HomeAdvisor, Inc. agreed to acquire 70.1% stake in MyHammer Holding AG (DB:MYRK) from Holtzbrinck Digital GmbH on October 10, 2016. Under the transaction, HomeAdvisor will acquire Holzbrinck Digital's approximately 70% stake in MyHammer Holding AG, as well as Holtzbrinck Digital's direct ownership stake in the principal operating subsidiary of MyHammer. HomeAdvisor will also acquire the outstanding loans owed by the MyHammer companies to Holtzbrinck Digital.

In a related transaction, HomeAdvisor, Inc. made a tender offer to acquire the remaining 29.9% stake in MyHammer Holding AG at a price of €5.14 per share. The transaction, which is subject to regulatory approval in Germany, is expected to close in fourth quarter of 2016. CatCap acted as financial advisor and Thomas Meyding, Sabina Krispenz, Tobias Will, Karsten Heider, Bodo Schmidt-Schmiedebach and Maximilian Grub of CMS Hasche Sigle acted as legal advisors for Holtzbrinck Digital.

Silverpeak LLP acted as financial advisor in the transaction. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor and BNP Paribas acted as financial advisor to IAC/InterActiveCorp, parent of HomeAdvisor, Inc.