Berlin - SMP advised the online beverage delivery service flaschenpost in connection with the sale of all shares in the company to the Oetker group. In the course of this transaction, Oetker will become the sole shareholder of the delivery service. Oetker founded its own delivery service Durstexpress in 2017 and now acquired flaschenpost's market share to expand. The parties have agreed not to disclose the purchase price and further details regarding the contractual arrangements. The transaction is subject to approval by the responsible antitrust authorities. Once again, flaschenpost was comprehensively advised on legal and tax matters by a team led by SMP partners Matthias Schatz and Benjamin Ullrich. SMP has provided legal advice to the beverage delivery service since the company's Series B and also advised on the change of the legal form into a stock corporation as well as the SE foundation and the establishment of the group structure.
"As company counsel, SMP has provided legal support to flaschenpost in the past years during its successful expansion and rapid growth" says Matthias Schatz. "We are thrilled that the company has now also relied on us as counsel in the course of this demanding exit" Benjamin Ullrich adds.
flaschenpost is Germany's first instant beverage delivery service. flaschenpost was founded in 2016 by a team consisting of Dieter Büchl, Stephen Weich, Niklas Plath and Christopher Huesmann. In the meantime, flaschenpost supplies from 23 warehouse locations from around 150 cities in Germany. The delivery of beverages can be planned by each customer within 120 minutes after the order has been placed. The fast delivery is made possible by an IT system that combines the orders into intelligently planned tours and prepares them automatically in the warehouse.
The Oetker Group is one of the largest family-owned companies in Europe with almost 400 companies in five different business areas. The management holding company of the Oetker Group is Dr. August Oetker KG in Bielefeld. It was there in 1891 that the pharmacist Dr. August Oetker laid the foundation stone for his company. Since then, new fields of business have been continuously opened up, thus creating the diversity of the internationally active group of companies, which currently employs around 34,000 people worldwide and generated sales of 7,406 million euros in the 2019 financial year.
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 50 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.
Dr. Matthias Schatz (Lead, Corporate), Partner
Dr. Benjamin Ullrich (Lead, VC/ M&A), Partner
Dr. Malte Bergmann (Tax), Partner
Dr. Sebastian Schödel (Corporate), Associated Partner
Dr. Christoph Lüttenberg (Corporate), Associate