With a cross-border project team, Hofmann Klafsky & Fertig provided comprehensive tax due diligence advice to an international investor on the acquisition of all shares in a group of companies active in the online fashion retail sector. The German target acted as a holding company and also performed the procurement function for the group. The German Target held nine direct and indirect subsidiaries and participations located in Germany and abroad with a book value of more than EUR 350 million and reported revenues of more than EUR 100 million on a stand-alone basis.
As part of the German tax due diligence, Hofmann Klafsky & Fertig focused on the areas corporate and trade taxes but also on transfer pricing, VAT and customs. The tax due diligence for the foreign target companies was carried out by our partner firm.