P+P Pöllath + Partners advises Hubert Burda Media on investment in nebenan.de

Burda has been a significant majority shareholder of Good Hood GmbH since 2016. Deutsche Tele Medien GmbH, Nordwest-Zeitung Verlagsgesellschaft and the venture arm of the Pressedruck Augsburg media group are also invested.

Nebenan.de has been around for five years and now has 8,000 neighborhoods with a total of around 1.7 million users in Germany.

Through the platform, the founders support the networking between people who live next door to each other, but often don't even know each other. Particularly in Corona times, the number of members has grown significantly and the exchange between neighbors has increased considerably, be it that neighbors take over shopping for each other and other offers of help, as well as establishing local group gatherings.

P+P Pöllath + Partners advised Burda on the investment with the following team:

• Christian Tönies (partner, lead, M&A/VC, Munich/Berlin)
• Sebastian Gerlinger (counsel, M&A/VC, Munich/Berlin)
• Daniel Wiedmann (associated partner, antitrust law, Frankfurt)
• Markus Döllner (associate, M&A/VC, Munich)

Leading in-house advisor was general counsel Dr. Maximilian Presse.