Naxicap Germany GmbH’s Acquisition Of myStromer AG

Watson Farley & Williams and Walder Wyss advised Naxicap Germany GmbH on the deal.

Naxicap Germany GmbH acquired Swiss company myStromer AG. The sellers include the company’s founder and Swiss family offices. The parties have agreed not to disclose the details of the transaction, which is subject to approval by the relevant competition authorities. As part of the transaction, the management team will also acquire a stake in myStromer.

myStromer, founded in Oberwangen, Switzerland in 2009 by Thomas Binggeli, is shaping the future of mobility with its speed pedelecs, producing around 12,000 of these fast e-bikes (45km/h) a year at the site in Oberwangen and is the market leader its field. With subsidiaries in the Netherlands and US, it employs around 140 people and currently sells its pedelecs in 17 countries.
Naxicap is a private equity firm active in all sectors and focussed on leveraged buyouts and growth capital. It has been investing in emerging companies for more than 30 years, primarily in France, the Benelux, Spain and the DACH countries. Following investments in Lautsprecher Teufel, alwitra and Guntermann & Drunck, this transaction is the fourth independent investment by Naxicap in the DACH region on which WFW has advised them.

The WFW Germany corporate team that advised Naxicap was led by Frankfurt Partner Dr Christoph Naumann (Picture). He was supported by Frankfurt Associates Matthias Strecker, Nicolas Persch, Andreas Hitzel, Sebastian Kummler and Anja Gallmayer as well as Transaction Lawyer Lotte Dillen. Partner Romain Girtanner and Senior Associate Hélène Ibos (both Paris) advised on French tax law matters, and Hamburg partner Dr Christine Bader on merger control issues. Counsel Torge Rademacher and Associate Desideria-Alexia Pohl (both Hamburg) advised on IP law issues. Zurich’s Walder Wyss acted as Naxicap’s Swiss counsel, with Vienna’s Dorda on Austrian merger control matters.

The Walder Wyss team was led by Stefan Knobloch (Partner, Corporate/M&A) and Fabienne Anner (Managing Associate, Corporate/M&A) and further included Dimitrios Berger (Senior Associate, Corporate/M&A), Michael Kissling (Associate, Corporate/M&A), Lukas Wyss (Partner, Banking/Finance), Maurus Winzap (Partner, Tax), Janine Corti (Counsel, Tax), Dina Spörri (Associate, Tax), Hannes Meyle (Associate, IP/Data Protection) and Christoph Burckhardt (Associate, Employment).

Involved fees earner: Fabienne Anner – Walder Wyss Ltd.; Christoph Burckhardt – Walder Wyss Ltd.; Janine Corti – Walder Wyss Ltd.; Dimitrios Berger – Walder Wyss Ltd.; Michael Kissling – Walder Wyss Ltd.; Stefan Knobloch – Walder Wyss Ltd.; Hannes Meyle – Walder Wyss Ltd.; Dina Spörri – Walder Wyss Ltd.; Maurus Winzap – Walder Wyss Ltd.; Lukas Wyss – Walder Wyss Ltd.; Christine Bader – Watson Farley & Williams; Anja Gallmayer – Watson Farley & Williams; Romain Girtanner – Watson Farley & Williams; Hélène Ibos – Watson Farley & Williams; Sebastian Kummler – Watson Farley & Williams; Christoph Naumann – Watson Farley & Williams; Nicolas Persch – Watson Farley & Williams; Desideria-Alexia Pohl – Watson Farley & Williams; Torge Rademacher – Watson Farley & Williams; Matthias Strecker – Watson Farley & Williams;

Law Firms: Walder Wyss Ltd.; Watson Farley & Williams;

Clients: Naxicap Germany GmbH;

Author: Federica Tiefenthaler