Bird & Bird advises Matomy on the sale of Team Internet

Munich, Janu­ary 2020 - Bird & Bird LLP has advi­sed Israeli Matomy Media Group Ltd. on the sale of Munich-based Team Inter­net AG to London-based Central­Nic Group PLC.

The purchase price is US$ 48 million. A share of US$45 million will be paid in cash, and a further US$3 million in shares in the Central­Nic Group. The purchase price repres­ents 4.5 times Team Inter­net AG’s adjus­ted EBITDA for the trai­ling 12 months ended June 30, 2019 of $10.6 million.

Team Inter­net is a leading provi­der of domain name mone­tiza­tion services. As of Dec. 31, 2018, the AG repor­ted audi­ted net sales of $75.6 million and adjus­ted EBITDA of $14.2 million.

Matomy Media Group Ltd. was advi­sed by the follo­wing Bird & Bird attorneys:
Part­ner Stefan Münch, Coun­sel Michael Gass­ner and Asso­ciate Daniel Gloor all Corporate/ M&A, Munich.

About Bird & Bird
Bird & Bird is a leading inter­na­tio­nal law firm with over 1,300 lawy­ers in 30 offices in 20 count­ries in Europe, the Middle East, Asia Paci­fic and North America. In Germany, we are repre­sen­ted by more than 220 lawy­ers in Düssel­dorf, Frank­furt, Hamburg and Munich and also have a presence in Berlin. We focus our consul­ting in parti­cu­lar on indus­trial sectors that are deve­lo­ping new tech­no­lo­gies and helping to shape digi­ta­liza­tion or are being chan­ged by it. Our attor­neys cover the full range of busi­ness and corpo­rate law, parti­cu­larly in areas where tech­no­logy, regu­la­tion and intellec­tual property play a special role. www.twobirds.com.