Clifford Chance advises Gilde Buy Out Partners on the merger of its portfolio company albelli with Photobox, creating a leading online European photo products and gifting business

Clifford Chance has advised Gilde Buy Out Partners on the merger of its portfolio company albelli with Photobox (owned by Exponent), creating a leading player in the online European photo product and gifting market.

Gilde and Exponent will retain ownership of the combined business together with the management teams of both businesses. The newly-combined company will serve a pan-European customer base of over 7 million customers, supported by 1,150 employees across the United Kingdom, Netherlands, France, Germany, Spain, Norway and Sweden. Read more about this transaction here.

The Clifford Chance cross-border team was led by Tim Heerschop and consisted of Pieter Leefers, Catherine van der Helm, Laura Dolstra, Mark-Jan Arends, Leen Kranenburg, Lauresse Anemaet, Stephanie Phillips, Ruben van Diepen, Sabine van den Heuvel and Bart Warringa (Corporate), Michiel Sunderman, Stern Flik and Alec Sanderson (Tax), Floris van de Bult, IJsbrand de Jong and Arie Torres (Employment), Frans Muller and Jurre Jurriëns (Antitrust), Wijnanda Rutten (Pensions), Jaap Tempelman, Andrei Mikes and Sophie Wijdeveld (TMT) and Folko de Vries (Finance) in Amsterdam, and involved other team members from Clifford Chance’s London, Munich, Frankfurt, Paris, Madrid and Barcelona offices.