Frankfurt am Main, October 28, 2020
SKYE PARTNERS’ private equity team provided legal advice to Bookwire Holding GmbH (“Bookwire“), a portfolio company of the private equity company VR Equitypartner GmbH (“VR Equitypartner“), on the acquisition of the German software technology company readbox publishing GmbH (“readbox“). Readbox is thus part of the buy-and-build strategy of Bookwire and VR Equitypartner. The parties have agreed not to disclose the terms of the transaction.
VR Equitypartner is one of the leading equity financing companies in Germany, Austria and Switzerland. The company supports medium-sized family businesses in finding strategic solutions to complex financing issues. The reasons for participation are growth and expansion financing, company successions or changes in ownership. VR Equitypartner acquired a minority stake in Bookwire in 2019.
Bookwire or its subsidiary specializes in the distribution of digital products for the publishing industry such as e-books and audiobooks. Bookwire offers the tools of the future to efficiently distribute and successfully market digital media in all sales relevant channels (says Jens Klingelhöfer, managing director of Bookwire GmbH). With its individually tailored service and software offering, all processes relating to production, sales, marketing and analysis are combined in a single solution, providing successful support for both small publishers and large media companies.
Readbox is an owner-managed medium-sized company that has been providing services in the field of conception, production, sales and marketing of digital products (especially e-books) for publishing houses for more than ten years. In addition, readbox specializes in solutions for scientific publishing in cross-media form and in supporting companies in dealing with text-based information.
SKYE PARTNERS’ team specializing in private equity, led by Christoph Breithaupt, advised Bookwire in cooperation with VR Equitypartner on the legal aspects of the transaction.
SKYE PARTNERS, Frankfurt a.M.: Christoph Breithaupt (lead, M&A/Private Equity), Sandra Brieske, Lisa Schulte (all M&A/Private Equity), Dr. Frank Bayer (Tax), Dr. Marius Fritzsche (Pusch Wahlig Workplace Law – Labour Law).
Christoph Breithaupt – SKYE PARTNERS
Tel: +49 69 99999 3800
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de)
is active since February 1, 2018 as a transaction law firm, specializing in corporate law, venture capital, private equity and restructuring. With more than 25 years of international experience in corporate transactions, we use state-of-the-art software technology to form and coordinate bespoke teams for our clients’ complex transactions. Thereby, SKYE PARTNERS already developed a growing network of more than 400 legal advisers at 17 locations in the major jurisdictions of Europe, America, Asia and the Middle East.
SKYE PARTNERS uses only those colleagues who are perfectly suited to the respective client, both professionally and personally, and with whom long-standing contacts already exist.
The knowledge of our clients, their business and the industries and markets in which they operate is the basis for generating added value for our clients. We share this knowledge with our global cooperation partners and thus offer modern, integrated and global consulting at the highest level.
Our clients include leading private equity firms, venture capital funds, investment banks and companies across a range of industry sectors, including healthcare, services, consumer products, software & technology, ITC & TMT, SAS, e-commerce and digital entertainment.