White & Case Advises Verdane on Acquisition of Majority Stake in Re-Commerce Provider momox
Global law firm White & Case LLP has advised private equity investor Verdane on an agreement to increase its investment to become the new majority owner of recommerce provider momox, Europe's largest re-commerce company for books, CDs, DVDs, computer/video games and clothing.
Verdane originally invested in momox in September 2018. The parties have agreed not to disclose volume and details of the transaction.
Verdane helps growth-stage companies in the software, consumer internet, energy and high-technology industries accelerate and scale their businesses internationally. Its funds have close to €1.8 billion in total committed capital. Verdane has offices in Berlin, Copenhagen, Helsinki, London, Oslo, and Stockholm.
momox is Germany's leading online re-commerce company for used books, CDs, DVDs, computer and video games and clothing. The company, founded in 2004 by Christian Wegner, has more than 1,700 employees at six sites and offers its service in the United Kingdom, France and Austria. momox is the biggest vendor for used goods on amazon worldwide and number three on eBay.
The White & Case team was led by partner Matthias Kiesewetter (Hamburg) and included partners Henrik Wireklint (Stockholm), Justus Herrlinger (Hamburg) and Bodo Bender (Frankfurt), local partner Tim Bracksiek (Frankfurt) as well as associates Moritz Müller-Buttmann (Hamburg), Jochen (Josh) Hoerth (Frankfurt), Julia Cornelius and Sebastian Stütze (both Hamburg).
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