Leipzig/Berlin – Rivean Capital portfolio company Best4Tires has acquired 1a Berlin-Tyre, a tyre wholesaler with one of the widest range of products in Germany. The acquisition of 1a Berlin-Tyre is another major milestone on the way to Best4Tires’ strategic goal of establishing a market presence across Germany. Details of the transaction were not disclosed. Completion of the deal is scheduled for July 2022 and is currently awaiting approval from the merger control authorities.
A CMS team headed by Dr Jörg Lips and Dr Christoph Löffler advised the seller on all legal aspects of the transaction.
1a Berlin-Tyre currently has around 100 employees and is noted for its strong service ethos. The company generates more than 50% of its sales through its online shop, which was developed in-house. The seller, Michael Lehmann, will support Best4Tires in implementing its planned growth strategy going forward.
Previously called Reifen Gundlach, Best4Tires is a leading supplier of tyres, wheels and fitted wheel and tyre assemblies in Germany and Europe.
Rivean Capital is a pioneer in the European private equity market, with 40 years of experience around the strategic development of SMEs. Since it was formed under the name Gilde Buy Out Partners, the private equity firm has completed more than 250 platform investments. Rivean Capital currently manages assets of more than three billion euros on behalf of institutional investors worldwide.
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