Berlin – While working at SMP, members of the YPOG team advised Pepper Media Holding on the acquisition of shares in Savings United. Pepper Media Holding operates the German social commerce portal mydealz, among others. Hanse Ventures and Holtzbrinck Digital sold their shares as part of the transaction, whereas the management team remain shareholders of the company. The parties involved have agreed not to disclose further details of the deal. Pepper Media Holding received advice from a team led by Stefan Richter, Benjamin Ullrich and Frederik Gärtner on both the tax and corporate law aspects related to the structuring of the acquisition of shares as well as on tax and legal matters in connection with the transaction.
"We have seen significant developments in the shopping rewards sector for some time. In addition to a fast-growing European market in this sector, there have already been a number of acquisitions in the recent past, such as the one of shoop acquired by the Global Savings Group," says Frederik Gärtner. "We are pleased that we were able to advise Pepper Media Holding on the acquisition of shares as part of its strategic growth path and are observing further developments in the market with a lot of interest", adds Stefan Richter.
Pepper Media Holding
Pepper.com claims to be the world's largest shopping community. From its headquarter in Berlin and offices in Belo Horizonte, Guadalajara, London, Lyon, Mumbai and Winnipeg, the Pepper Media Holding operates market-leading social commerce platforms such as Dealabs, HotUKDeals and mydealz.de in 12 countries on four continents, which are used by 25 million consumers (unique users) per month and influence 12,000 purchase decisions per minute. The company was founded in 2014 by Fabian Spielberger and Paul Nikkel.
Savings United
Savings United is one of the leading coupon partners for media companies, advertisers and networks operating in 12 countries worldwide. The company aims to connect smart online shoppers with their favorite brands. By cooperating with major media companies and websites, including The Independent, ABC, Newsweek Polska or WIRED, as well as its own performance marketing expertise, Savings United creates tailored content and coupon solutions to place exclusive discount promotions. The Hamburg-based startup was named one of the fastest-growing technology companies in Germany and EMEA by Deloitte in 2020. The company's customers include Nike, Samsung, Walmart, Booking.com, PrettyLittleThing and ASOS.
Advisors Pepper Media Holding:
Stefan Richter (Tax), Partner
Dr. Benjamin Ullrich (Corporate), Partner
Dr. Frederik Gärtner (Corporate), Associated Partner
Ann-Kristin Lochmann (Tax), Senior Associate
Pia Meven (Corporate), Associate
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
