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Dentons and Eversheds Advise on AmRest Acquisition of Partnership Interests in Starbucks Coffee Deutschland

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Dentons has advised AmRest Holdings SE on its acquisition of all partnership interests in Starbucks Coffee Deutschland Ltd. & Co. KG, the German subsidiary of the Starbucks group. Eversheds’ Munich office advised Starbucks on the deal.

The signed agreement, which is expected to take effect in late May 2016, will result in AmRest acquiring the existing 144 equity stores and having the license to operate and develop the Starbucks brand in Germany. The purchase price will amount to approximately EUR 41 million.

AmRest is the largest publicly listed restaurant operator in Central Europe. After completing the acquisition of the German Starbucks stores, AmRest will operate restaurants and cafes in 12 countries and will employ more than 25,000 people. The company already runs more than 100 cafes under the Starbucks brand in the Czech Republic, Poland, Hungary, Romania, and Bulgaria.

The Dentons team, led by Frankfurt-based Counsel Till Buschmann, advised AmRest throughout the transaction on all German law aspects. The relationship with AmRest was referred to Dentons in Germany by the firm’s Warsaw office. Other members of the Dentons team included Partner Andreas Ziegenhagen, Counsel Sabine Wieduwilt, Josef Hainz, Michael Seppelt, and Matthias Stelzer, and Associates Isabelle Puhl, Judith Specht, and Jakob Pickartz. 

Dentons also advised AmRest on its June 2015 acquisition of Starbucks franchises in Romania and Bulgaria from the Marinopoulos Group (reported by CEE Legal Matters on June 26, 2015). Subsequently, AmRest Legal Director Global Dawid Ksiazczak — who led AmRest in this recent German acquisition as well — discussed the Bulgarian and Romanian acquisition in a Five Questions interview about that deal. 

The Eversheds team consisted of Lead Partner Christof Lamberts, Partners Sybille Flindt, Stefan Diemer, Joos Hellert, Jurjen de Korte, Frank Achilles, and Alexandra Watzlawek, Counsels Holger Holle and Arndt Scheffler, Principal Associates Maximilian Ott and Alexander Hoffmann, and Associates Jorg Hoffmann, Tobias Fodi, and Thomas Barth.

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