Hengeler Mueller advises HAL on acquisition of a majority stake in Pro Gamers Group
29. June 2021
HAL Investments B.V. (HAL) has signed an agreement on the acquisition of 64% of the shares in CaseGi Holding GmbH (Pro Gamers Group) based on a total enterprise valuation of EUR 820 million (cash-and-debt-free). Pro Gamers Group is active in the online retail and distribution of computer gaming equipment and accessories, both with own and third party brands. The Berlin based company operates own web shops in Germany, Finland, the United Kingdom and Australia, among other countries. The completion of the transaction is subject to customary closing conditions, including approval by the relevant competition authorities.
Hengeler Mueller advised HAL on the transaction. The team was led by partners Thomas Meurer and Bernd Wirbel (both M&A) and included partners Christian Schwandtner (Corporate/Co-Investment) (all Düsseldorf), Markus Ernst (Tax, Munich), Nikolaus Vieten (Financing, Frankfurt), Thorsten Mäger and Alf-Henrik Bischke (both Antitrust, Düsseldorf), counsel Gunther Wagner (Tax, Munich) and Peter Dampf (Financing, Frankfurt) as well as associates Tobias Schneiders, Maximilian Hermans, Maxi Ludwig (all M&A), Hanna Gotta ((Corporate/Co-Investment) (all Düsseldorf), Sebastian Adam (Tax, Frankfurt), Daniel El Awad, Sara Jungewelter (both Antitrust) and Kim Josefine Weisser (IP/IT) (all Düsseldorf).