International legal practice Osborne Clarke has advised Torsten Grimm, founder and co-shareholder of Maxstore GmbH, on the sale of his shares to Simia Holding AG.

Swiss-based Simia Holding AG has an annual turnover of over 200 million euro and specialises in the fields of textiles and sporting goods.

Münchberg-based Maxstore GmbH is a leading provider in the e-commerce platform with 50 employees and annual revenue of around 25 million euro. The sale will benefit Maxstore’s overseas sales network, cost advantages and improve their investment opportunities.

The Osborne Clarke team that advised Torsten Grimm was led by Partner Dr Martin Sundermann who was assisted by Annalisa Greger (both M&A).