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Latham Advises Hg on Sale of MeinAuto’s Divisions

January 4, 2024
Cross-practice team represents the leading investor in software and services businesses on the transaction.

Latham & Watkins has advised Hg, a leading investor in European and transatlantic software and services businesses, on the sale of the "MeinAuto" and "Mobility Concept" divisions of MeinAuto Group, a leading online retailer for new cars in Germany, to Mobilize Lease & Co, a subsidiary of Mobilize Financial Services, which is part of the Renault Group.

Hg will remain invested in Athletic Sport Sponsoring, a leading flat-rate car subscription provider in Germany and previous division of MeinAuto Group, which will be built out as a standalone business.

Latham & Watkins regularly advises Hg on transactions, most recently on an investment by Permira in the GGW Group.

The Latham team was led by Frankfurt partners Oliver Felsenstein and Maximilian Platzer, with Frankfurt associates Sönke Bock, Annika Bilics, Nils Horst, and Lara Stelmach, and Munich associate Lena Hummel. Advice was also provided on tax matters by Munich partner Stefan Süß, with associate Johannes Lieb; on IP matters by Frankfurt partner Susan Kempe-Müller, with associate Daniela Jaeger; on finance matters by partners Alexandra Hagelüken and Sibylle Münch, with counsel Frank Bierwirth and associate Ralph Dräger; on financial regulatory matters by partner Axel Schiemann, with associate Dominik Schöneberger; on regulatory matters by counsel Joachim Grittmann, with associate Alexander Wilhelm; on antitrust matters by partner Max Hauser, with associate Judith Jacop; on real estate matters by counsel Sven Nickel, with associate Marie-Christine Welp; on data privacy matters by associate Jonas Kraus; and on employment matters by Munich counsel Florian Dehmel, with associate Christian Strauß.