We assisted Foxway, one of the fastest-growing IT lifecycle companies in Europe, in acquiring the German recommerce business Flip4.
Building a strong position in Germany
With Germany being one of the largest markets in Europe, the transaction is an important part in Foxway’s strategy to become the leading company in the reuse, repair and sourcing of ICT-devices in Europe. “Flip4 provides us with a successful platform and an experienced team to build a strong position in Germany”, said Agnes Makk, CEO of Foxway Recommerce.
Foxway is one of the largest specialists in IT-lifecycle management in Northern Europe. The group had a turnover of EUR 300m in 2020, and employs more than 700 employees. Flip4 is one of the leading recommerce businesses in Germany, with around 40 employees.
Our services and project team
We assisted Foxway throughout the transaction, including negotiating the deal and participating in the preparation of the transaction documents. We also supported the client in matters related to closing the deal.
Our project team was led by partner Toomas Prangli, and supported by counsels Piret Lappert and Kaido Künnapas.