mergers & acquisitions news
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Read through our m&a expert's articles, publications and news:
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newsletters (9)
publications (17)
media coverage (6)
events (9)
press releases (140)
roadmap (18)
press release
Serbia: Schoenherr advises InPharm Co on acquisition of Casa Spadijer Bioclinica
Moravčević Vojnović and Partners in cooperation with Schoenherr advised InPharm Co, a prominent Serbian producer and distributor of dietary supplements, medical products and cosmetics, on its 100 % acquisition of Casa Spadijer Bioclinica, a local dietary supplements company.
press release
Romania: Schoenherr advises Trans-Oil Group on acquisition of Frial Terminal
Schoenherr advised Trans-Oil Group, a leading agribusiness operator in the Black Sea region, on the acquisition of Frial Terminal, located in the Port of Constanța, Romania. The transaction marks a key milestone in Trans-Oil’s long-term strategy to expand its presence in the Black Sea, allowing the group to streamline its logistics and distribution of goods across multiple continents.
press release
Austria: Schoenherr advises Aventario Group owner on sale of majority stake to Waldegg Equity Partners
Schoenherr advised Markus Kern, the founder and sole owner of the Aventario Group, a company specialising in transformation and vendor management consulting for large corporations, on the sale of a majority stake to Waldegg Equity Partners, as well as on reinvestment and the regulation of future cooperation.
press release
23 October 2024
A.Popp A.Amann F.Königstorfer N.Stepan A.Jelinek G.Winkler C.Benes F.Oczlon L.Zobernig J.Frank M.Zöhrer B.Rajal C.Jirak
Austria: Schoenherr advises ImWind on sale of wind and solar park portfolio to Wien Energie
Schoenherr advised ImWind, an Austrian pioneer of wind and solar power, on the sale of two wind farms and one solar park to Wien Energie, one of Austria's leading energy suppliers. The transaction encompasses plants with a total capacity of 130 MW in Lower Austria and Burgenland, producing 280 GWh annually – enough to supply the equivalent of 80,000 households in the region with green electricity. ImWind will retain the technical oversight of the projects, which are set to increase Wien Energie's wind production by over 50 %.
press release
Austria: Schoenherr advises shareholders of Eversports on exit to Verdane
Schoenherr advised Eversports, an Austrian SaaS-enabled sports booking platform, and its shareholders on the start-up's acquisition by the European specialist growth investor Verdane.
newsletter
Navigating Hungary's ESG reporting: local subsidiaries of multinational corporations in focus
As of the 2024 financial year, companies in Hungary are facing new and stringent ESG (Environmental, Social, and Governance) reporting requirements under Act CVIII of 2023 (ESG Act). While large companies may already be familiar with the relevant EU directives (notably the CSRD and the CSDDD), the Hungarian regulations present unique challenges, especially for local subsidiaries of multinational corporations.
press release
18 September 2024
M.Lang C.Herbst V.Weiss M.Thorbauer Z.Simonishvili B.Schima A.Visontai-Knor
Austria: Schoenherr advises Cubic (London) Ltd. on sale of Impact Asset Management to Erste Asset Management
Schoenherr advised Cubic (London) Ltd. ("Cubic") et al on the sale of all shares in Impact Asset Management GmbH ("I-AM"), a Vienna-based investment firm specialised in sustainable and impact-driven investment strategies, to Erste Asset Management GmbH ("Erste AM"). The agreement was executed on 11 September 2024 and closing of the transaction is subject to the required regulatory approvals.
press release
Poland: Schoenherr advises Tuplex on acquisition of stake in SICO Polska
Schoenherr advised Tuplex, a leading player in the plastics industry in Poland and Central and Eastern Europe, on its recent acquisition of a stake in SICO Polska, one of Poland's fastest-growing companies in the digital printing sector. The transaction marks a significant step for Tuplex in expanding its product portfolio and strengthening its position in the Polish market
press release
Poland: Schoenherr advises eSky Group on transaction financing regarding acquisition of travel agency Thomas Cook
Schoenherr advised eSky Group, the operator of a leading travel booking platform in Central and Eastern Europe, on the financing aspects of its acquisition of Thomas Cook, a renowned online travel agency. With this transaction, which excludes Thomas Cook's operations in China, eSky Group strengthens its presence in the European travel market and continues its strategy of global expansion and diversification.
press release
Czech Republic: Schoenherr advises REHAU Automotive s.r.o. on sale of European sealing and extrusion business unit to VINTECH Industries Inc.
Schoenherr advised REHAU Automotive s.r.o. on a strategic sale of its European sealing and extrusion business unit, which is based out of its site in Jevíčko, Czech Republic, to VINTECH Industries Inc., a US-based automotive parts supplier.
press release
Poland: Schoenherr advises mBank S.A. in connection with the acquisition of Systell by Focus Telecom
Schoenherr advised mBank S.A. on the preparation and negotiation of the required financial documentation for the acquisition of 100 % of the shares in Systell group companies by Focus Telecom Polska sp. z o.o., a company in the MCI Capital fund portfolio.
press release
Serbia: Schoenherr advises Integral Venture Partners on acquisition of 50 % stake in ESO TRON
Moravčević Vojnović and partners in cooperation with Schoenherr advised the investment firm Integral Venture Partners on its acquisition of a 50 % stake in ESO TRON d.o.o., a leading circular economy company in the Adriatic region.
