Munich/San Francisco, August 12, 2021 – The international advisory firm Baker Tilly has provided legal and tax advice to the American market-leading online vintage furniture marketplace Chairish on its acquisition of European counterpart Pamono and the re-investment of the sellers in Chairish. Chairish is steadily growing and, as a result of the takeover, has now also entered the European market.
The advisory services provided by Baker Tilly's Competence Center Transactions mainly consisted of legal and tax due diligence, consulting on corporate law and tax aspects of the transaction as well as drafting and negotiating of the purchase agreement as along with all other transaction related documentation. The advisory team led by Munich partners Dr. Jörg Maitzen (Attorney-at-Law, Corporate/M&A) and Uwe Roth (Certified Tax Advisor, Tax) was complemented by Manager Daniela Konle (Attorney-at-Law, Corporate/M&A), Senior Manager Stephanie Breitenbach (Attorney-at-Law, Labor Law) and Senior Manager Viviane Därr (Certified Tax Advisor, Tax).
The Corona pandemic caused a boost for online vintage furniture platforms. Chairish was prepared for this and was able to record a significant growth spurt. Chairish now uses this momentum for the European market entry. The acquisition of Pamono, the largest European marketplace for vintage furniture and art with over 2,000 galleries, is the logical next step. "We are proud that Chairish trusted in the expertise of Baker Tilly for this big step”, Uwe Roth is pleased to say. “We are excited to have supported this next step with our legal and tax expertise and helped in paving Chairish’s way towards the associated market entry in Europe'', Dr. Jörg Maitzen adds.
For more information on Chairish’s acquisition of Pamono, please click here.
About Baker Tilly
With 37,000 employees in 148 countries, Baker Tilly provides a broad range of innovative and individual consulting services in the areas of Audit & Advisory, Tax, Legal and Consulting worldwide. Globally, our accountants, lawyers, tax advisors and management consultants develop solutions which are precisely tailored to the individual needs of our clients and implement them with the highest standards of quality and efficiency. Based on our entrepreneurial consulting philosophy, the engagement partners form interdisciplinary teams consisting of specialists best suited for each particular project. In Germany, Baker Tilly employs 1,160 specialists in ten different locations and is one of the largest partner-managed consulting firms in the country. The Baker Tilly Competence Centers and Industry Teams combine know-how and expertise from various disciplines and industries in cross-sector teams, focusing on the specific requirements of clients and their markets.
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