Bird & Bird advises Matomy on the sale of Team Internet
Munich, January 2020 - Bird & Bird LLP has advised Israeli Matomy Media Group Ltd. on the sale of Munich-based Team Internet AG to London-based CentralNic Group PLC.
The purchase price is US$ 48 million. A share of US$45 million will be paid in cash, and a further US$3 million in shares in the CentralNic Group. The purchase price represents 4.5 times Team Internet AG’s adjusted EBITDA for the trailing 12 months ended June 30, 2019 of $10.6 million.
Team Internet is a leading provider of domain name monetization services. As of Dec. 31, 2018, the AG reported audited net sales of $75.6 million and adjusted EBITDA of $14.2 million.
Matomy Media Group Ltd. was advised by the following Bird & Bird attorneys:
Partner Stefan Münch, Counsel Michael Gassner and Associate Daniel Gloor all Corporate/ M&A, Munich.
About Bird & Bird
Bird & Bird is a leading international law firm with over 1,300 lawyers in 30 offices in 20 countries in Europe, the Middle East, Asia Pacific and North America. In Germany, we are represented by more than 220 lawyers in Düsseldorf, Frankfurt, Hamburg and Munich and also have a presence in Berlin. We focus our consulting in particular on industrial sectors that are developing new technologies and helping to shape digitalization or are being changed by it. Our attorneys cover the full range of business and corporate law, particularly in areas where technology, regulation and intellectual property play a special role. www.twobirds.com.