FRANZlegal advised the founders and major shareholders of the ProfitBricks GmbH, namely Andreas Gaugner and Achim Weiß, concerning the sale of their majority interest to 1&1 Internet SE. ProfitBricks GmbH with its head office in Berlin was founded in 2010 and employs over 120 employees. The company is a specialized cloud computing provider for Infrastructure-as-a-Service (IaaS) in Germany, and provides professional public and hybrid cloud solutions on the basis of the strict German and European privacy policies. ProfitBricks GmbH will now offer individual and professional cloud solutions in co-operation with 1&1 Internet SE. Achim Weiß will be member oft he board of 1&1 Internet SE and will therefore manage a new division relating to professional cloud solutions.
The transaction was closed in mid-August 2017.
The founders in this project were advised by the partners Dr. Christian Franz (M&A) Axel Staudt (M&A and competition law) and Antonio Calderon.
Contacts: Dr. Christian Franz/Axel Staudt