press release
21 August 2024
M.Lang C.Herbst C.Benes V.Weiss G.Leissler T.Waidmann B.Schima C.Jirak J.Böszörményi A.Pabst P.Staudigl H.Kirschner M.Fasching S.Dietrich
Austria: Schoenherr advises Vauban Infrastructure Partners, EDF Invest and MEAG on acquisition of the Austrian Tower portfolio from Cellnex
Schoenherr, alongside Hogan Lovells, advised a consortium comprising Vauban Infrastructure Partners (through Core Infrastructure Fund IV SCSp and Core Infrastructure Fund IV SCA SICAV RAIF), EDF Invest (the investment arm of EDF for non-listed dedicated assets) and MEAG (the asset manager of Munich Re and ERGO) on the acquisition of 100 % of Cellnex's Austria tower business for EUR 803m. The agreement was reached on 9 August 2024, with closing of the transaction being subject to customary regulatory approvals.
press release
07 August 2024
austria serbia north macedonia
F.Urlesberger M.Zöhrer D.Stevanović N.Rašljanin R.Perner S.Kühteubl K.Pusch
CEE: Schoenherr advises Austrotherm GmbH on merger control filings for acquisition of EPS insulation business unit from Brucha
Schoenherr advised Austrotherm GmbH, a subsidiary of Schmid Industrieholding G.m.b.H., on the merger control filings in connection with the acquisition of the EPS insulation business unit of the Austrian insulation manufacturer Brucha. Brucha's EPS business serves as an extension of Austrotherm's existing high-quality insulation production. The remaining Brucha businesses will not be acquired by Austrotherm and Brucha will focus on its core business areas, the production of BRUCHA panels and cold rooms.
press release
Romania: Schoenherr advises EssilorLuxottica on acquisition of Optical Investment Group
Schoenherr Romania advised EssilorLuxottica on its acquisition of Optical Investment Group, a leading retailer of optical eyecare and eyewear products in Romania, from Innova/6, a private equity fund within the Innova Capital Group, and a group of individual minority shareholders. With this transaction, EssilorLuxottica enters the dynamic Romanian optical retail market and further expands its retail presence in Central and Eastern Europe.
press release
29 July 2024
M.Marschall L.Pirringer M.Piuk A.Pabst A.Hirsch C.Kracher D.Stahleder T.Waidmann H.Kirschner M.Thorbauer B.Schachner-Gröhs
Austria: Schoenherr advises FUNKE Works GmbH on acquisition of freyspiel GmbH
Schoenherr advised FUNKE Works GmbH, a group company of the FUNKE Media Group, on the acquisition of 100 % of the shares in freyspiel GmbH, an Austrian company specialising in innovative marketing tools and games. Schoenherr provided comprehensive tax and legal advice on the due diligence process, and the drafting and negotiation of the transaction documentation.
press release
29 July 2024
R.Bachner D.Wadl Z.Simonishvili F.Urlesberger T.Waidmann B.Duca S.Müller A.Pabst F.Terharen N.Stepan H.Kirschner C.Kracher
Austria: Schoenherr advises ASSA ABLOY on acquisition of SKIDATA
Schoenherr advised ASSA ABLOY, a global player in access solutions, on the acquisition of SKIDATA, an international leading provider of access management solutions. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close in the third quarter of 2024.
press release
Serbia: Schoenherr advises Fortis Energy on acquisition of 180 MW solar project with BESS
Moravčević Vojnović and Partners in cooperation with Schoenherr advised Fortis Energy on the acquisition of 180 MW solar project with BESS in Sremska Mitrovica, Serbia.
press release
Poland: Schoenherr advises R-GOL.com on acquisition of a majority stake in SportBM
Schoenherr advised R-GOL.com, a leading multi-brand distributor of football merchandise in CEE, backed by Innova Capital, on their recent acquisition of a majority stake in SportBM, a Polish developer of software for managing clubs and sports academies.
press release
04 July 2024
M.Lučivjanský F.Urlesberger M.Fuchs S.Hekelová P.Devínsky J.Farbiak T.Šilhánek
Slovakia: Schoenherr advises OMV Slovakia on acquisition of Benzinol filling station network
Schoenherr advised OMV Slovensko, s.r.o. ("OMV Slovakia"), a subsidiary of Austria's OMV group, on the acquisition of a network of 27 filling stations operated under the Benzinol brand. Most of them are located in western and north-central Slovakia.
press release
04 July 2024
M.Lang C.Herbst P.Feyl V.Weiss T.Waidmann C.Benes M.Pressler B.Schima M.Fasching
Austria: Schoenherr advises LLB AG on takeover of Zürcher Kantonalbank Österreich AG
Schoenherr advises Liechtensteinische Landesbank AG ("LLB AG") on the acquisition of 100 % of the shares in Zürcher Kantonalbank Österreich AG with offices in Vienna and Salzburg.
press release
Slovenia: Schoenherr advises Resalta shareholders on sale to Aggreko
Schoenherr advised the shareholders of Resalta, one of the leading energy service companies in Central and Southeast Europe, on the disposal of a controlling stake in Resalta BV Netherlands, including its Slovenian, Croatian, Serbian, Romanian and Czech subsidiaries, to Aggreko, a leading supplier of mobile and modular power.
press release
Bulgaria: Schoenherr advises CloudM Software Limited on acquisition of BeLean EOOD
Schoenherr advised CloudM Software Limited on the acquisition of 100 % of the shares in BeLean EOOD, a Bulgarian software development company.
press release
14 June 2024
M.Marschall L.Pirringer M.Piuk R.Misic J.Eberl C.Rainer M.Buchleitner R.Schretzmayer T.Waidmann H.Kirschner A.Pabst C.Kracher D.Stahleder P.Feyl M.Nusser
Austria: Schoenherr advises Ascent Group on cross-border acquisition of PARKSIDE Group
Schoenherr advised Ascent Group, a leading provider of digital transformation services and solutions, on signing the share purchase agreement for the acquisition of PARKSIDE Informationstechnologie GmbH, an Austrian company specialising in individual software development, with subsidiaries in Switzerland and Portugal. Closing of the transaction was on 5 June 2024.
