Led by Düsseldorf Partner Birgit Reese Hogan Lovells has advised Shop Apotheke Europe Group on the acquisition of nu3 GmbH, Berlin, the specialist for functional nutrition products.

The parties agreed on a consideration by means of an issue of 54,470 new shares of Shop Apotheke Europe in bearer form and an additional cash payment. The issuance of new shares and the exclusion of the pre-emptive rights in relation thereto have been approved by the supervisory board of Shop Apotheke Europe.

The founders of nu3 GmbH, together with Jahr Group, Hamburg, will become shareholders of Shop Apotheke Europe in the course of the transaction.

In the financial year 2017, nu3 Gmbh has achieved revenues of approximately EUR 30 million of which approximately EUR 20 million were generated in European markets outside of Germany.

Previously, Hogan Lovells has advised Shop Apotheke on the placement of a convertible bond (2018), on the acquisition of mail-order pharmacy Europa Apotheek (2017) and as well as on its initial public offering (2016).

Hogan Lovells for Shop Apotheke:

Dusseldorf

Birgit Reese (Partner), Guido Brockhausen (Counsel), Dr. Johanna Röth-Bäcker (Senior Associate, all Corporate/M&A);

Dr. Heiko Gemmel (Partner, Tax);

Stefan Richter (Counsel, Employment);

Sarah-Lena Kreutzmann (Senior Associate, Intellectual Property).

Frankfurt

Prof. Dr. Michael Schlitt (Relationship Partner), Dušan Stojkovic (Senior Associate, both Capital Markets).

Amsterdam

Victor de Vlaam (Partner), Leonie Huisman (Counsel), Aafke Pronk (Senior Associate, all Corporate/M&A).