Penguin Random House acquires Cross Cult Entertainment

Munich — Penguin Random House Verlags­gruppe acqui­res Cross Cult Enter­tain­ment and expands its port­fo­lio to include comics, manga and manhwa. With the acqui­si­tion of Cross Cult Enter­tain­ment, Penguin Random House Verlags­gruppe is ente­ring the graphic lite­ra­ture segment. — Gütt Olk Feld­haus advi­sed Penguin Random House Verlags­gruppe on the acqui­si­tion of the Cross Cult Enter­tain­ment group. 

The exis­ting manage­ment team of Cross Cult will remain on board and will conti­nue to run the busi­ness as usual. — The Penguin Random House publi­shing group is a leading German-language consu­mer publi­shing group with loca­ti­ons in Munich, Güters­loh, Berlin and Gerlin­gen and employs almost 1,000 people. 

Cross Cult was foun­ded in 2001 and today publishes mainly comics and manga for young people and adults under the imprints Cross Cult, Manga Cult, Manhwa Cult and CROCU.

The comple­tion of the tran­sac­tion is still subject to appr­oval by the anti­trust authorities.

GOF provi­ded legal advice to the Penguin Random House publi­shing group in all phases of the tran­sac­tion process.

Legal advi­sors Penguin Random House Publi­shing Group: Gütt Olk Feldhaus

Dr. Heiner Feld­haus (Part­ner, Corporate/M&A, Lead), Thomas Becker (Of Coun­sel, IP/IT/Data Protec­tion), Matthias Uelner (Coun­sel, Corporate/M&A), Tobias Berg­meis­ter (Asso­ciate, Corporate/M&A)

Kind & Drews, Düssel­dorf: Dr. Ernesto Drews (Part­ner, Tax Law)

Finken­hof, Frank­furt am Main: Dr. Lorenzo Matthaei, Karo­lina Astner (both part­ners), Maxi­mi­lian Stock­mann (all restruc­tu­ring law advice)

Blom­stein, Berlin: Dr. Max Klasse (part­ner), Dr. Julia Lotze (both merger control)

Pusch Wahlig Work­place Law, Munich: Ingo Sappa (Part­ner), Dr. Miriam Engler (Asso­ciate) (both Employ­ment Law)

About Gütt Olk Feldhaus

Gütt Olk Feld­haus is a leading inter­na­tio­nal law firm based in Munich. We provide compre­hen­sive advice on commer­cial and corpo­rate law. Our focus is on corpo­rate law, M&A, private equity and finan­cing. In these areas of exper­tise, Gütt Olk Feld­haus also provi­des liti­ga­tion services.