Hogan Lovells advises BMW and Mercedes-Benz on the sale of "Share Now" to Stellantis

Press releases | 09 May 2022

Led by Munich partner Nikolas Zirngibl, international law firm Hogan Lovells has advised YourNow Holding, the joint mobility venture of BMW Group and Mercedes-Benz Mobility, on the sale of its car sharing subsidiary "Share Now" to French-Italian car group Stellantis. The transaction is subject to approval by relevant antitrust authorities.

BMW and Mercedes-Benz had merged their two car-sharing services "Car2Go" and "DriveNow" in 2019 to form "Share Now" and expanded it to become the market leader in Europe.

Hogan Lovells previously advised Mercedes-Benz Group AG (formerly Daimler AG) on the formation of the joint venture in 2019 and now provided advice to the in-house teams of the two automotive groups on all legal aspects of the transaction during the sale of the car-sharing subsidiary.

Hogan Lovells Team for BMW and Mercedes-Benz

Munich

Dr. Nikolas Zirngibl (Partner), Andreas Thun (Counsel), Thiemo Woertge (Senior Associate), Dominik Lang, Kilian Pfahl (Associates) (all Corporate);

Dr. Falk Loose (Counsel, Tax);

Dr. Stefan Schuppert (Partner, Intellectual Property);

Brussels

Dr. Falk Schöning (Partner), Stefan Kirwitzke (Associate) (both Regulatory);

Hamburg

Dr. Susann Brackmann (Counsel, Restructuring and Insolvency).

BMW Group Inhouse Team: Dr. Gregor Janisch (Legal Counsel), Dr. Alexander Holl (Senior Corporate Legal Counsel), Dr. Torsten Dilly (Senior Legal Counsel IP), Silvia Meier (Legal Counsel IP)

Mercedes-Benz Inhouse Team: Florian Stübel (Head of Legal M&A Technology and Venture), Teresa Bauer (Legal Counsel, M&A Technology and Venture)