Red Bull enters cycling team BORA – Hansgrohe with Baker Tilly
Baker Tilly provides Red Bull with business, tax and legal advice for the majority takeover of the BORA – hansgrohe cycling team.
Red Bull has acquired a majority stake in top cycling team BORA - hansgrohe with the support of international consulting firm Baker Tilly. The team of experts headed by the two Baker Tilly partners Uwe Roth, tax advisor, and Sven Vollstädt, attorney-at-law, supported the transaction with business, tax and legal advice. “We would like to thank the Red Bull in-house teams for their continued excellent and trusting cooperation and congratulate them on the expansion of their global sports portfolio,” commented Roth.
The UCI WorldTeam will ride in the peloton under the name “Red Bull – BORA – Hansgrohe” from the Tour de France onwards.
The transaction advice provided by the interdisciplinary Baker Tilly team covered the areas of financial, legal and tax due diligence as well as the preparation of the transaction documents, including comprehensive support during the negotiations.
“We are delighted to have supported such a milestone in professional cycling with our expertise,” adds Oliver Hubertus, attorney-at-law/tax advisor and Managing Partner Tax of Baker Tilly in Germany.
The transaction team comprised partner Uwe Roth (tax advisor, lead partner tax), director Stefan Lehner (tax advisor, tax), partner Sven Vollstädt (lead partner legal, corporate/M&A), partner Daniel Laws (attorney-at-law, sports law), senior manager Patricia Elisabeth Bramowski (attorney-at-law, corporate/M&A) and partner Frank Stahl (German CPA/tax advisor, lead partner financial).
Further information on Red Bull is available here
Further information on BORA - hansgrohe is available here
