Berlin – CMS has once again advised a recent digital start-up on a successful exit: listed company Market Tech Holdings of London is acquiring 75% of the shares in glispa GmbH, a Berlin-based provider of digital marketing and mobile advertising services.
A team from CMS in Germany led by Dr Jörg Zätzsch, John Hammond and Jesko Nobiling advised sole shareholder and founder Gary Lin on all aspects of the sale. Dr Jörg Zätzsch: “This transactions shows that Berlin is a hot market, particularly for foreign investors.” The law firm regularly advises Berlin-based start-ups on exits, most recently working on the sale of job portal Absolventa to the Essen-based FUNKE media Group. The team has particular expertise with regard to UK purchasers. In 2014, the same team provided advice on the sale of online advertising provider Sociomantic to London-based dunnhumby Ltd., one of the biggest Berlin exits of 2014.
Founded in the USA in 2001, glispa has been headquartered in Berlin since 2008. Its customers include advertising customers from the mobile and digital entertainment sectors, which it supports globally with solutions for online marketing campaigns via various channels. Listed-company Market Tech’s operations include running the famous Camden street markets in London, and the company intends to boost digital marketing of its services through this strategic investment.
CMS Hasche Sigle
Dr Jörg Zätzsch
John Hammond, both Corporate
Jesko Nobiling, Tax/Corporate, all Lead Partners
Dr Gerd Leutner, Corporate
Dr Ole Jani
Dr Kai Hermes, both IP
Dr Sören Langner, Employment