Camplify Holdings Limited (ASX:CHL) entered into a binding agreement to acquire PaulCamper GmbH from a group of shareholders for approximately €30.88 million on October 19, 2022. The Consideration payable by Camplify for the Acquisition €1.18 million in cash and 23,450,827 Camplify Shares valued at €29.62 million and is payable upon completion to vendors. Consideration Shares issued to Sellers are to be subject to voluntary escrow from completion as follows: a) Non-Management 14,719,113 Shares 55% released 2 weeks after completion anniversary b)Dirk Fehse 7,383,299 Shares 90% released 18 months from completion and c) Franziska Schulz 1,348,415 Shares 90% released 18 months from completion. Camplify will indirectly acquire 100% ownership of PaulCamper Insurance Broker GmbH and PaulCamper Ltd, both subsidiaries of PaulCamper. The transaction is subject to shareholder approval to be sought at the Camplify Extraordinary General Meeting on November 30, 2022. ASIC relief is being obtained in respect of the voluntary escrow arrangements. The transaction is subject to regulatory approval and certain customary closing conditions and is expected to close on December 02, 2022. Silverpeak acted as financial advisor to Camplify Holdings Limited.

Camplify Holdings Limited (ASX:CHL) completed the acquisition of PaulCamper GmbH from a group of shareholders on December 2, 2022. Dr. Alexander Honrath, Dr. Holger Holle, Nils Müller, Dr. Christian Lindner and Dr. Arndt Scheffler of Eversheds Sutherland (Germany) LLP acted as legal advisor to Camplify.