Noerr has advised Rebelle as the target company of a public takeover offer made by Lithuania’s Vinted. Gernandt & Danielsson reportedly also advised Rebelle. Roschier and Hengeler Mueller reportedly advised Vinted.
Closing is expected in August 2022, pending regulatory approval.
According to Noerr, “Vinted is offering Rebelle shareholders a cash payment of SEK 14.10 per Rebelle share. This corresponds to a total offer value of approximately SEK 315 million. Rebelle’s board of directors has recommended that the shareholders of Rebelle accept the offer.”
Rebelle is the parent company of Hamburg-based StyleRemains, which operates Rebelle.com, an online marketplace for second-hand designer fashion. Rebelle’s shares have been traded on the Nasdaq First North Growth Market in Stockholm since February 2022.
Founded in Vilnius, Lithuania, in 2008, Vinted operates an online marketplace for second-hand fashion. The company has operations in France, Germany, Belgium, Spain, Italy, the Netherlands, Austria, Poland, the Czech Republic, Lithuania, Luxembourg, the UK, and the US.
The Noerr team was led by Hamburg-based Partner Stephan Schulz and included Senior Associate Jan Hoffmann Linhard and Associate Marco Siemers.