Instapro I AG, an indirect subsidiary of listed company IAC Inc., acquired the remaining shares in Instapro II AG, and Instapro II was merged into Instapro I. On request of majority shareholder Instapro I, the 2024 annual general meeting of Instapro II had resolved the transfer of the shares held by minority shareholders of Instapro II to Instapro I against an appropriate cash compensation (so-called merger-related squeeze-out). Instapro operates digital marketplaces for trade and service contracts in various European countries via the subsidiaries Werkspot B.V., MyBuilder Ltd., Travaux.com S.à r.l. and MyHammer GmbH.
Hengeler Mueller advised Instapro I AG on the merger-related squeeze-out. The team includes partner Oliver Rieckers, counsel Matthias Cloppenburg and Petra Mennicke as well as senior associate Ingo Albert and associate Jan Luis Lemli (all Corporate, Düsseldorf).