press release
Austria: Schoenherr advises NLB on takeover offer for Addiko
Schoenherr is advising Nova Ljubljanska banka d.d., Ljubljana ("NLB") on its competing voluntary public takeover offer for Addiko Bank AG ("Addiko") as announced on 15 May 2024 (NLB press release) and launched on 07 June 2024. With its full-cash offer, NLB aims to acquire control over Addiko, offering a consideration of EUR 20 per share on a cum dividend basis, which represents an attractive 22.2 % premium on the 6m VWAP. NLB currently holds no shares in Addiko and intends to acquire at least a 75 % shareholding. The offer is subject to regulatory approvals and customary closing conditions. Details on the offer can be found in the offer memorandum available on the websites of NLB, Addiko and the Austrian Takeover Commission.
press release
Hungary: Schoenherr advises Fiberhome on its business setup and acquisition of industrial site
Schoenherr advised Chengdu Datang Communication Cable Co., Ltd, a member of the Fiberhome Group, on the establishment of its Hungarian subsidiary, Zettanet Kft., and the acquisition of a 25,000 sqm industrial site in Kisbér, Hungary.
press release
Poland: Schoenherr advises Santander Bank Polska on financing agreement for OEX's acquisition of Loyalty Point sp. z o.o.
Schoenherr advised on facilitating a financing agreement between Santander Bank Polska and OEX, a publicly listed company, for the acquisition of a majority stake in Loyalty Point sp. z o.o.
press release
Austria: Schoenherr advises on sale of further parts of the VAMED business
Schoenherr advised the seller on the sale of further parts of the VAMED business to an Austrian buyer consortium consisting of the construction companies Porr and Strabag. The transaction includes the Vamed units responsible for the technical management of the Vienna General Hospital (AKH Vienna), the Austrian project business of the Health Tech Engineering segment, and shares in several thermal spas in Austria.
press release
08 May 2024
S.Hödl Z.Simonishvili J.Moser G.Ebner C.Benes V.Čížek C.Haid M.Simsa M.Thorbauer T.Waidmann M.Jendželovský H.Hangler J.Stalzer P.Korál J.Marek S.Müller A.Pabst F.Schneider S.Dietrich M.Fasching S.Holub N.Stepan F.Terharen C.Fürnkranz F.Loewit H.Kirschner
Austria/Czech Republic: Schoenherr advises on sale of VAMED's rehabilitation business
Schoenherr advised the seller on the sale of the VAMED Group's rehabilitation clinics to PAI-Partners, a French private equity company. The sold rehabilitation business comprises 67 facilities with 9,100 beds and around 9,500 employees in Germany, Austria, Switzerland, the Czech Republic and the UK.
press release
Romania: Schoenherr advises Eleco on acquisition of Vertical Digital
Schoenherr Romania advised Eleco, a world-class software provider to companies in the construction and built environment sector, on the acquisition of 100 % of the share capital of Vertical Digital. The transaction will add critical capabilities to Eleco, as Vertical Digital has a proven track record of providing agile and innovative software development, technical consulting and upskilling solutions across many European and multinational end-customers.
newsletter
What does the CSDDD mean for Hungary? Do Hungarian companies need to worry?
Introduction
CSR, CSRD and now CSDDD: so many abbreviations have appeared over the last years in the context of sustainability. Sometimes referred to as the "European Supply Chain Act", CSDDD stands for the "Corporate Sustainability Due Diligence Directive". It is commonly abbreviated as the "CSDDD", "CSDD directive" or "CS3D".
press release
Poland: Schoenherr advises Grupa Żywiec on conditional agreement for sale of Leżajsk brewery
Schoenherr advised Grupa Żywiec (the Polish subsidiary of the Heineken Group), a prominent brewing company in Poland known for its rich tradition and innovative approach to alcoholic beverage production, on signing a conditional agreement for the sale of the brewery in Leżajsk to Mycofeast.
press release
28 March 2024
T.Kulnigg N.Kerschbaumer C.Haid T.Dabsch A.Caprau C.Rainer Y.Kraudinger T.Waidmann H.Kirschner N.Zafoschnig V.Anastassova C.Pretscher
Austria: Schoenherr advises Caverion Österreich GmbH on acquisition of Climacraft's refrigeration and air conditioning business
Schoenherr advised Caverion Österreich GmbH, a provider of technical facility services, on its acquisition of the refrigeration and air conditioning business of Climacraft GmbH, a leading company in the field of refrigeration and air conditioning technology, through an asset deal.
press release
14 March 2024
F.Urlesberger R.Bachner G.Petric D.Wadl M.Zöhrer N.Stepan K.Hetényi A.Menczelesz G.Bădescu C.Manea Ș.Andronachi
Austria: Schoenherr advises swisspor Holding AG on its 100 % acquisition of Creaton Polska sp. z o.o., Creaton South East Europe Kft and Creaton Steildach GmbH
Schoenherr advised swisspor Holding AG on its acquisition of 100 % of the shares in Creaton Polska sp. z o.o., Creaton South East Europe Kft and Creaton Steildach GmbH, together forming the Creaton Eastern Business, from its former indirect shareholder, Terreal Holding S.A.S. In an interrelated transaction, Terreal's operations in France, Italy, Spain and the USA as well as Creaton's business in Germany and the Benelux countries were sold to Wienerberger AG, an international manufacturer of building materials and infrastructure solutions.
