The takeover of the online shop Tennis-Point by the investor consortium led by the investment company Orlando Capital V has been completed.
The transaction was closed on February 1st after the takeover was announced at the beginning of January, the law firm Gerloff Liebler Rechtsanwälte and Pluta Rechtsanwalts GmbH announced on Thursday. The future solution also includes the acquisition of the sales company in the USA. The originally intended sale of the sales subsidiary in France could not be implemented as planned. Negotiations regarding the future of the French company have not yet been completed.
At the beginning of the year, the Bielefeld district court opened insolvency proceedings over the company’s assets and appointed lawyer Christian Gerloff from the law firm Gerloff Liebler Rechtsanwälte as insolvency administrator.
After registering for the preliminary insolvency proceedings in October, an application was made by the previous parent company Signa Sports United NV (SSU), for which Stefan Meyer from Pluta Rechtsanwalts GmbH is active as insolvency administrator. The trigger for the bankruptcies was the withdrawal of a financing commitment by the main shareholder Signa Holding.