Schweizerische Mobiliar acquires KKR's stake in Scout24 Schweiz and forms Joint Venture with Ringier
Schweizerische Mobiliar, the oldest Swiss insurance company, agreed with KKR and other shareholders to acquire a 50% interest in Scout24 Schweiz, the leading Swiss network of online marketplaces for cars, real estate and general classifieds. Mobiliar and Ringier, who holds the other 50%, agreed on a strategic partnership with respect to Scout24.
Lenz & Staehelin advises Mobiliar in this transaction. The team includes partners Matthias Wolf (Lead, Corporate) and Astrid Waser (Competition) and associates Nicolas Bonassi, Andreas Hinsen (both Corporate), Kaj Seidl-Nussbaumer, Leo Rusterholz (both IT), Phelan Brüderlin (IP) and Jeannette Kha (Employment).