press release
Austria/Czech Republic/Poland: Schoenherr advises Hartree Partners on cross-border energy joint venture with Botres Group
Schoenherr advised Hartree Partners Ltd., a global energy and commodities firm, on its acquisition of 50 % of the shares in Botres Group, a key supplier of ultra-modern industrial biogas plants and biorefineries in Austria, the Czech Republic, Poland, Italy and Spain, and the formation of a cross-border equity joint venture in the energy sector.
publication
04 March 2024
CEE
CEE team
The International Comparative Legal Guide to: Mergers & Acquisitions 2024
publication
Lexology In-Depth: Acquisition and Leveraged Finance - Edition 10: Chapter Bulgaria
press release
Poland: Schoenherr advises Byggfakta Group on acquisition of Marketplanet
Schoenherr advised Byggfakta Group, a leading digital platform operator in the construction industry, on its acquisition of Marketplanet, a procurement platform, from the Avallon MBO fund.
press release
Romania/Austria/Hungary: Schoenherr advises TeraPlast on acquisition of Wolfgang Freiler Group
Schoenherr advised TeraPlast Group on its acquisition of the Wolfgang Freiler Group from the Austrian Uhl family. With this major transaction, the Romanian entrepreneurial group TeraPlast will establish its Central and Western European footprint by taking over production facilities in Hungary as well as a dynamic distribution division in Hungary, the Czech Republic, Austria, Germany and France.
press release
Poland: Schoenherr advises Avallon on sale of Wosana S.A. to DyDo Group
Schoenherr advised Avallon MBO, a private equity fund in Central and Eastern Europe, on the sale of Wosana S.A., a beverage producer, to DyDo Group Holdings, Inc., a Japanese industry investor.
roadmap
Financing transactions and FDI in Slovakia: could foreign creditors be caught?
Regulations on Foreign Direct Investment (FDI) are becoming increasingly influential, especially in M&A transactions. It is essential to consider how these regulations will affect foreign creditors, particularly those from non-EU countries. The Slovak FDI Act will have numerous implications for financing and security arrangements.
roadmap
To buy or not to buy a going concern? Alternative M&A transaction structuring in Bulgaria
Unsurprisingly, the most common M&A transaction structures in Bulgaria are share deals, in which the target company is acquired with all its assets and liabilities, and asset deals, in which individual assets are acquired. But these structures may not always serve the parties' commercial needs. A share deal may not be possible if the buyer's due diligence revealed a title issue with the shares, a minority shareholder does not consent to a 100 % sale, or the company may have a separate line of business that the seller wishes to retain. A pure asset deal may be impractical if the buyer aims to acquire a business (e.g. a shopping mall as an operational asset) and not an individual asset (e.g. the shopping mall as a building), or where the transfer of contracts and certain relevant liabilities that form part of the business requires third-party consents.
roadmap
Share everything, but safely? How to protect data in a due diligence process
In the fast-paced world of mergers and acquisitions, due diligence is a critical step in evaluating the legal, financial and strategic aspects of a potential deal. But as personal data becomes increasingly valuable, the data protection aspects of due diligence is coming under the spotlight. Companies must navigate a complex landscape to ensure that personal data is safeguarded.
roadmap
Hungarian state subsidies: an impediment to M&A?
To stimulate the economy, the Hungarian government has awarded state subsidies to many new investments, including greenfield investments and capacity expansions. This can only have positive effects for company buyers, right? Or is more caution warranted? How is the potential acquisition of a Hungarian target company that has received a state subsidy impacted?
roadmap
A ground-breaking ruling in the Xella Hungary case
In a recent judgment in Case C-106/22, the Court of Justice of the European Union (CJEU) ruled that under one of Hungary's foreign direct investment screening regimes the objective of securing a regional supply of gravel, sand and clay for the construction industry cannot justify restrictions on freedom of establishment. The CJEU declared that this objective is not a fundamental social interest that could justify such restrictions on the grounds of public policy or public security.
roadmap
Preparing for the Corporate Sustainability Due Diligence Directive
In the anticipation of the Corporate Sustainability Due Diligence Directive and the greater emphasis buyers will put on due diligence of processes and evaluation of risks, sellers and targets should take a proactive approach in demonstrating their readiness to deal with the new ESG requirements.
press release
Austria: Schoenherr advises ATU on sale of Austrian business to Lucky Car
Schoenherr advised the German company A.T.U Auto-Teile-Unger Handels GmbH & Co. KG (ATU) on the sale of its Austrian business to Lucky-Car Franchise & Beteiligungs GmbH (Lucky Car).
press release
11 January 2024
R.Bachner D.Wadl M.Thorbauer T.Waidmann A.Pabst A.Visontai-Knor N.Stepan M.Fasching F.Terharen H.Kirschner M.Czernin
Austria: Schoenherr advises HID on acquisition of ZeroSSL
Schoenherr advised HID Global Corporation, an international provider of secure identity products, on the acquisition of all shares in ZeroSSL GmbH, a company providing solutions for the creation and management of website security certificates.
press release
Schoenherr tops 2023 Mergermarket M&A rankings in Central Eastern Europe and Austria
press release
Romania: Schoenherr advises Renovatio in benchmark green projects partnership with OMV Petrom
Schoenherr Romania advised Renovatio, an infrastructure asset owner, in a benchmark transaction with OMV Petrom, the largest integrated energy company in Southeast Europe, concerning green assets.
