Noerr advises Rebelle as target company on takeover offer by Vinted

With a team led by our Hamburg-based partner Stephan Schulz, Noerr has advised Rebelle AB (publ) (“Rebelle”) as the target company of a public takeover offer made by Lithuanian company Vinted UAB (“Vinted”) on the German law aspects of the transaction.

Vinted announced the takeover offer made to Rebelle’s shareholders on 25 July 2022. Completion of the offer is subject to customary closing conditions and is expected to take place on 25 August 2022.

Rebelle is the parent company of Hamburg-based StyleRemains GmbH, which operates “Rebelle.com”, an online marketplace for second-hand designer fashion.

Rebelle’s shares have been traded on the Nasdaq First North Growth Market in Stockholm since February 2022. Noerr previously also advised Rebelle on its IPO.

The Lithuanian Vinted Group operates one of Europe’s largest international C2C online marketplaces for second-hand fashion.

Vinted is offering Rebelle shareholders a cash payment of 14.10 Swedish kronor per Rebelle share. This corresponds to a total offer value of approximately 315 million kronor.

Rebelle’s board of directors has recommended that the shareholders of Rebelle accept the offer.

Advisors to Rebelle AB (publ): Noerr Partnergesellschaft mbB

Team lead: Stephan Schulz (partner, Capital Markets, Hamburg)

Capital Markets
Jan Hoffmann Linhard (senior associate), Marco Siemers (associate, Hamburg)

Other advisors:
Gernandt & Danielsson Advokatbyrå KB (Sweden)