Menold Bezler advises Globus Group on sale of tire centers
Stuttgart — Globus SB-Warenhaus Holding GmbH & Co. KG and other companies of the Globus Group St. Wendel has sold 19 tire centers to pitstop.de GmbH. The sale took the form of an asset deal. Menold Bezler advised Globus SB-Warenhaus Holding on this transaction. — The parties have agreed not to disclose the purchase price. The closing of the transaction is subject to approval by the relevant antitrust authorities.
The family-owned Globus company based in St. Wendel operated the tire centers on the premises of the Globus SB department stores. As part of the takeover, this space will be leased to the buyer on a long-term basis and the tire centers will continue to operate under the “pitstop” brand. The Essen-based company Pitstop, which is also family-run, is further expanding its network of around 330 automotive service workshops through this transaction.
In the past, Menold Bezler has frequently acted for Globus Fachmärkte, which also belongs to the Globus Group St. Wendel, in transactions in the DIY sector. The mandate by Globus SB-Warenhaus Holding for a transaction in the hypermarket sector, which has now taken place for the first time, builds on this successful cooperation.
Advisor Globus Group: Menold Bezler (Stuttgart)
Dr. Jochen Stockburger (Partner, Lead, M&A/Real Estate), Dr. Axel Klumpp (Partner, M&A), Marc Ehrmann, LL.M. (Real Estate Law), Ralf-Dietrich Tiesler (Partner, Labor Law), Dr. Stefan Meßmer (Partner), Daniel Klass (both Antitrust Law)
Inhouse Legal: Maiko Zimmer (Head of Legal, Lead, M&A, Antitrust), Alexander Zipfel (Head of Legal, Real Estate), Dr. Swantje Wahlen (Head of Legal, Labor Law)
About Menold Bezler
Menold Bezler is a partnership-structured commercial law firm based in Stuttgart. More than 120 professionals offer legal advice, tax advice, auditing and business management advice from a single source. Our clients include well-known medium-sized companies, listed corporations, public companies and non-profit organizations. More at www.menoldbezler.de.