Kellerhals Carrard advises velocorner on majority stake acquisition by TCS

The Touring Club Switzerland (TCS) has acquisted a majority stake in the startup velocorner, the largest online marketplace for bicycles in Switzerland with over 40,000 bikes listed on the platform and around 400 specialist bicycle dealers represented.

The acquisition of the online bicycle marketplace means a return to the origins for TCS. Velocorner was founded in 2019 by Ciril Stebler and Mario Friedli and they will remain as minority shareholders in the company. The parties agreed not to disclose the purchase price.

Kellerhals Carrard has supported the sellers in this transaction. The team was composed by Patric Brand (corporate/m&a; pictured left), Regina Schlup Guignard (tax; pictured right) and trainee Lea Scheidegger (corporate/m&a).