Walder Wyss acts as Swiss Counsel to Naxicap Partners in myStromer acquisition
The Private Equity firm Naxicap Germany (“Naxicap”) has acquired the Swiss company myStromer (“myStromer”). The sellers include the company’s founder and Swiss family offices. The parties have agreed not to disclose the details of the transaction, which is subject to approval by the relevant competition authorities. As part of the transaction, the management team will also acquire a stake in myStromer
MyStromer is a Switzerland-based E-bike manufacturer that develops and sells innovative electric bikes and speed pedelecs internationally. The company develops bicycle technology, electric components, software and system integration. It reported minimum estimated revenues of CHF 50m in 2020 and sold around 12,000 bikes. With subsidiaries in he Netherlands and US, it employes around 140 employees.
Naxicap is a private equity firm active in all sectors and focused on leveraged buyouts and growth capital. It has been investing in emerging companies for more than 30 years, primarily in France, the Benelux, Spain and the DACH countries.
Zurich’s Walder Wyss acted as Naxicap’s Swiss counsel with a team led by Stefan Knobloch (Partner, Corporate/M&A, pictured) and Fabienne Anner (Managing Associate, Corporate/M&A) and further included Dimitrios Berger (Senior Associate, Corporate/M&A), Michael Kissling (Associate, Corporate/M&A), Lukas Wyss (Partner, Banking/Finance), Maurus Winzap (Partner, Tax), Janine Corti (Counsel, Tax), Dina Spörri (Associate, Tax), Hannes Meyle (Associate, IP/Data Protection) and Christoph Burckhardt (Associate, Employment).
Watson Farley & Williams acted as legal counsel to Naxicap in Germany, France and Austria.