press release
21 December 2023
K.Hetényi A.Menczelesz M.Kovács Á.Kovács Z.Rideg T.Waidmann A.Amann A.Pabst
Hungary/Austria: Schoenherr advises Ceres Pharma on acquisition of Hungarian companies Innopharm & Vitaplus and their Austrian subsidiary
Schoenherr advised Ceres Pharma NV, a Belgium-based pharmaceutical company, on the acquisition of the Hungarian pharmaceutical companies VitaPlus Kft and Innopharm Kft., including their Austrian subsidiary Innopharm GmbH.
press release
15 December 2023
M.Cojocaru V.Cordea S.Lehniuc M.Mitan A.Huza L.Buzatu-Teodorescu G.Bădescu D.Trusculete
Romania: Schoenherr advises Nofar Energy on acquisition of Romania's largest solar PV project
Schoenherr Romania advised Nofar Energy on the acquisition of a 255 MW solar photovoltaic (PV) project under development from Portland Trust. Expected to become operational in 2024, this is Romania's largest solar PV park. It spans 290 hectares in Corbii Mari, Dambovita county and is expected to generate 362 GWh of renewable energy a year, enough to cover the electricity consumption needs of approx. 160,000 households.
press release
Romania: Schoenherr advises Mitiska REIM's Romanian partner in the sale of 25 retail parks to M Core
Schoenherr advised Soundbox Investment SRL and its shareholder Clemens Petschnikar in a transaction in which Soundbox Investment and Mitiska REIM sold 25 retail parks to LCP Group, part of M Core. With a value of EUR 219m, this is one of the largest retail real estate transactions in Romania.
publication
07 December 2023
albania bosnia & herzegovina croatia serbia north macedonia montenegro
S.Petronijević Z.Šoljaga A.Mihaljević*
The International Comparative Legal Guide - Merger Control 2024
press release
Bulgaria: Schoenherr advises Borealis AG on contemplated acquisition of Integra Plastics
Schoenherr advises Borealis AG, a leader in advanced and circular polyolefin solutions, on the contemplated acquisition of Integra Plastics, a Bulgarian polyethylene and polypropylene recycler.
press release
CEE: Schoenherr named CEE M&A Legal Adviser of the Year by Mergermarket
Schoenherr won the CEE M&A Legal Adviser of the Year award presented by Mergermarket at the European M&A Awards Gala on 28 November 2023.
press release
Austria: Schoenherr advises EHL on sale of EHL Immobilien Management GmbH to IMV
Schoenherr advised EHL Immobilien GmbH on the sale of the entire share in EHL Immobilien Management GmbH to PMV Holding GmbH, a member of the IMV Immobilien Management Group.
press release
Poland: Schoenherr advises Joachim Exner, insolvency administrator of Dr. Schneider's Group, on EUR 118.3m sale of its business to Samvardhana Motherson Group
Schoenherr advised Joachim Exner, the insolvency administrator of Dr. Schneider's Group, a German key supplier for electronic components and polymer systems, on the Polish aspects of the sale of its business to Samvardhana Motherson Group, a wholly owned subsidiary of Samvardhana Motherson International Limited, for EUR 118.3m.
press release
Poland: Schoenherr advises ABC Automotive Poland on sale to ETM Group
Schoenherr advised ABC Automotive Poland, a Polish subsidiary of ABC Technologies Holdings, Inc., a global automotive equipment supplier, on the sale of its business to a subsidiary of ETM International GmbH, a group providing designing and manufacturing services to OEMs in the automotive industry.
press release
Romania/Hungary: Schoenherr advises Agrofert on acquisition of East Grain
Schoenherr advised Czech agri-food group Agrofert on the acquisition of a majority stake in East Grain, a Romanian trader of cereals and oilseeds, and its Hungarian subsidiary. With this transaction, Agrofert enters the Romanian agribusiness market, expanding its footprint in that country, where it was already active in the fertilisers distribution sector.
newsletter
Romania: Who (else) can claim the nullity of a share transfer?
Can one or more of a company's shareholders claim that a transfer of shares to third parties by other shareholders is null, even if the claimants were not interested in acquiring those shares? And when faced with such a claim, would Romanian courts rule in favour of the claimant? A recent court ruling has answered both questions with a resounding "yes", opening new horizons in M&A-related matters in Romania.
press release
Czech Republic/Slovakia: Schoenherr advises BHM Group on acquisition of major production and logistics centre in Slovakia
Schoenherr advised BHM Group, an important investment group on the Czech market, in connection with the acquisition of one of the largest production and logistics centres in Slovakia, Trenčín Industrial Park, by the acquisition of a 100 % share in ZNO Slovakia s.r.o. (now BHM Trenčín s.r.o.). With this acquisition, BHM Group has become one of Slovakia's largest industrial and logistics landlords, being the only local developer and investor in the top five.
press release
Poland: Schoenherr advises Beta Systems on acquisition of InfiniteData
Schoenherr advised Beta Systems Software AG, a Frankfurt Stock Exchange listed software company based in Germany, on the 100 % acquisition of InfiniteData sp. z o.o., a Polish software company, from its founders. It was the second Polish acquisition in which Schoenherr advised Beta Systems.
press release
03 October 2023
M.Jendželovský V.Čížek H.Hangler M.Gremillot L.Dočekalová R.Bicek P.Korál K.Zmatlíková J.Kupčík S.Špeta
Czech Republic: Schoenherr advises BHS Private Equity Fund on acquisition of Altran CZ a.s.
