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Eversheds Sutherland advises Glanbia on the acquisition of a majority stake in LevlUp GmbH

  • Germany


    International law firm Eversheds Sutherland has advised publicly listed Glanbia group on the acquisition of a majority shareholding in LevlUp GmbH, a direct-to-customer gaming nutrition brand located in Göttingen, Germany. Sellers are the two founders as well as several early-stage investors. The two founders will remain as managing directors as well as minority shareholders of the company. The transaction was completed on 31 May 2021.

    LevlUp GmbH, founded in 2018, produces and distributes ready-to-mix powder products and accessories to gamers and e-sports athletes. The products are designed to support the user’s performance and concentration while gaming.

    Maximilian Findeisen, co-head of Eversheds Sutherland’s Dusseldorf office, comments, “We are very pleased to support our client Glanbia with this strategically important transaction in Germany and look back to a great teamwork with the client's team and a constructive cooperation with the sell-side.”

    The Eversheds Sutherland team which advised Glanbia on the transaction was led jointly by Corporate M&A partners Maximilian Findeisen (Dusseldorf) and Anthony Cross (Munich) and further included partners Simon Weppner (Tax, Dusseldorf), Lutz Schreiber (Commercial, Hamburg), Martin Bechtold (Competition, Munich), principal associates Kathrin Gack and Magdalena Kotyrba-Hagenmaier (both Commercial, Munich), senior associates Annekathrin Hoffmann (Litigation, Munich) and Steffen Morawietz (Commercial, Munich) as well as associates Luise Paulsen (Munich), Maximilian Spitzhorn-Stork (Dusseldorf, both Corporate/M&A), Niklas Schilawa (Tax, Dusseldorf), Carolin Obermaier (Commercial, Munich), Philip Kuehn (Commercial, Hamburg) and Carl-Philipp Fischer (Labour Law, Munich).

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