As announced by online baby goods retailer windeln.de on 19 January 2015, Goldman Sachs has participated as main investor in the company’s latest financing round. Existing investors Deutsche Bank and DN Capital also took part in the financing round, which saw windeln.de raising a further EUR 45 million in capital.
Following its recent advising of Goldman Sachs on its acquisition of a stake in online eyewear retailer Mister Spex, this is the second time within a relatively short period that Gleiss Lutz has acted for the US investment bank on one of the largest venture capital financing rounds of the past twelve months in Germany.
Windeln.de was established in late 2010 in Munich, and by the end of financial year 2014 had already generated gross sales of approx. EUR 130 million. The company is one of the leading online retailers of baby items in Germany, Austria and Switzerland. The investment is aimed at supporting the company's strategic expansion and serves in particular to finance expansion of the product portfolio, the geographic market as well as potential acquisitions.
Goldman Sachs was advised by the following team of Gleiss Lutz lawyers: Dr. Jan Bauer (partner, Frankfurt), Dr. Jan Balssen (partner, Munich, both lead), Dr. Rüdiger Schmidt-Bendun, Lars Jeschke (both corporate/M&A, Frankfurt), Dr. Roland Hartmannsberger (counsel, product liability, Stuttgart), Dr. Alexander Molle (counsel), Dr. Dennis Amschewitz (both IP/IT, Berlin), Muriel Kaufmann (employment, Stuttgart), Dr. Burghard Hildebrandt (partner), Dr. Jacob von Andreae (both public law, Düsseldorf), Dr. Christian Hamann (counsel, data protection/regulatory, Berlin).
Forward
