Hengeler Mueller advises Fintyre on acquisition of Reifen Krieg Group

European FinTyre Distribution Limited (“EfTD” or “Fintyre”), one of the largest Pan European tyre distributors, has announced the signing of a definitive agreement to acquire Reifen Krieg Group, a leading full-range tyre wholesaler in Germany. Reifen Krieg’s shareholders, Holger Krieg and Tobias Fink, will continue as managing directors of the group. EfTD – owned by Bain Capital Private Equity, a leading global investment firm – aims to become the largest independent tyre distributor in Europe through both organic growth and acquisitions. In 2017, Bain Capital acquired Fintyre, the leading distributor of replacement tyres in Italy, and Reiff Tyre Group, an independent multi-channel tyre distributor in Germany.

Reifen Krieg Group and Reiff Tyre Group will operate independently in the German market as sister companies held by EfTD. The combined business will have more than 1.300 employees and generate revenue of EUR 1.1 bn.

Hengeler Mueller is advising Fintyre on the transaction. The Hengeler Mueller team is led by partner Daniel Wiegand (M&A, Munich) and includes partner Johannes Tieves (Finance), Christian Hoefs (Labour) (both Frankfurt), counsel Gunther Wagner (Tax, Munich) and Andrea Schlaffe (IP, Düsseldorf) as well as associates Christian Winkler, Achim Spengler (both M&A, Munich), Maximilian Wosgien (IP, Düsseldorf), Henning Hilke, Pierre G. Zickert (both Finance, Frankfurt) and Vicki Treibmann (Labour, Düsseldorf).