BMH BRÄUTIGAM advises rent24 on investment in Friendsfactory
BMH BRÄUTIGAM has advised rent24 on its investment in the co-working-space-provider Friendsfactory.
rent24 currently runs co-working-spaces, inter alia, in Berlin, Hamburg, Dortmund as well as Amsterdam and is seeking for an extensive international expansion with further locations in, e.g., the US, Israel and various European countries. Most recently, rent24 has opened one of the largest co-working-spaces in Germany at the Berlin “Gendarmenmarkt” (7.200 square meters). Besides the individual rent24-design and the „fully prepared“ workplaces, rent24 in particular offers consulting services for its customers and even invests in tenants with a start-up-fund.
The acquisition of a majority stake in Friendsfactory shall result in substantial synergy effects. Firstly, because Friendsfactory mainly rents office spaces in Munich, a region which is not yet covered by rent24. Secondly, in contrast to rent24’s approach, offices at Friendsfactory can be designed individually. And finally, Friendsfactory also runs a start-up-accelerator. The tenants of both co-working-space providers will have the opportunity to use the entire services of the strategic partnership.
BMH BRÄUTIGAM regularly advises rent24, in particular in connection with the international expansion. BMH BRÄUTIGAM was engaged as legal advisor due to recommendations from the market.
BMH BRÄUTIGAM Team:
Dr. Alexander Wulff, Tina Schmidt, Katharina Erbe, Dr. Julian Schroeder (all Venture Capital / Corporate)