Noerr advises Cliq Digital AG on acquisition of further shares in Hype Ventures B.V. by way of capital increase in kind

Noerr has advised Cliq Digital AG with respect to their purchase of the remaining 20% of the shares of Hype Ventures B.V. Cliq Digital AG is a globally active provider of streaming entertainment services. Its shares are traded in the Scale sub-segment of the open market at the Frankfurt stock exchange.

The transaction involves both founders of Hype Ventures B.V. disposing of their still remaining shares in the company. As a consequence, Cliq Digital AG will become the owner of 100% of Hype Ventures B.V.’s shares. Apart from a cash component and earn-out payments, the sellers will receive a total of 320,000 new shares in Cliq Digital AG as consideration.

Noerr provided comprehensive transaction advice in connection with all aspects of German law, in particular with respect to the capital increase from authorized capital and capital markets law in general as well as financing issues. The Noerr capital markets team, which regularly advises Cliq Digital AG with respect to equity and capital markets law, was lead by Dr. Stephan Schulz, partner at Noerr’s Hamburg office.

German counsel: Noerr

Dr. Stephan Schulz (leading advisor, equity and capital markets law, Hamburg), Sebastian Bock, Michael Schuhmacher (both banking & finance, Frankfurt am Main).

Associates: Dr. Jan Hoffmann Linhard (equity and capital markets law, Hamburg).

Dutch counsel: Lexence (Wouter Helder)