September 22, 2011
Firm advises Insight Venture Partners as selling shareholder in Google’s acquisition of Berlin-based DailyDeal GmbH.
On September 19, it was announced that Google, Inc. acquired DailyDeal GmbH, a Berlin-based daily deals website that competes with Groupon, LivingSocial and others in Germany. Willkie’s New York and Frankfurt offices advised Insight Venture Partners as selling shareholder in the transaction. Founded in 2009, DailyDeal has grown to about 200 employees and offers discount deals for restaurants, travel destinations, entertainment venues and retail outlets in more than 90 cities in Germany, Austria, Switzerland and the United States. Last month, Willkie represented Ticket Monster, Inc., South Korea's top social commerce site, in its sale to LivingSocial.
The current deal, led by partner Gordon Caplan in New York and national partner Dr. Stefan Joergens in Frankfurt, included partners Dr. Patrick Meiisel, national partner Dr. Bettina Bokeloh and associate Dr. Patrick Wacker.
