Baker McKenzie advised Mayersche Buchhandlung with Best Of Books on the merger with the Omni-Channel book retailer Thalia.
The 55 Mayersche bookstores in North Rhine-Westphalia, the about 300 Thalia bookstores in German-speaking countries and the shop-in-shop provider Best of Books will comprise Europe's most important family-run retail bookseller. The Falter family now joins the former Thalia shareholders, the Herder, Kreke, Busch and Göritz families.
The parties agreed not to disclose the terms of the contract. The agreement is subject to the approval of the merger control authorities.
Mayersche Buchhandlung was advised by Baker McKenzie on all legal aspects in connection with the merger.
Baker McKenzie Corporate/M&A Partner Dr. Peter Wand comments: "With this merger, our client is setting an example for the successful further development of family-run book retailing in the age of online retailing".
For Thalia, the focus of all activities in the classic bookstores, the online shop and the Thalia App is on customer needs. With about 300 stores in Germany, Austria and Switzerland, Thalia is the largest retail bookseller in the German-speaking world. Thalia combines bookselling tradition with innovative digital services that make the shopping experience both inspiring and simple.
When Jacob Anton Mayer founded Mayersche Buchhandlung in 1817, he could hardly have imagined the future development of his company. Although the Mayersche Buchhandlung is no longer a small bookstore in western Germany, it is still a family-run company with a long tradition in which the emphasis is put on books as cultural assets as well as its bookselling expertise.
Baker McKenzie's Corporate/M&A team regularly advises on domestic and international transactions and restructurings. Most recently, Baker McKenzie advised Sika on its offer to acquire Parex, Georg Fischer AG on the sale of two iron casting plants in Germany, Eastman on the acquisition of a chemical production plant from Sasol, Rexnord on the sale of VAG Group to Aurelius, BITZER on a joint venture with the Wurm Group, MainFirst Holding on the sale of its equity brokerage business, HGZN on the acquisition of NIMAK Group, DBAG Fund VII on its investment in Kraft & Bauer Holding, Thor Industries on the acquisition of Erwin Hymer Group, Körber AG on the sale of the United Grinding Group, Global Ports Holding Plc on its strategic investment in Dreamlines, financial investors First State Investments and Hermes Investment Management on the acquisition of the shipping company Scandlines, Mundipharma on the sale of its Limburg production and LKQ Corporation on the acquisition of the Stahlgruber Group.
Legal Advisors to Mayersche Buchhandlung:
Lead: Corporate/M&A: Dr. Peter Wand (partner, Frankfurt)
Team: Corporate/M&A: Dr. Björn Simon (partner, Frankfurt), Julia Braun (counsel, Munich), Eva Maier (associate, Frankfurt), Jens Rikus (associate, Frankfurt), Dr. Valesca Molinari (associate, Frankfurt)
Tax: Dr. Stephen Behnes (partner, Frankfurt), Dr. Christian Port (partner Frankfurt), Sonja Klein (partner, Frankfurt), Ariane Schaaf (associate, Frankfurt), Eva Jürgens (associate, Frankfurt)
Employment: Dr. Hagen Köckeritz (partner, Frankfurt), Dr. Lena Kern (associate, Frankfurt)
IP: Dr. Rembert Niebel (partner, Frankfurt), Andreas Jauch (associate, Frankfurt)
IT: Dr. Holger Lutz (partner, Frankfurt)
Real Estate: Dr. Florian Thamm (partner, Frankfurt)
Antitrust: Christian Horstkotte (partner, Dusseldorf), Dr. Anika Schürmann (counsel, Dusseldorf),