HEUKING advises data, analysis and valuation firm bulwiengesa on acquisition by Scout24

A Hamburg-based team led by HEUKING Partner Dr. Peter Christian Schmidt advised the shareholders of bulwiengesa AG on legal and tax matters related to the company’s acquisition by Scout24 SE. The parties have agreed not to disclose the purchase price. The transaction remains subject to customary closing conditions.

As part of the transition, Ralf Koschny, the current CEO of bulwiengesa, will join bulwiengesa’s new Supervisory Board. Sven Carstensen, a long-time member of bulwiengesa with 20 years of experience, will assume the role of CEO.

bulwiengesa AG is one of Germany’s largest independent consulting and analysis firms for the real estate industry. Founded in 1983, the company provides comprehensive valuations, market and location analyses, and operates the renowned RIWIS database, which has been collecting data on residential and commercial real estate since 1990. bulwiengesa supports project developers, investors, property developers, banks, and local authorities in making well-informed investment decisions.

Scout24 SE, headquartered in Munich, is a leading digital company that operates the ImmoScout24 online platform. Founded in 1998, Scout24 offers a wide range of services for the residential and commercial real estate markets in Germany and internationally.

Counsel to shareholders of bulwiengesa AG
HEUKING:
Dr. Peter Christian Schmidt (Lead, M&A),
Dr. Stefan Bretthauer (Competition),
Dr. Markus Wulf (IT, Data Protection),
Dr. Henrik Lay (Tax),
Dr. Julius Wedemeyer, LL.M. (M&A),
Dr. Eva Kettner, LL.B. (Employment),
Nathalie Hemmerling (M&A), all Hamburg