PwC Legal advises consortium on acquisition of Planet Sports
Düsseldorf, 29 May 2020
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to a consortium led by Invision Capital Partners V Ltd. and the experienced founders of TonerPartner.com on the acquisition of the PlanetSports Group. PwC Legal led the negotiations of the asset purchase agreement and supported the corporate restart of the Planet Sports Group.
Planet Sports, based in Munich, has been synonymous for the past 25 years with board-sports, associated-streetwear and adventure. From now on, the business is returning to its roots, board-sports and e-commerce. Planet Sports will benefit from the significant joint expertise of its new shareholders in successfully developing a profitable and rapidly growing e-commerce business.
Invision is a leading European investor, focused on mid-market companies based in the German speaking regions. Since 1997 Invision invested in over 50 companies, supporting growth with capital and value creation initiatives. Invision partners with entrepreneurs, managers and family shareholders.
The TonerPartner Group is headquartered in Hattingen and has over 130 employees. Its leading European web-shop specializes in selling printing consumables to SME customers. In 2016 Invision acquired a majority stake in TonerPartner.com.
Advisors Invision and founders of TonerPartner.com:
Lars Benger (Lead), Dr. Johannes Auf dem Kampe, Rebecca Lappeßen (M&A/Private Equity, Düsseldorf), Hubertus Kleene, Johanna Battmer (Antitrust law and foreign trade law, Düsseldorf und Hannover), Martin Vollmann (Insolvency employment law, Berlin), Sebastian Harder (Insolvency law, Cologne), Dr. Jan-Peter Ohrtmann und Dr. Alexander Golland (Data protection law, Düsseldorf)
About PwC Legal:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
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