Flick Gocke Schaumburg has provided comprehensive legal and tax advice to Global Auto Holdings Limited (“GAHL”) on its acquisition of Mercedes-Benz dealerships in Berlin from Mercedes-Benz AG. The transaction is subject to regulatory approval, and the parties have agreed not to disclose the purchase price.
The Mercedes-Benz Berlin operation comprises seven dealerships, employing more than 1,100 people. Its flagship site is Salzufer, widely regarded as the largest Mercedes-Benz‑owned showroom globally. GAHL intends to continue investing in the growth of the Mercedes-Benz Berlin dealerships and their staff. The acquisition marks GAHL’s entry into the German market.
Flick Gocke Schaumburg advised GAHL on legal and tax matters throughout the transaction, including the negotiation of transaction documents and tax structuring, and is assisting with reporting the transaction to the European Commission.
Advisors to Global Auto Holdings: Flick Gocke Schaumburg
Dr. Matthias Heusel (lead, corporate/M&A), Dr. Daniel Dreßler (tax law), Dr. Sandy Siegfanz-Strauß (labor and employment law), Dr. Jörg Kurzenberger (VAT), Dr. Florian Haus (antitrust law), Dr. Christoph Brünger (corporate M&A), Dr. Alexander Heinen (commercial/real estate), Alexander Löschhorn (data privacy law); associates: Marcel Bühner (corporate M&A/real estate), Jennifer Hummel (corporate M&A), Marcus Zimmermann (real estate), Melanie Jänsch (supervisory law), Stefan Schönhöffer, Dr. Patrick Kompolsek (both tax law), Kristina Honstein (labor and employment law), Dr. Valentin Urban, Dr. Anna-Lena Weusthof (both antitrust law), Matthias Body (VAT)
As part of the transaction, Flick Gocke Schaumburg worked with the law firm Leitfeld on public law matters (Matthias Schleifenbaum, Christian Müller, Margret Schellberg, and Konrad Riemer).
Global Auto Holdings, with its registered office in the United Kingdom and origins in Canada, is one of the world’s leading automotive retailers, with global turnover in excess of USD 8 billion. The group currently runs distribution centers in the United Kingdom, Scandinavia and North America. GAHL currently operates 215 new car dealerships worldwide, employing around 7,000 people, and has grown significantly since it was founded in 2014. The group already has a close partnership with Mercedes-Benz across numerous sites in the United Kingdom and the United States. <<<
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