Schoenherr advised BHS Private Equity Fund ("BHS PE Fund"), whose general partner is Versute Investments a.s., on the acquisition of Altran CZ a.s., renamed Tiyo a.s. ("Tiyo"), a leading provider of research, development and testing services, from Capgemini group.
press release
Serbia: Schoenherr advises founders of Novelic on sale of 54 % stake to Sona Comstar
Moravčević Vojnović and partners in cooperation with Schoenherr advised the founders of the Serbia-based company Novelic – Messrs. Brankovic, Mihajlovic and Tasovac (Sellers) – on the sale of an aggregate 54 % stake to Sona Comstar, a leading global provider of automotive technology solutions.
press release
Austria: Schoenherr advises Thoma Bravo portfolio company J.D. Power on acquisition of Autovista Group
Schoenherr advised, alongside lead counsel Kirkland & Ellis, London, Thoma Bravo's portfolio company J.D. Power, a global leader in data analytics, on the acquisition of the leading pan-European and Australian automotive data, analytics and industry insights provider Autovista Group.
newsletter
Electronic notarisation in Moldova
On 26 May 2023 the Parliament of Moldova passed Law No.°126, which among other things implements certain novelties to the Moldovan Law on Notarial Procedure. Those relating to electronic notarisation will enter into force when the technical conditions referred to in the law are in place, but not later than 23 June 2026.
press release
10 August 2023
R.Bachner D.Wadl N.Stepan M.Jendželovský F.Urlesberger J.Frank C.Benes F.Oczlon
Austria: Schoenherr advises NEVEON on sale of Greiner Perfoam to Trèves
Schoenherr advised NEVEON Holding GmbH ("NEVEON"), a member of the Greiner Group, on the sale of the automotive division, consisting of Greiner Perfoam GmbH and its subsidiaries ("Perfoam Group"), to Trèves S.A.S. ("Trèves").
press release
03 August 2023
austria bulgaria serbia slovakia hungary
A.Doytchinova L.Lopičić C.Haid K.Hetényi S.Hekelová K.Kaloyanova-Toshkova M.Lučivjanský A.Menczelesz P.Erić
CEE: Schoenherr advises Emirates Telecommunications Group Company on acquisition of a controlling stake in PPF Telecom Group's assets in Bulgaria, Hungary, Serbia and Slovakia
Schoenherr advised Emirates Telecommunications Group Company ("e&") alongside Sullivan & Cromwell London on the acquisition of a controlling stake in PPF Telecom Group's assets in Bulgaria, Hungary, Serbia and Slovakia.
event
IBA CEE Conference – The Future of Legal Management
22 September 2023 | Intercontinental Athénée Palace, Bucharest
newsletter
Romania: How does the Mobility Directive change the M&A framework?
EU Directive 2019/2121 (also known as the "Mobility Directive") aims to create a reinforced framework for cross-border operations while ensuring the protection of employees, creditors and minority shareholders in the internal market.
press release
Romania: Schoenherr advises SpeedValue on acquisition of Codegile
Schoenherr Romania advised SpeedValue on its acquisition of Romanian software developer Code Agile SRL, operating under the Codegile brand. The transaction is part of SpeedValue's growth strategy aimed at responding to increasing demand for development services in the context of the accelerated transition to cloud-based environments across sectors. Following the transaction, Codegile has become CodeValue Romania.
press release
14 July 2023
M.Lang Z.Simonishvili T.Waidmann A.Doytchinova D.Vlahov Buhin* I.Einwalter* V.Čížek K.Hetényi P.Halwa M.Neagu L.Lopičić S.Hekelová T.Iurkovska
Austria/CEE: Schoenherr advises GfK SE on EUR 315m sale of European Consumer Panel business (GfK CP) to YouGov PLC
Schoenherr alongside Jones Day (lead counsel for GfK) advised GfK SE on the EUR 315m sale of its European Consumer Panel business (GfK CP) to YouGov PLC. Closing is subject to regulatory clearances and is expected to occur in the second half of 2023.
press release
Romania: Schoenherr advises AkzoNobel on sale of its insulation materials production to HIRSCH Porozell
Schoenherr Romania advised AkzoNobel on the sale of its extruded polystyrene (XPS) insulation material production activities in Romania to HIRSCH Porozell. The production facility near Bucharest became part of AkzoNobel following the acquisition of Fabryo in October 2018. Through this divestment, AkzoNobel plans to focus on its key expertise and streamline its footprint towards a single production site in the local market.
press release
Austria: Schoenherr advises Tello Holding AG on acquisition of majority stake in VA Intertrading
Schoenherr advised Tello Holding AG on the acquisition of the majority stake in VA Intertrading Aktiengesellschaft (VAIT) by taking over Kairos Industrie Holding GmbH.
press release
Austria: Schoenherr advises VERBUND AG on acquisition of Solarpower Holding GmbH and its subsidiaries
Schoenherr advised VERBUND AG, via its subsidiaries VERBUND Energy4Business GmbH and VERBUND Thermal Power GmbH, on the acquisition of all shares in Solarpower Holding GmbH and (indirectly) its subsidiaries MSP Solarpower GmbH and IFIX-Solar GmbH from its shareholder.
press release
Romania: Schoenherr advises DDM on acquisition of Intrum's entire NPL portfolio in Romania
Schoenherr Romania advised DDM Holding AG (DDM) on the acquisition of a non-performing loans (NPL) portfolio from Intrum AB (Intrum). The portfolio contains unsecured consumer receivables and has a face value of over EUR 1bln. The servicing of the portfolio will be performed by AxFina, part of the DDM group. With this transaction, Intrum will exit the Romanian market, as part of its strategic priorities to reduce the number of its jurisdictions, and simplify and focus its geographical footprint.
press release
05 July 2023
G.Petric G.Kulcsar N.Stepan A.Pabst N.Zafoschnig K.Pusch C.Unterdünhofen J.Frank M.Thorbauer T.Hayden
Austria: Schoenherr advises SanusX GmbH on acquisition of participation in Biome Diagnostics GmbH
Schoenherr advised SanusX GmbH, a UNIQA Group company, on the acquisition of a participation in Biome Diagnostics GmbH in a capital increase transaction.
