ABOUT YOU aligns with Zalando for major business combination
Deal News | Dec 11, 2024 | White & Case
Global law firm White & Case LLP has advised e-commerce group ABOUT YOU Holding SE on a significant business combination with Zalando SE. This deal involves Zalando making a voluntary public takeover offer to acquire all shares of ABOUT YOU for a cash consideration of €6.50 per share, bringing the total transaction value to approximately €1.1 billion. Major shareholders and the management board of ABOUT YOU have agreed to this offer. The completion of the deal, contingent on standard closing conditions, is projected for summer 2025.
Sectors
- E-commerce
- Legal Advisory
- Fashion Retail
Geography
- Germany – ABOUT YOU and Zalando are both German companies, and White & Case LLP's advisory team is based in Frankfurt and Duesseldorf.
- Europe – The transaction involves major European e-commerce players providing cross-border retail services.
Industry
- E-commerce – The transaction involves ABOUT YOU and Zalando, both prominent players in the online retail and fashion industry.
- Legal Advisory – White & Case LLP played a crucial role in advising ABOUT YOU on the business combination agreement.
- Fashion Retail – Zalando and ABOUT YOU are major companies in the multi-brand fashion retail sector.
Financials
- €1.1 billion – The total transaction value of the business combination between ABOUT YOU and Zalando.
- €6.50 per share – The cash consideration offered by Zalando for each ABOUT YOU share.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ABOUT YOU Holding SE | Target Company | Companies | A fast-growing e-commerce group focusing on fashion retail. |
| Zalando SE | Bidding Company | Companies | A leading online fashion and lifestyle platform in Europe. |
| White & Case LLP | Legal Advisor | Companies | A global law firm providing advisory services for the transaction. |