Milbank, Tweed, Hadley & McCloy LLP has advised the REIFF Group, a family company based in Reutlingen, on the sale of its Tyre and Automotive Technology Division to European Tyres Distribution Limited. The British holding European Tyres Distribution Limited is a strategic platform company based in the UK owned by Bain Capital Private Equity and also parent company of Fintyre, a leading distributor of replacement tyres in Italy.

REIFF Reifen und Autotechnik is the largest manufacturer-independent tire retailer in Germany and employs 750 people. In 2016, it generated sales of approximately €340 million to more than 285,000 customers.

The transaction remains subject to approval by the competent merger control authorities. The deal terms are confidential.

A Milbank team led by partner Peter Nussbaum comprehensively advised REIFF as lead counsel on corporate, tax, antitrust and finance law in relation to the transaction.

Advisor to REIFF Group: Milbank, Tweed, Hadley & McCloy LLP

Peter Nussbaum (lead, Corporate/M&A, Munich), Rolf Füger (Tax, Munich), Mathias Eisen (Finance, Frankfurt), Alexander Rinne (Competition, Munich), Joel Harrison (Corporate, London), Benjamin Leuchten, Leif Klinkert (all Corporate/M&A, Munich), Jörg Schrade, Corinna Knollmüller (both Tax, Munich), Katja Lehr, Thomas Möller (both Finance, Frankfurt), Vanessa van Weelden (Competition, Munich)