Lifespot Capital’s Acquisition of Munich Hotel Partners GmbH

Heuking Kühn Lüer Wojtek advised Lifespot Capital AG on the deal. Hengeler Mueller advised Munich Hotel Partners on the transaction.

Lifespot Capital AG announced the acquisition of Munich Hotel Partners GmbH and its affiliated subsidiaries by way of a reverse IPO.

Lifespot Capital AG, listed on the Munich Stock Exchange, will use the acquisition to focus its business on MHP group, one of the leading German hotel providers, in the future. It will thus support MHP group’s growth in the wake of the openings following the COVID-19 pandemic.

Based on an equity value of around EUR 59 million, the existing shareholders will receive a consideration by means of a cash component of EUR 6 million and a share component of approximately 33,125,000 new shares in Lifespot Capital AG for the contributed shares in accordance with the contractual agreement reached, thus retaining a significant indirect stake in Munich Hotel Partners GmbH. The share component is to be granted by way of a capital increase through contributions in kind, on which Lifespot Capital AG’s Annual General Meeting has yet to pass a resolution. Lifespot Capital AG is planning several cash and non-cash capital increases to finance and implement the acquisition.

MHP group is one of Germany’s leading hotel providers and has established itself in the acquisition of existing upper-upmarket hotels. MHP currently operates four Le Méridien brand hotels in Germany and Austria in Hamburg, Stuttgart, Munich, and Vienna, as well as Sheraton Düsseldorf Airport Hotel.

Life Spot Capital AG is a technology and solutions provider in the field of eHealth and is a full service telemedicine specialist.

The Heuking team included Boris Dürr (Picture – Lead, Corporate/M&A), Dr. Christoph Küster (Corporate/M&A), Dr. Ralf Nobis (Corporate/M&A), Astrid Wellhöner, LL.M. Eur. (Employment Law), Stephanie Wurm (Employment Law), Peter M. Schäffler (Tax), Bettina Neheider (Public Sector and Public Procurement), Christoph Nöhles, LL.M. (Boston University) (Real Estate & Construction) and Fabian Schmitz (Real Estate &Construction).

The Hengeler Mueller team was led by Kai-Steffen Scholz (Corporate/M&A, Berlin) and included partner Markus Ernst (Tax, Munich) as well as associates Ingo Berner, Niclas Bettien (both Corporate/M&A, Berlin) and Tim Würstlin (Tax, Munich).

Involved fees earner: Ingo Berner – Hengeler Mueller; Niclas Bettien – Hengeler Mueller; Markus Ernst – Hengeler Mueller; Kai-Steffen Scholz – Hengeler Mueller; Tim Würstlin – Hengeler Mueller; Boris Dürr – Heuking Kühn Lüer Wojtek; Christoph Küster – Heuking Kühn Lüer Wojtek; Bettina Neheider – Heuking Kühn Lüer Wojtek; Ralf Nobis – Heuking Kühn Lüer Wojtek; Christoph Nöhles – Heuking Kühn Lüer Wojtek; Peter Schäffler – Heuking Kühn Lüer Wojtek; Fabian Schmitz – Heuking Kühn Lüer Wojtek; Astrid Wellhöner – Heuking Kühn Lüer Wojtek; Stephanie Wurm – Heuking Kühn Lüer Wojtek;

Law Firms: Hengeler Mueller; Heuking Kühn Lüer Wojtek;

Clients: Lifespot Capital AG; Munich Hotel Partners GmbH;

Author: Federica Tiefenthaler