Dixons Carphone is Europe’s leading specialist electrical and
telecommunications retailer and services company. The company, headquartered in London, offers a comprehensive range of electrical and mobile
products, connectivity and expert after-sales services. The mobile
retailer Phone House recently generated a turnover of about 350
million euros in Germany. The company annually conveys mobile and
fixed-network contracts for more than one million clients.
Drillisch acquires all shares in The Phone House. The Sale and Purchase Agreement is subject to approval by antitrust authorities. It is expected to be completed by the end of May. The purchase price consists of two components: shares in the Drillisch AG which represent about three per cent of the voting capital and surpluses from the operating cash flow of The Phone House.
The Osborne Clarke team that advised on the disposal was led by the corporate partners Dr. Bjorn Hürten and Rudolf-Matthias Hübner who were assisted by Annette Simon, Efthimios Detsikas, Dr. Benjamin Monheim, Dr. Martina Maiorino (all corporate), Dr. Matthias Terlau (capital markets law), Konstantin Ewald (IT law, commercial), Dr. Marc Störing, Tim Maiorino (both IT law), Dr. Anke Freckmann, Katharina Müller (both labour law), Dirk Roßmann, Nadia Reinders, Joachim Breithaupt (all tax law), Dr. Jonathan Ruff (contract law), Jürgen Ehrlichmann (insolvency law), Nico Just und Ingo Spahr (antitrust law). Osborne Clarke has long acted for The Phone House/ Dixons in both Germany and England.
Osborne Clarke is a leading law firm for mid-cap transactions. Recent deals that the German team has advised on inlude: Eltel Group Corporation on the acquisition of Edi.Son Energietechnik, CHORUS Clean Energy on the acquisition of a wind park, the US group Topcon on the purchase of Wachendorff Elektronik and Indus Holding on the purchase of MBN Neugersdorf GmbH.