Heuking Kuhn Luer Wojtek has advised the Grotkamp family on the acquisition of all shares in Funke Mediengruppe. Schoenherr advised on antitrust aspects of the deal. Milbank advised the Funke Mediengruppe.
Financial details were not disclosed. The transaction remains contingent on regulatory approval.
Funke Mediengruppe publishes twelve regional newspapers in Germany (including Westdeutsche Allgemeine, Neue Ruhr/Neue Rhein Zeitung, Hamburger Abendblatt, Berliner Morgenpost) and more than three dozen women’s magazines and TV guides (such as Hoerzu, Gong, and Bild der Frau).
According to Heuking, “the Grotkamp family – Petra Grotkamp and her children Julia Becker, Nora Marx, and Niklas Wilcke – acquired all shares from the previous co-shareholders of the Schubries and Holthoff-Pfortner family lines, thus taking over Funke Mediengruppe in full.”
Heuking’s team was led by Lawyer Andreas Urban and included Lawyers Roland Reichert, Michael Sorgel, Leonard Urban, Rainer Velte, Beatrice Stange, Jorn Matuszewski, and Michael Neises.
Schoenherr’s team included Partner Franz Urlesberger and Attorney Valerie Ditz.