Allen & Overy LLP has provided comprehensive legal advice to HR services provider Randstad regarding the acquisition of all shares in Team2Venture GmbH.

Through twago, Team2Venture GmbH operates Europe’s leading freelance marketplace for online work for freelancers and agencies in the areas of programming, (web) design, and business services. twago customers have access to more than 500,000 professionals from more than 200 countries.

The full acquisition of twago will now enable Randstad to accelerate clients’ freelance talent strategies und provide a more holistic and integrated way to manage total workforce.

Randstad is one of the leading HR services providers in the world with approximately 30,000 employees in 39 countries. It generated revenue of EUR 19.2 billion in 2015.

The Allen & Overy team comprised partners Dr Matthias Horn (corporate/M&A, Frankfurt) and Dr Gottfried Breuninger as well as counsel Dr Dirk Schade (both tax, Munich), senior associate Boris Blunck (employment, Frankfurt) and the associates Dr Fabio Borggreve and Matthias Diegelmann (both corporate/M&A, Frankfurt).

Inhouse advice was provided by Fiona van Lede.