Glanbia plc (ISE:GL9) acquired 60% stake in Levlup Gmbh for €39 million on May 31, 2021. Glanbia plc shall pay initial consideration of €31.4 million while €0.4 million is due to pay. €7.2 million shall be payable as earnout payment based on earning of 2022 and 2023. For year 2020, Levlup Gmbh has reported revenues of approximately €19 million.

Glanbia plc (ISE:GL9) completed the acquisition of 60% stake in Levlup Gmbh on May 31, 2021. As of August 30, 2021, Michael Moritz, Thorsten Grandt and Andreas Karbaum of Carlsquare GmbH acted as the exclusive financial advisor to LevlUp and its shareholders. Nicolas Gabrysch, Konstantin Ewald, Sonja Riedemann, Mattis Aszmons Carsten Dau, Alexandra Nautsch, Fabian Mimberg Robert Briske and Jens Wrede of Osborne Clarke Rechtsanwälte Steuerberater Partnerschaft mit beschränkter Berufshaftung acted as legal advisors to Levlup Gmbh. Fricke Torben and Mäder Frank of KPMG AG Wirtschaftsprüfungsgesellschaft acted as financial advisor and due diligence provider to LevlUp GmbH.