On 23 June 2022, the annual general meeting of MyHammer Holding AG approved a merger agreement under which MyHammer Holding AG will be merged into Instapro II AG. MyHammer Holding AG is a public company with a free float ratio of 15.42%. With a shareholding of 84.58%, HomeAdvisor GmbH, an indirect subsidiary of IAC/InterActiveCorp, is MyHammer Holding AG's majority shareholder. HomeAdvisor GmbH also indirectly holds all shares in Instapro II AG. The operating subsidiaries of MyHammer Holding AG and Instapro II AG each operate digital marketplaces for tradesmen services. The objective of the merger is the unification and consolidation of the European business of HomeAdvisor. The merger will become effective upon registration in the commercial register.
Hengeler Mueller advises HomeAdvisor and Instapro II AG on the merger. The team includes partners Oliver Rieckers and Bernd Wirbel, counsel Matthias Cloppenburg and Petra Mennicke as well as associates Eric Becker, Ingo Albert and Barbara Boytinck (all Corporate, Düsseldorf).