BDO advises Felix Capital on Series A round in Highsnobiety

Led by the corporate finance expert Martin Studier from Hamburg, the team took charge of financial and tax due diligence. Martin Studier was assisted in his field by Bernardo José Riedel. The tax due diligence was overseen by Gerlinde Seinsche, who heads the International Tax Law division of BDO from Frankfurt, in coordination with tax experts from the New York office of BDO USA.

Established by Frederic Court in 2015, the venture capital fund Felix Capital administrates around USD 300 million. Besides Highsnobiety, the fund has invested inter alia in ‘Deliveroo’ and digital lifestyle start-ups such as the e-commerce company ‘Farfetch’ and ‘Goop’, actress Gwyneth Paltrow’s lifestyle marketing brand.

Highsnobiety, founded by David Fischer in Berlin in 2005, grew from a sneaker and streetwear blog into a global media brand for style-conscious trendsetters. The company operates a website and content production in the areas of lifestyle, fashion, art, music and culture. Highsnobiety now employs around 100 staff working at the interface between journalism and creative agency in offices in Berlin, New York and London.

‘We are very excited to partner with an influential media brand like Highsnobiety, whose fast-growing, global community represents the next generation of trend setters and early adopters.’, says Sasha Astafyeva, principal at Felix Capital, adding: ‘We very much enjoyed working with the BDO team who understood our needs perfectly and were able to advise us in the most timely and comprehensive manner.’

 

BDO advisors:

Financial Due Diligence/Due Diligence

Martin Studier (leading, Corporate Finance/Hamburg), Bernardo José Riedel (Corporate Finance/Hamburg)

Tax Due Diligence

Gerlinde Seinsche (International Tax Law/Frankfurt), Stephanie Sauter and Johnny Montoya (both BDO USA - M&A Tax/New York).