Hogan Lovells advised Shop Apotheke Europe Group on the acquisition of nu3 GmbH, Berlin, the specialist for functional nutrition products.
The parties agreed on a consideration by means of an issue of 54,470 new shares of Shop Apotheke Europe in bearer form and an additional cash payment. The issuance of new shares and the exclusion of the pre-emptive rights in relation thereto have been approved by the supervisory board of Shop Apotheke Europe.
The founders of nu3 GmbH, together with Jahr Group, Hamburg, will become shareholders of Shop Apotheke Europe in the course of the transaction.
In the financial year 2017, nu3 Gmbh has achieved revenues of approximately EUR 30 million of which approximately EUR 20 million were generated in European markets outside of Germany.
Shop Apotheke Europe N.V. operates an online pharmacy. The Company, led by Michael Koehler, Stephan Weber and Ulrich Wandel, markets and distributes non-prescription medications, beauty products, and personal care items across Europe. Shop Apotheke Europe, in 2017 recorded €284 Million Revenues.
Hogan Lovells advised Shop Apotheke with a team including Birgit Reese (Picture), Guido Brockhausen (Counsel), Johanna Röth-Bäcker (Senior Associate, all Corporate/M&A), Heiko Gemmel (Partner, Tax), Stefan Richter (Counsel, Employment), Sarah-Lena Kreutzmann (Senior Associate, Intellectual Property), Michael Schlitt (Relationship Partner), Dušan Stojkovic (Senior Associate, both Capital Markets), Victor de Vlaam (Partner), Leonie Huisman (Counsel), Aafke Pronk (Senior Associate, all Corporate/M&A).
Involved fees earner: Birgit Reese – Hogan Lovells; Guido Brockhausen – Hogan Lovells; Johanna Röth-Bäcker – Hogan Lovells; Victor de Vlaam – Hogan Lovells; Leonie Huisman – Hogan Lovells; Aafke Pronk – Hogan Lovells; Michael Schlitt – Hogan Lovells; Dušan Stojkovi? – Hogan Lovells; Heiko Gemmel – Hogan Lovells; Stefan Richter – Hogan Lovells; Sarah-Lena Kreutzmann – Hogan Lovells;
Law Firms: Hogan Lovells;
Clients: Shop Apotheke Europe N.V. ;