Seufert's corporate team advised the Netherlands online pharmacy Shop Apotheke Europe N.V. on the takeover of the quick commerce pharmacy delivery service First A.
The founders of First A remain with the company and will drive ambitious development plans. The Berlin Start-up at present offers a 30 minute delivery of medicines in five major German cities. Online delivery services regard quick commerce as a growth driver.
Seufert corporate partner Dr. Johannes Gruber, leading Seufert's conduct of the takeover, commented: "This transaction was a lot of fun for all of us. Everyone was electrified. We closed less than three weeks after the first call. And we did it with a thoroughly challenging structure in a disruptive environment. In a way, 'Quick M&A' in the 'Quick Commerce' sector."