About You plans to invest the majority of the proceeds of around €657 million from the placement of new shares to scale its commerce operations internationally, accelerate the roll-out of its SaaS business in its technology, media and enabling (TME) segment, and to develop its tech infrastructure and distribution centers.
With more than 30 million unique monthly active users, About You is one of the largest fashion and lifestyle platforms in Europe. It is currently active in 23 European markets.
Milbank advised About You and Otto Group on all corporate matters relating to the IPO, as well as certain capital market law aspects. Milbank previously advised Otto Group, among other transactions, on Heartland’s investment in About You.
The Milbank Team that advised About You and Otto Group on the IPO was led by Christoph Rothenfusser, Norbert Rieger and Sebastian Heim (all Corporate/M&A, Munich) and included partners Rolf Füger (Tax, Munich) and Alexander Rinne (Antitrust) as well as associates Sebastian Reiner-Pechtl, Pascal Härdtner, Josef Wittmann, Manuel Bogenreuther, Maximilian Pechtl, Christina Beck (all Corporate/M&A); Moritz Philipp (Tax) and Nils Bremer (Antitrust).
Milbank LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York over 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives. To learn more about Milbank and its attorneys, please visit or follow us on LinkedIn, Twitter and Instagram.
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