Osborne Clarke advised the Südwestdeutsche Medienholding on the takeover of 7Mind GmbH.
This takeover is an important transaction for SWMH in the newly created ventures business.
According to the SWMH, the acquisition is intended to lay the foundation for the development of a digital health platform. The takeover is part of the corporate strategy, according to which acquisitions of growth businesses until the end of 2022 should make a significant contribution to the diversification of the group of companies.
After the takeover, the company founders and Managing Directors Jonas Leve and Manuel Ronnefeldt will continue to perform their functions and 7Mind will remain connected in the future.
7Mind is one of the largest platforms for offering digital content for meditation and mindfulness in the German-speaking world. According to 7Mind, over 1.5 million users have found the app to be a user-friendly and scientifically sound entry into the world of meditation and mindfulness.
Südwestdeutsche Medien Holding GmbH is a German media company based in Stuttgart.
The Osborne Clarke team, which advised the Südwestdeutsche Medienholding on the takeover, consisted of Nicolas Gabrysch (Picture), Till-Manuel Saur, Philip Meichssner, Konstantin Ewald and Arne Katharina Ruhwinkel. Carlsquare acted as financial advisor for 7Mind.
Involved fees earner: Konstantin Ewald – Osborne Clarke; Nicolas Gabrysch – Osborne Clarke; Philip Meichssner – Osborne Clarke; Arne Katharina Ruhwinkel – Osborne Clarke; Till-Manuel Saur – Osborne Clarke;
Law Firms: Osborne Clarke;
Clients: Südwestdeutsche Medienholding;