Osborne Clarke has advised the shareholders of M&A start-up Carl (formerly: Carl Finance) on the merger of Carl with M&A boutique Doubledigit. The team consisted of Nicolas Gabrysch and Robert Marx (both Corporate/VC), Florian Merkle and Jan-Niklas Buttermann (both Tax).
The Berlin-based start-up Carl operates a digital platform that connects entrepreneurs, advisors and investors and is intended to solve the problem of finding successors in medium-sized businesses in particular. Through a combination of personal advice and a platform-based technology solution, entrepreneurs are to find the right buyer and investors investment opportunities in the SME sector. Since its launch in 2016, Carl has been funded by Berlin-based venture capitalist Project A, among others, and now has around 30 employees.
Doubledigit primarily advises tech and growth companies in the context of corporate transactions and accompanies the companies through the entire transaction process.
Carl is to remain as a brand. After a transitional phase, the founders Pascal Stichler and Kurosch D. Habibi will move to the advisory board and leave the operational management to Daniel Schenk, founder and CEO at Doubledigit.