Joint venture creates prominent digital marketplace group. The advisors 

La Mobilière, TX Group, Ringier and General Atlantic form a joint venture to create a digital marketplace group.  The CEO of the joint venture will be Gilles Despas, currently CEO of the Scout24 Switzerland group.  

The merger of TX Markets and Scout24 Schweiz’s online marketplaces will form a Swiss group spanning the real estate, vehicle, financial services and general marketplace sectors. The joint venture will create one of the largest digital companies in Switzerland.    

All parties involved have minority stakes in the joint venture. TX Group will hold a 31% interest in the new joint venture; Ringier AG and La Mobilière will each hold a 29.5% share, and growth equity investor General Atlantic will have a 10% interest. The four shareholders will each have 25% of voting rights. The independent group of companies aims to go public in the medium term. 

 The advisors 

Bär & Karrer acted as legal advisor to La Mobilière in this transaction. The team includes Christoph Neeracher (partner, m&a, pictured top), Lucas Jagmetti (partner, m&a), Thomas Rohde (partner, m&a), Raphael Annasohn (partner, m&a), Benjamin Grunwald (legal employee), Dominique Nguyen (junior associate, m&a), Susanne Schreiber (partner, tax) and Angelica Schwarz (associate, tax), Michael Trippel (partner, corporate), Mani Reinert (partner, competition law), Daniel Flühmann (partner, regulatory), Jonas Bornhauser (associate, ip/it), Laura Widmer (partner, employment), Rocco Rigozzi (associate, real estate), Rehana Harasgama (associate, data protection).

Walder Wyss acted as legal counsel to TX Group. The team has been co-led by Markus Vischer (partner, corporate/m&a, pictured left) and Urs P. Gnos (partner, corporate/m&a, pictured left) and further included Lukas Wyss (partner, finance), Reto Jacobs (partner, competition), Monique Sturny (partner, competition), Dimitrios Berger (senior associate, corporate / m&a), Dzevrije Zendeli (senior associate, corporate / m&a)), Christoph Stutz (counsel, employment), Claudia Weber (senior asscociate, corporate/ m&a), Timon Nydegger (associate, corporate/ m&a), Alice Vorburger (associate, corporate / m&a)), Riccardo Brazerol (associate, corporate / m&a), Chiara Wirz (associate, employment), Hugh Reeves (senior associate, RCTI) and Aurélien Bill (associate, RCTI). 

Pestalozzi acted as legal counsel to Ringier on all Swiss law aspects of the transaction. The Pestalozzi team included (partner, corporate/m&a/ competition & trade, pictured left),  Christian Roos (partner, employment), Florian Schnyder (associate, corporate/m&a),  Severin Etzensperger (associate, competition), Mercedes Chiabotti (associate, corporate /m&a), Lukas Breu (junior associate, corporate/ m&a), Manuela Morel (paralegal, corporate services)