Watson Farley & Williams (“WFW”) has advised European FinTyre Distribution (“EfTD”) on its signing of a binding agreement to acquire RS Exclusiv Reifengrosshandel GmbH (“RS Exclusiv”) and TyreXpert Reifen + Autoservice GmbH (“TyreXpert”). The acquisition is subject to regulatory approval.
The EfTD Group – owned by leading global investment firm Bain Capital Private Equity – aims to become Europe’s leading tyre distribution platform through both internal growth and acquisitions of leading tyre companies. In just two years, it has acquired leading companies in the distribution of full range tyres such as Italy’s Fintyre and Germany’s Reiff Tyre Group and Reifen Krieg.
The WFW team advising EfTD was led by Frankfurt Corporate Partner Dr Torsten Rosenboom, assisted by Managing Associate Dr Jan Winzen, Senior Associate Myriam Kirchner and Associates Nicolas Persch, Matthias Murr and Can Altan. Banking & Finance Associate Alexander Piepenbrock, also in Frankfurt, advised on the financial aspects of the transaction. In Hamburg, Managing Associates Dr Norma Studt and Torge Rademacher advised on employment and IP/IT matters and Associate Christopher Grawe on real estate aspects of the transaction. Regulatory expertise was provided by Frankfurt/Munich Partner Dr Felix Siebler.
Torsten commented: “We are delighted that EfTD chose WFW to advise them on this transaction. This is a clear demonstration of both the increasing recognition of our M&A and private equity expertise, building on recent successes, and our ability to leverage our expertise both across our German offices and also beyond the firm’s core sectors of energy and infrastructure, transport and real estate”.