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17 August 20223 minute read

DLA Piper advises 2Ride on the acquisition of CASCO

DLA Piper has advised 2Ride, one of Europe's leading companies in the manufacturing and distribution of protective accessories for motorcyclists and skiers, on its acquisition of CASCO. The parties agreed not to disclose the purchase price. The advice included all legal parts as well as the tax aspects of the transaction.

With this acquisition, 2Ride intends to further strengthen its position in the outdoor segment. In addition, the two companies will expand their product portfolio and also increase their sales capacities for further markets.

CASCO, a family-owned company founded in 1989, is one of the leading developers and manufacturers of high-class helmets and eyewear, particularly in the fields of equestrian sports, cycling and skiing. In addition, the company is also known for its firefighting and rescue helmets. The company has sites in Germany and Romania.

2Ride is the parent company of brands such as Shark, Nolan, Troy Lee Designs, Segura, Bering and Cairn Sport and part of the portfolio of Eurazeo, a leading Paris-based mid-cap investor specializing in venture capital, growth capital, private debt and private equity, and Naxicap, a Private Equity firm operating in all sectors and focusing on leverage buyouts and growth capital.

DLA Piper's international team was led by partner Dr Nils Krause and Senior Foreign Associate Dan Li (both Corporate M&A, Hamburg). The team also included partners Verena Grentzenberg (Data Protection, Hamburg), Dr Björn Enders (Tax, Frankfurt) and Pascal Kremp (Employment, Munich), counsels Miray Kavruk (IPT), Sonja Beier (Real Estate), Robert Hofbauer (Finance & Projects, all Frankfurt), Dr Thilo Streit (Public Law, Cologne), Hanna Lütkens (Corporate/M&A), Georg Haberkorn (Pensions, both Munich), Dr. Mirjam Rüve (Corporate/M&A) and Florian Jeske (Employment, both Hamburg), senior associates Anastasia Max (Tax, Frankfurt), Alexander Kath (Corporate/M&A, Cologne), Katharina Fischer (Employment) and Friederike Rickers (Corporate/M&A, Hamburg) as well as associates Lisa-Marie Mönch, Florian Hader, Rainer Hartmann (all Tax), Dr Anna Rogler (IPT), Emel Toluay-Ayhan (Finance & Projects), Ulay Oezer (Corporate/M&A, all Frankfurt), Anja Reuter (Public Law, Cologne), Philipp Gudert (Employment), Clemens Daniel Schlotter (Corporate/M&A), David Sanchio Schele (Data Protection, all Hamburg) and Annika Heinz (Employment, Munich).

From the international offices, Fanny Combourieu (client relationship partner Eurazeo) and counsel Gwenael Kropfinger (both Tax) from Paris as well as from Bucharest a team led by country managing partner Marian Dinu (Corporate), partner Tudor Nedelea (Tax) and mainly consisting of counsels Cristina Bucur (Corporate) and Lidia Dutu (Tax), senior associate Sandra Cahu, associate Noemi Popa (both Corporate) and transfer pricing specialist Florian Moroz were also involved in this transaction.