Shearman & Sterling advised the previous shareholders of MeinAuto GmbH, including Holtzbrinck Ventures GmbH, Global Founders Capital GmbH & Co., Beteiligungs KG Nr. 1, Vorwerk Direct Selling Ventures GmbH and Herrn Nicolas Leutwiler, on the sale of their shares to the U.K. investment firm HgCapital.
The online platform MeinAuto.de is Germany’s leading online website for new car sales. MeinAuto, founded in 2007, is headquartered in Cologne, Germany. The company has over 16 million visitors per year and is connected to more than 9,000 car dealers.