – Freshfields Bruckhaus Deringer LLP; Jeremy Barr – Freshfields Bruckhaus Deringer LLP; Mathilde Beaumunier – Freshfields Bruckhaus Deringer LLP; Philipp Dohnke – Freshfields Bruckhaus Deringer LLP; Anna Dominke – Freshfields Bruckhaus Deringer LLP; Moritz Heidbuechel – Freshfields Bruckhaus Deringer LLP; Uta Itzen – Freshfields Bruckhaus Deringer LLP; Hannah Khalifeh – Freshfields Bruckhaus Deringer LLP; Mesut Korkmaz – Freshfields Bruckhaus Deringer LLP; Philipp Lehmann – Freshfields Bruckhaus Deringer LLP; Michael Levitt – Freshfields Bruckhaus Deringer LLP; Thomas Müller-Bonanni – Freshfields Bruckhaus Deringer LLP; Lukas Pomaroli – Freshfields Bruckhaus Deringer LLP; Judith Römer – Freshfields Bruckhaus Deringer LLP; Simon Schwarz – Freshfields Bruckhaus Deringer LLP; Daniel von Bülow – Freshfields Bruckhaus Deringer LLP; Arend von Riegen – Freshfields Bruckhaus Deringer LLP; Nabeel Yousef – Freshfields Bruckhaus Deringer LLP; Nadja Crombach – GLNS; Bernd Graßl – GLNS; Malte Krohn – GLNS; Anselm Lenhard – GLNS; Tobias Nikoleyczik – GLNS;

Law Firms: Buntscheck; Freshfields Bruckhaus Deringer LLP; GLNS;

Clients: Hellman & Friedman; zooplus AG ;

Giulia Di Palma

Author: Giulia Di Palma