Milbank advised the (indirect) shareholders of Pamono GmbH (“Pamono”) on the sale of their entire stake to Chairish Inc. (“Chairish”) and a related roll-over of their investment into Chairish, respectively. Chairish is an American high-end home décor marketplace based in San Francisco.
Pamono operates a major European marketplace with an inventory of more than 250,000 vintage and antique furnishings and art sourced from over 2,000 professional galleries. The combination of Pamono’s and Chairish’s businesses is expected to be highly synergistic.
Milbank comprehensively advised Pamono shareholders on corporate and tax law aspects of the transaction.
The Milbank Team was led by Sebastian Heim (Munich) and Adam Moses (Los Angeles, both Corporate/M&A) and included Matthias Schell, Arne Hammerich (both Tax, Munich), Mike Shah, James Beebe (both Executive Compensation and Benefits, New York), Max Goodman, Archan Hazra (both Tax, New York), John Garces (Corporate/M&A, New York), Maggie Chou, Sakura Kato (both Corporate/M&A, Los Angeles), Christina Beck and Sandra Feil (both Corporate/M&A, Munich).
