E+H advises Riverside on the acquisition of GFP

E+H advised The Riverside Company (Riverside) on the acquisition of Austrian GFP HandelsgmbH (GFP) by its portfolio company TOOLPORT GmbH (Toolport). The parties agreed not to disclose the purchase price.

Toolport’s successful acquisition of GFP, the leading online retailer of greenhouses, raised beds, and similar products in the DACH region, will enable GFP to further leverage the potential of the individual product categories in the European market.

In 2019, Riverside invested in Toolport, one of Europe’s leading online retailers of professional tents and spare parts for consumers and corporate customers. Since then, they have together been driving a dedicated internationalization strategy. The resulting pan-European platform now offers further growth opportunities for GFP.

The Allen & Overy team (led by Astrid Krüger) advised Riverside in particular on complex financing aspects and on the sell-side re-investment in Toolport.

The E+H team led by Philipp Nidal Karaman advised on the Austrian aspects of the transaction.


Advisers to The Riverside Company:

E+H Rechtsanwälte GmbH
Philipp Nidal Karaman (Partner, Corporate/M&A), Karolin Andréewitch-Wallner (Partner, Labor Law), Andreas Zellhofer (Partner, IP/IT), Helmut Liebel (Partner, IP/IT), Christopher Engel (Partner, Real Estate), Ulrike Sehrschön (Partner, Public Law), Judith Feldner (Partner, Antitrust), Marcus Benes (Partner, Banking & Finance), Florian Sagmeister (Attorney at Law, IP/IT), Karoline Hofmann (Attorney at Law, Banking & Finance), Martin Zankl (Associate, Corporate/M&A), Laura Glibusic (Associate, Corporate/M&A), Vincenz Stockert (Associate, Corporate/M&A), Daniela Birnbauer (Associate, IP/IT), Maximilian Kröpfl (Associate, IP/IT), Agnieszka Blonska (Associate, Antitrust Law), Christian Cacic (Associate, Banking & Finance).


Allen & Overy
Astrid Krüger (Partner, Corporate/M&A), Thomas Neubaum (Partner, Banking & Finance), Börries Ahrens (Partner, Antitrust), Jan-Hendrik Bode (Counsel, Banking & Finance), Sebastian Schulz (Counsel, Labor Law), Tobias Hugo (Sr. Associate, Corporate/M&A), Johannes Graßl (Associate, Corporate/M&A), Hans-Joachim Jähnichen (Associate, Banking & Finance), Sören Burdinski (Associate, Antitrust).