press release
Romania: Schoenherr advises OMV Petrom on acquisition of 710 MW PV projects
Schoenherr Romania advised OMV Petrom on the acquisition of several photovoltaic (PV) parks under development, with planned installed power of approx. 710 MW. The projects, which are located in Teleorman county, are being developed by the Danish developer Jantzen Renewables and are expected to reach the "ready-to-build" phase in the second quarter of 2024.
press release
Austria/Slovenia: Schoenherr advises OMV on sale of OMV Slovenija to MOL
Schoenherr advised OMV Downstream GmbH ("OMV") on the sale of its subsidiary OMV Slovenija to a subsidiary of MOL Hungarian Oil and Gas Plc ("MOL"). The initial purchase price received at closing amounts to EUR 311m (for a 92.25 % OMV stake) to be adjusted for the actual net working capital and net financial debt at closing. The sale and transfer encompassed OMV's retail and wholesale business in Slovenia.
press release
26 June 2023
T.Kulnigg N.Kerschbaumer M.Czernin C.Haid T.Dabsch M.Thorbauer C.Rainer T.Waidmann T.Hayden A.Pabst N.Zafoschnig D.Tyrybon Y.Kraudinger
Austria: Schoenherr advises Audiotonix Group on acquisition of sonible GmbH
Schoenherr advised the Audiotonix Group, a global market leader in the design, engineering and manufacture of professional audio mixing consoles, on the acquisition of sonible GmbH, an Austrian start-up specialised in developing AI-assisted audio plug-ins and 3D audio systems.
press release
Romania: Schoenherr advises Catalyst on major investment in ESX
Schoenherr Romania advised Catalyst Romania Fund II, a key venture capital fund in Southeast Europe, on a EUR 2m transaction involving a sports subscription start-up by ESX, the largest Romanian sports centre network. The investment allows ESX to strengthen its market position by expanding at a higher rate and opening up new cross-border prospects.
press release
Austria: Schoenherr advises Rhône Capital on public cash offer in RHI Magnesita N.V.
Schoenherr advised Rhône Capital ("Rhône") on a public cash offer for up to 29.9 % of the share capital in RHI Magnesita N.V. ("RHI Magnesita"). The offer document was published on 19 June 2023 following an announcement of the intended transaction on 30 May 2023.
press release
Romania: Schoenherr advises euShipments.com on acquisition of Helpship
Schoenherr Romania advised BlackPeak-backed euShipments.com, one of the fastest-growing ecommerce logistics platforms in the region, on the acquisition of a majority stake in Romanian e-fulfilment provider Helpship.
press release
02 May 2023
V.Čížek J.Marek M.Jendželovský H.Hangler M.Gremillot L.Dočekalová J.Kupčík S.Špeta M.Svoboda
Czech Republic: Schoenherr advises Lindab Group on acquisition of Ventilace EU a.s.'s Czech ventilation business
Schoenherr advised Lindab Group ("Lindab"), a leading European ventilation company, on the acquisition of the ventilation business of Ventilace EU a.s. ("Ventilace EU"), a top Czech HVAC manufacturer and wholesaler. The acquisition of Ventilace EU's ventilation business resulted from the previous successful collaboration between both companies. Ventilace EU's co-owner and managing director, Jiří Chvátal, will continue to run the business as part of Lindab.
press release
Austria: Schoenherr advises sell-side in RHI Magnesita's acquisition of Seven Refractories
Schoenherr advised Seven Refractories GmbH on the sale of its European, Indian and US operations to RHI Magnesita for a cash consideration of approximately EUR 93m. Closing is expected in the second half of 2023 and is subject to the fulfilment of customary regulatory approvals.
press release
27 April 2023
austria hungary slovakia czech republic romania serbia
R.Perner M.Marschall V.Weiss C.Benes F.Oczlon M.Sturmair K.Hetényi A.Menczelesz Z.Rideg N.Suller M.Neagu M.Popescu V.Čížek R.Bicek J.Farbiak
Austria/CEE: Schoenherr advises Carrier on EUR 12bln acquisition of Viessmann Climate Solutions
Schoenherr advised the Carrier Global Corporation (Carrier), a provider of intelligent climate and energy solutions, on its acquisition of Viessmann Climate Solutions, alongside Linklaters. The cash and stock transaction is valued at EUR 12bln and is the largest transaction in the German M&A market to date this year.
publication
20 March 2023
CEE
C.Herbst S.Hödl I.Stoyanov K.Kaloyanova-Toshkova S.Moravčević P.Vučinić M.Vojnović V.Kurtić V.Kobe B.Brežan
The International Comparative Legal Guide to: Mergers & Acquisitions 2023
press release
Austria: Schoenherr advises OMV on establishment of a geothermal energy joint venture with Wien Energie
Schoenherr advised OMV on the establishment of a geothermal energy joint venture with Wien Energie, the largest regional energy provider in Austria.
press release
Austria: Schoenherr advises Inflexion on acquisition of majority stake in European fintech Nomentia from PSG Equity and Verdane
Schoenherr advised Inflexion, a leading mid-market private equity firm, on the acquisition of a majority stake in the European fintech Nomentia from PSG Equity and Verdane.
press release
Austria: Schoenherr advises América Móvil on extension of its partnership with OBAG as to Telekom Austria including on a spin off by Telekom Austria of its tower business
Schoenherr advised América Móvil as the controlling shareholder of Vienna Stock Exchange listed Telekom Austria on the terms of a ten-year extension of its shareholder agreement with Oesterreichische Beteiligungs AG (OBAG) and on related measures.
