April 26, 2016
The Frankfurt and Munich offices of Weil advised the shareholders of the sports betting group Tipico in the sale of a majority stake to private equity investor CVC Capital Partners. The current owners of Tipico will retain an interest of 40% in the company. Tipico is Germany's market leader in sports betting and online casino games and an important sponsor of "Bundesliga" soccer clubs such as FC Bayern München and Hamburger SV.
The Weil transaction team was led by Corporate partner Gerhard Schmidt and included partner Barbara Jagersberger; Tax partner Tobias Geerling; Corporate associates Michael Lamsa, Andreas Vath, Manuel Fringer, Anna Loibl, Vanessa Schmieding and Micha Gersdorf; Tax associates Matthias Full and Jörg Fischer; Employment Litigation associates Mareike Pfeiffer and Johannes Allmendinger; Litigation associate Konstantin Hoppe; Finance associate Thomas Zimmermann and Dustin Scheuer; and Munich paralegals Madleen Düdder, Stephanie Schmidt and Patrik Marten.