Dechert Advises Special Situations Venture Partners III on the Sale of nox NachtExpress
February 23, 2022
Dechert LLP advised Special Situations Venture Partners III (SSVP III) on its sale of nox NachtExpress to Groupe Sterne, a portfolio company of Tikehau Capital. Originally acquired by SSVP III in 2016, nox NachtExpress is a leading European provider of express delivery services with market presence in Germany, Austria, and Benelux regions. The company operates more than 20 warehouses throughout Germany, employs around 1,000 people and delivered 280 million euros of turnover. SSVP III focuses on special situation investments across Europe and is advised by Orlando Management.
The Dechert team that advised SSVP III included Munich-based private equity/corporate partners Giovanni Russo and Dominik Stühler, with associates Florian Leitsbach, Sonja Feser, Alexa Serafin and Philipp Schöfer; Luxembourg-based private equity/corporate partners Jean-Louis Frognet and Laura Rossi, with associate Aurélien Martinot; and Frankfurt-based antitrust/competition partner Clemens Graf York von Wartenburg, with associate Thirith von Döhren.
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Dechert is a leading global law firm with 22 offices around the world. The firm advises on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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