Benko’s SIGNA Sports United merges with US SPAC Yucaipa Acquisition Corporation

Cate­gory: Deals
Photo: Kian Tauser, Part­ner at McDer­mott Will & Emery in Düsseldorf/Frankfurt
15. June 2021

Frank­furt a.M. — McDer­mott Will & Emery advi­sed SIGNA Sports United GmbH (SSU) in connec­tion with its merger with Yucaipa Acqui­si­tion Corpo­ra­tion (YAC), a publicly traded special purpose acqui­si­tion company (SPAC). The merger also includes the acqui­si­tion of the British online bicy­cle retailer Wiggle/CRC Group.

In the course of this so-called De-SPAC tran­sac­tion, the group struc­ture of SSU will be funda­men­tally chan­ged. Upon comple­tion of the tran­sac­tion, SSU’s shares will be traded on the NYSE; SSU, as well as the publicly traded TopCo, will have their corpo­rate head­quar­ters in Berlin.

A McDer­mott team led by Dr. Kian Kauser and Sebas­tian Bonk advi­sed SIGNA Sports United GmbH and its majo­rity share­hol­der SIGNA Inter­na­tio­nal Sports Holding GmbH on the corpo­rate and tax struc­tu­ring of the group as well as on the acqui­si­tion of Wiggle/CRC Group.

The tran­sac­tion unders­cores McDer­mott Will & Emery’s strong posi­tion in provi­ding corpo­rate and tax advice on complex cross-border transactions.

Advi­sors to SIGNA Sports United GmbH and SIGNA Inter­na­tio­nal Sports Holding GmbH: McDer­mott Will & Emery, Düsseldorf/Frankfurt
Dr. Kian Tauser (Tax Law, Frank­furt), Sebas­tian Bonk (Asso­ciate, Corporate/M&A, Düssel­dorf; both Lead), Dr. Matthias Kamp­s­hoff, Dr. Phil­ipp Gren­ze­bach (both Corporate/M&A, Düssel­dorf), Dr. Heiko Kermer (Tax Law, Frank­furt), Elea­nor West (Corporate/M&A, London), Dr. Jan Hückel (Corporate/M&A, Düssel­dorf; both for take­over Wiggle/CRC Group), Chris­tian Krohs (Anti­trust, Düssel­dorf); Asso­cia­tes: Dr. Florian Schie­fer (Tax, Frank­furt), Sebas­tian Klein (Corporate/M&A, Düssel­dorf), Daniel Ross (Corporate/M&A, London), Carina Kant (Anti­trust, Düsseldorf)

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