Gleiss Lutz advises Tiger Global on its sale of Flaschenpost
Gleiss Lutz has advised US financial investor Tiger Global on the sale of its participation in Flaschenpost SE, the online beverage delivery service, as part of the former shareholders’ complete exit.
Flaschenpost was founded in 2016. Customers can use the company’s website to have beverages delivered within two hours. Flaschenpost makes deliveries from 23 locations to around 150 towns.
Tiger Global is a venture capital and private equity investment company focusing on investments in the internet and technology industries. Gleiss Lutz has regularly advised Tiger Global for many years on investments in Germany, such as, for example, in connection with participations in Hitmeister or Feintechnik Eisfeld (Harry's). Back in 2019, Gleiss Lutz had already advised Tiger Global on its investment in Flaschenpost.
The following Gleiss Lutz team advised Tiger Global on the transaction: Dr. Ralf Morshäuser (partner, lead), Dr. Tobias Falkner (counsel), Dr. Moritz Riesener, Melina Grauschopf (all M&A, Munich), Dr. Johann Wagner (partner, Tax, Hamburg) and Dr. Christian Steinle (partner, Competition/Antitrust, Stuttgart).