Renzenbrink & Partner advised The Stryze Group on its financing

16 March 2021

Renzenbrink & Partner advised The Stryze Group on its first round debt financing.

As a start-up in the e-commerce business The Stryze Group intends to quickly grow by following a buy, build and level-up strategy pursuant to which it will acquire e-commerce businesses and put them under one roof. ManuCo GmbH, a major e-commerce player originally founded by Sebastian Funke, one of the founders of The Stryze Group, represents the basis for the growth of The Stryze Group.

The start-up is supported by Carsten Maschmeyer’s Alstin Capital, Upper90 (a leading alternative credit manager based in New York City) and a German institutional investor as investors. The latter two also provided debt financing for the companies intended acquisitions.

The Renzenbrink & Partner team was led by Dr Bernd Egbers (Partner) and comprised Philipp Hogrefe (Senior Associate) and Fei Li (Transaction Lawyer) (all Finance, Munich) as well as Marc H. Kotyrba (Partner, Tax, Hamburg).

The debt provider have been advised by Christine Kaniak (Orrick, Herrington & Sutcliffe LLP) as well as Ian Borman (Winston & Strawn London LLP).