22 July 2020
Gundlach Automotive Corporation Holding GmbH (GAC) has sold Goodwheel GmbH to TS Rochen Beteiligungs GmbH. By this transaction the e-commerce company for tyres, wheels and motor oils for cars and motorcycles will be re-transferred to its co-founder Hendrik Salewski and former Managing Director of Reifen24. The international law firm Taylor Wessing, led by Munich partner Philip Cavaillès, provided comprehensive legal advice to GAC on all legal topics relating to the sale of Goodwheel.
With this transaction, GAC increases its focus on the B2B business. Following the sale of Goodwheel, the holding company, which is headquartered in Raubach, Rhineland-Palatinate, comprises six companies in six countries. This makes the group a leading aftermarket distributor of tyres, rims, fully assembled wheels and related services for importers, car dealers, garages and tyre wholesalers in Germany, as well as wheel assembly services for car manufacturers in Europe. Financial investor Gilde Buy Out Partners acquired GAC from Pon Holdings B.V. at the end of 2018. Goodwheel, on the other hand, focuses on the consumer business: The combination with Reifen24 by the new buyer will create one of the largest online retailers in Germany in this market segment.
Legal advisors Gundlach Automotive Corporation
Taylor Wessing Germany: Dr. Philip Cavaillès (Lead Partner, Corporate/M&A), Dr. Daniel Schrembs (Senior Associate, Corporate/M&A), Till Schwichtenberg (Associate, Corporate/M&A), Dr. Verena Ahmann (Salary Partner, IP), Dr. Josepha Rüberg (Associate, Restructuring), Dr. Christian Maron (Salary Partner), Dr. Michael Beer (Senior Associate), both Employment Law, all Munich, Ulf Gosejacob (Partner), Jacqueline Arbogast (Senior Associate), Stella Diez (Associate) all Finance, Frankfurt.
by multiple authors