14 July 2014 I Deals and Cases

KKR Acquires a 49% Stake in Scout24 Schweiz and Omnimedia from Ringier

KKR, a leading global investment firm, has agreed to acquire a 49% stake in Ringier's subsidiaries Scout24 Schweiz AG and Omnimedia AG. Scout24 Schweiz comprises leading online marketplaces for motor vehicles and real estate. Through its various platforms, Scout24 operates the most comprehensive Swiss network of online marketplaces that attracts some 21 million visits each month. Omnimedia is one of Switzerland's leading digital marketing companies. The transaction is subject to merger control approvals.

Bär & Karrer acts as legal advisor to KKR. The team includes Christoph Neeracher, Luca Jagmetti, Georg Frey, Nikolaus Paumgartner, Edoardo Buzzi, Charles Gschwind, Melanie Fopp and Erasmus Elsner (all M&A), Markus Wang and Fabian Wigger (IP/IT), Daniel Bader (Tax), Till Spillmann (Finance) as well as Mani Reinert (Competition Law).