Menold Bezler advises Globus Group on the Sale of its Tyre Centres

Menold Bezler advised Globus SB-Warenhaus Holding GmbH & Co. KG and other companies belonging to the Globus Group St. Wendel on the sale of 19 tyre centres to pitstop.de GmbH. The sale took the form of an asset deal. The parties agreed not to disclose the purchase price. The completion of the transaction is pending approval by the competent competition authority.

Globus is a family-run business based in St. Wendel. It operated the tyre centres on the premises of its Globus-SB stores. In the course of the takeover, these areas will be rented by the purchaser under long-term lease agreements and the tyre centres will continue to operate under the name “pitstop”. The transaction will allow Essen-based Pitstop (another family-run business) to further expand its network of around 330 car workshops.

Menold Bezler previously represented the Globus speciality stores that also belong to the Globus Group St. Wendel in transactions in the DIY-store sector. Building on the successful cooperation in the past, this is the first engagement of the firm by Globus SB-Warenhaus Holding for a transaction in the self-service (SB) store sector.

Advisors to Globus Group:

Menold Bezler (Stuttgart): Dr. Jochen Stockburger (partner, lead, M&A/real estate), Axel Klumpp (partner, M&A), Marc Ehrmann, LL.M. (real estate), Ralf-Dietrich Tiesler (partner, employment law), Dr. Stefan Meßmer (partner), Daniel Klass (both antitrust)

In-house legal: Maiko Zimmer (head of legal, lead, M&A, antitrust), Alexander Zipfel (head of legal division, real estate), Dr. Swantje Wahlen (head of legal division, employment law)

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