DLA Piper advised the fund Special Situations Venture Partners III (SSVP), advised by Orlando Management AG, on the intended acquisition of  Innight in Germany, Austria, Belgium and The Netherlands, from TNT Express N.V. for an undisclosed sum. The completion of the transaction, which is structured as combined asset and share deal, is subject to the approval of the competent merger clearance authorities.

The SSVP funds have invested in medium-sized companies and corporate subsidiaries in the German-speaking region since 2001. The current portfolio has seven companies with an annual worldwide turnover of approximately EUR 1.5 billion.

The DLA Piper team led by partner Dominik Stühler and counsel Dr. Kai Terstiege (both Corporate, Munich) included partner Dr. Konrad Rohde and counsel Dr. Raimund Behnes (both Tax, Frankfurt), partner Dr. Thilo von Bodungen and associate Olga Blaszczyk (both Commercial, Munich), associates Marcel Hügel and Till Basfeld (both Employment, Munich), senior associate Britta Jilge (Real Estate, Munich) and partner Casper Hamersma (Corporate, Amsterdam), associate Sebastiaan Brommersma (IPT, Amsterdam), associate Leopold Ecker (Employment, Amsterdam), associate Wouter Kolkman (Tax, Amsterdam) as well as other lawyers from DLA Piper’s European offices.