Weil has advised automotive suppliers Bosch, Schaeffler, ZF and AUMOVIO on the tax law aspects of the sale of their joint venture SupplyOn to Bain Capital.

Weil’s German Tax team provided comprehensive tax-related support for the transaction. The advice centered in particular on the design and implementation of a complex tax transaction structure on the sellers’ side, involving the specific challenge of aligning the tax interests of all sellers. In addition, Weil was responsible for negotiating the transaction documents from a tax perspective.

SupplyOn is one of the leading providers of cloud-based supply chain collaboration. The platform connects more than 140,000 companies globally from the automotive, aerospace, rail and other manufacturing industries, making global supply chains more transparent, efficient and resilient.

The assignment underlines Weil’s strength in structuring complex transactions at the intersection of the technology and automotive industries.

The parties agreed not to disclose the financial terms of the transaction.

The Tax team was led by partner Benjamin Rapp (Munich) and included the associates Daniel Reich (Frankfurt) and Nicolas von Wallis (Munich).