{"id":48676,"date":"2023-06-01T13:57:56","date_gmt":"2023-06-01T11:57:56","guid":{"rendered":"https:\/\/newserver.fyb.de\/e-commerce-aggregator-elevate-brands-sells-to-sellerx\/"},"modified":"2023-06-01T13:59:24","modified_gmt":"2023-06-01T11:59:24","slug":"e-commerce-aggregator-elevate-brands-sells-to-sellerx","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/e-commerce-aggregator-elevate-brands-sells-to-sellerx\/","title":{"rendered":"E\u2011commerce aggregator Elevate Brands sells to SellerX"},"content":{"rendered":"<p>Berlin \/ Austin (Texas) \u2014 Weil advi\u00adses e\u2011commerce aggre\u00adga\u00adtor Elevate Brands on its acqui\u00adsi\u00adtion by SellerX. SellerX, a leading eCom\u00admerce aggre\u00adga\u00adtor in Europe, has signed an agree\u00adment to acquire Elevate Brands, one of the most estab\u00adlished eCom\u00admerce aggre\u00adga\u00adtors in the&nbsp;US.<\/p>\n<p>The combi\u00adned company, SellerX Group, will be one of the largest and most profi\u00adta\u00adble global conso\u00adli\u00adda\u00adtors of eCom\u00admerce brands, with total reve\u00adnues of more than \u20ac400 million, a strong global presence and a diver\u00adsi\u00adfied product port\u00adfo\u00adlio of more than 80 Amazon-owned consu\u00admer brands.\u2019<\/p>\n<p><strong>Phil\u00adipp Trie\u00adbel and Malte Horeys\u00adeck, co-CEOs of SellerX<\/strong>, will lead the SellerX Group, while the co-foun\u00adders of Elevate Brands (Ryan Gnesin, Jeremy Bell, Robert Bell) will remain in key leader\u00adship posi\u00adti\u00adons. The acqui\u00adsi\u00adtion is expec\u00adted to close by the end of June 2023, subject to custo\u00admary closing condi\u00adti\u00adons.  <strong>The exis\u00adting share\u00adhol\u00adders of SellerX and Elevate Brands have also agreed to invest more than \u20ac60 million in a new equity finan\u00adcing&nbsp;round.<\/strong><\/p>\n<p><strong>Consul\u00adtant Aggre\u00adga\u00adtor Elevate Brands: WEIL<\/strong><\/p>\n<p>The German Weil tran\u00adsac\u00adtion team was led by the Munich Corpo\u00adrate <strong>Part\u00adners Prof. Dr. Gerhard Schmidt and Dr. Barbara Jagers\u00adber\u00adger<\/strong>.  (both Corpo\u00adrate, Munich) and compri\u00adsed part\u00adner Tobias Geer\u00adling (Tax, Munich), coun\u00adsel Julian Schwa\u00adne\u00adbeck (Corpo\u00adrate, Frank\u00adfurt) and Dr. Konstan\u00adtin Hoppe (IP\/IT, Munich) and asso\u00adcia\u00adtes Dr. Maxi\u00admi\u00adlian Schmitt, Seve\u00adrin Scholz, Amelie Zabel (all Corpo\u00adrate, Munich), Nata\u00adscha Sp\u00e4th (Corpo\u00adrate, Frank\u00adfurt), Fabian Kraupe (Labor Law, Munich), Mario Kuhn (Data Protec\u00adtion Law, Frank\u00adfurt), Laura Kirch\u00adber\u00adger (Real Estate, Munich), Manuela Minsel (Tax, Munich) and Stef\u00adfen Giolda (Anti\u00adtrust, Munich). The U.S. aspects were legally advi\u00adsed by part\u00adners Eoghan P. Keenan (Lead, Corpo\u00adrate, New York), Paul J. Wessel (Tax, New York) and Devon Bodoh (Tax, Washing\u00adton) with support from Coun\u00adsel Michael Naugh\u00adton (Anti\u00adtrust, New York) and asso\u00adcia\u00adtes Nathan Trun\u00adnell, Sichun (Julia) Liu (both Corpo\u00adrate, New York), Radhika Tahi\u00adliani (Tax, New York) and Carlos Parra (Tax,&nbsp;Miami).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berlin \/ Austin (Texas) \u2014 Weil advi\u00adses e\u2011commerce aggre\u00adga\u00adtor Elevate Brands on its acqui\u00adsi\u00adtion by SellerX. SellerX, a leading eCom\u00admerce aggre\u00adga\u00adtor in Europe, has signed an agree\u00adment to acquire Elevate Brands, one of the most estab\u00adlished eCom\u00admerce aggre\u00adga\u00adtors in the&nbsp;US. The combi\u00adned company, SellerX Group, will be one of the largest and most profi\u00adta\u00adble global&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":48679,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1368,1371,2635],"tags":[],"class_list":["post-48676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-consultants-auditors","category-deals-en","category-corporate-finance-mergers-acquisitions-en-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>E-commerce aggregator Elevate Brands sells to SellerX - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/e-commerce-aggregator-elevate-brands-sells-to-sellerx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-commerce aggregator Elevate Brands sells to SellerX - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Berlin \/ Austin (Texas) \u2014 Weil advi\u00adses e\u2011commerce aggre\u00adga\u00adtor Elevate Brands on its acqui\u00adsi\u00adtion by SellerX. SellerX, a leading eCom\u00admerce aggre\u00adga\u00adtor in Europe, has signed an agree\u00adment to acquire Elevate Brands, one of the most estab\u00adlished eCom\u00admerce aggre\u00adga\u00adtors in the&nbsp;US. 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