E+H, working with Osborne Clarke, has advised the Funke Mediengruppe on its acquisition of a stake in High Five. Brandl Talos advised High Five.
The Funke Mediengruppe is Germany's third largest newspaper and magazine publisher with a total of over 500 publications in eight countries.
According to E+H, with this transaction, the Funke Mediengruppe continues to expand in the education sector and acquires a significant stake in the operator of portals such as iamstudent.de, studiumfinden.com, and studiwohnen.com. In the long run, the current investment is aimed at the full acquisition of High Five GmbH, based in Vienna.
"The flagship product of High Five is the community 'iamstudent,' which was founded in 2014 and has several hundred thousand registered students in the DACH region. As a marketing platform for the attractive target group of students, 'iamstudent' has gained household names such as Samsung, Sky, Dominos Pizza, and Thalia as partners, which offer special student discounts," the firm reported.
The E+H team included Partners Clemens Lanschuetzer, Judith Feldner, Natalie Hahn, and Helmut Liebel and Associates Wolfgang Koefer, Alexander Moser, Maximilian Kroepfl, Matthias Schmid, and Marcel Neuhauser.
The Brandl Talos team included Partner Stephan Strass and Attorney at Law Daniel Schmidt.