Noerr advises Holtzbrinck Ventures and Rocket Internet on sale of Classmarkets

Noerr has advised Holtzbrinck Ventures and Rocket Internet on the sale of the start-up Classmarkets (Berlin) to the Scout24 Group. The parties have agreed to keep the price of the purchase confidential.

Classmarkets is a leading supplier of software-as-a-service (SaaS) solutions for online classified marketplaces of publishing and media companies and runs around 70 online marketplaces (real estate, job vacancies and cars) – in particular for regional publishing companies. The meta-search engine “Immobilo” also belongs to Classmarkets.

We often advise on significant transactions in the private equity and venture capital sector, with recent mandates including for example the Apollo joint venture Alteri on the takeover of the mail order group Walz, Inflexion Private Equity on the takeover of one of the business divisions of GfK, PE investor American Industrial Partners on the acquisition of a business division of the US group Anixter, Deutsche Invest Equity Partners on the acquisition of a holding in PlanetHome AG, the leading venture capital company Scottish Equity Partners on its investment in the German growth enterprises Babbel and Mister Spex, and the shareholders of online hearing aid distributor Audibene on its sale to Sivantos/EQT.

Advisors to Holtzbrinck Ventures GmbH & Co. KG and Rocket Internet SE: Noerr LLP
Dr. Tobias Koppmann (Private Equity & Venture Capital, Munich), Dr. Sascha Leske (Private Equity & Venture Capital, New York, Berlin), Dr. Kathrin Westermann (Antitrust & Competition Law, Berlin), Carsten Heinz (Tax, Berlin), Katrin Gänsler (Tax, Frankfurt), Dr. Birthe Hericks, Susanne Rummel, Dr. Michael Brandl (Private Equity & Venture Capital, Munich), Dr. Timo Wilke (Tax, Berlin), Nikolay Herber (Tax, Frankfurt), Dr. Tobias Kugler (IT & Software, Frankfurt), Dr. Thomas Gniadek, Janina Voogd (Intellectual Property, Munich)