press release
Romania: Schoenherr advises Nofar Energy on acquisition of 73 MW solar PV project
Schoenherr Romania advised Nofar Energy on the acquisition of a 73 MW solar photovoltaic (PV) project in Slobozia, Giurgiu county.
press release
Slovenia: Schoenherr advises AMC IV and Accession Capital Partners on mezzanine financing and equity investment into textile division of Fori group
Schoenherr advised AMC Capital IV SCSp, a private-equity (mezzanine) fund (AMC), and Accession Capital Partners (ACP) on mezzanine financing and an investment into Fori group's textile division by AMC. Closing occurred on 5 January 2023.
press release
25 January 2023
V.Čížek M.Jendželovský O.Havlíček H.Hangler J.Kupčík N.Dubská S.Špeta
Czech Republic: Schoenherr advises METRO AG on cooperation with Košík
Schoenherr advised METRO AG ("METRO") on strengthening its successful cooperation with Košík via the acquisition of a 25 % stake in Košík Holding, the parent company of Košík.cz s.r.o. and Kolichka.bg Online Supermarket EOOD (together "Košík"), an eGrocery delivery service currently active in the Czech Republic and Bulgaria, with an option for a further 5 % if Košík expands into other CEE markets in collaboration with METRO.
press release
Austria/CEE: Schoenherr again on top in Mergermarket M&A rankings
Schoenherr has reaffirmed its strong position as the leading M&A advisor by being ranked number one in the 2022 Mergermarket M&A league tables for Austria in terms of total deal count for the 10th year in a row. The firm was also again top ranked in the league tables for qualifying transactions in CEE, rising to second place in terms of deal count in 2022.
press release
Serbia: Schoenherr advises MaxBet on agreement to acquire El Dorado Slot Clubs in Serbia
Moravčević Vojnović and partners in cooperation with Schoenherr advised MaxBet (Serbia) on reaching an agreement with BARGAME AD, a member of the CT GAMING group (Bulgaria), to acquire its entire ownership stake in El Dorado Slot Clubs in Serbia.
press release
Austria: Schoenherr advises FirmenABC shareholders on exit to Austrian consortium
Schoenherr advised the shareholders of the FirmenABC Group on the exit (sale) to an Austrian consortium of investors.
press release
Austria/Hungary: Schoenherr advises Harps Global (Singapore) on acquisition of Semperit's medical division
Schoenherr advised Singapore-based Harps Global PTE. LTD on the acquisition of the medical business division (Sempermed) from Austrian Semperit Group for an enterprise value of EUR 115m.
press release
Romania: Schoenherr advises Enery on acquisition of Jade Power Trust's renewable energy assets in Romania and on attracting bank financing
Schoenherr advised Enery on the acquisition of a Romanian renewable energy multi-technology (wind, solar and hydropower) portfolio with 81 MWP of installed capacity from Jade Power Trust, and on the related financing. With this deal Enery, which has been developing solar greenfield assets in Romania for three years, enters the local green electricity production market as a major player.
press release
Romania: Schoenherr advises MET Group on first investment in Romanian renewable energy market
Schoenherr advised MET Group on the acquisition of a solar photovoltaic ("PV") project under development in Southern Romania. The project has a planned installed capacity of 52 MWp and is expected to reach ready-to-build status by the first quarter of 2023.
newsletter
Foreign Subsidies Regulation: The new kid on the block
On 28 November 2022, the Council of the European Union gave its final approval to the Regulation on Foreign Subsidies distorting the Internal Market (FSR) following the adoption of the regulation by the European Parliament on 10 November 2022.
press release
Austria/Romania: Schoenherr advises CA Immo on sale of Romanian platform
Schoenherr advised Vienna-based property company CA Immobilien Anlagen Aktiengesellschaft ("CA Immo") on the sale of its Romanian portfolio to Romanian investment entity Paval Holding.
press release
Schoenherr advises BHM Group on acquisition of portfolio of 10 Polish retail parks
Schoenherr advised BHM Group, an important investment group on the Czech market, in connection with the acquisition of a portfolio of 10 Polish retail parks worth CZK 1bln. The goal of the newly established retail division is to acquire several dozen retail parks in Central Europe or the Balkans over the next two to three years.
press release
Bulgaria: Schoenherr advises Oiltanking on divestment of liquid storage facility terminal in Bulgaria
Schoenherr advised Oiltanking GmbH ("Oiltanking") on the sale of a 91.1 % stake in a liquid storage terminal at the Black Sea in Devnya, Varna to Astra-Finance AD. The sale is subject to customary third-party approvals and completion is expected by the end of Q1 2023.
press release
Romania: Schoenherr advises Eurobank on sale of Eliade Tower office building in Bucharest to One United Properties
Schoenherr Romania advised Eurobank S.A. Greece ("Eurobank") on the sale of an office building in Bucharest to One United Properties. The 10-floor Eliade Tower office building, located in the city's booming business area Floreasca, has an area of approx. 10,000 m2 and is currently 50 % leased.
press release
Austria/Serbia: Schoenherr advises Greiner Packaging on acquisition of ALWAG
Schoenherr in cooperation with Moravčević Vojnović and partners advised Greiner Packaging International GmbH (Greiner) on all legal aspects of its 100 % acquisition of Serbian PET flake producer ALWAG DOO NOVA GAJDOBRA from ALING-CONEL d.o.o. Gajdobra (Serbia) and REIWAG Facility Services GmbH (Austria).
press release
Austria: Schoenherr advises NORD Holding on acquisition of majority stake in Heizkurier Group
Schoenherr advised NORD Holding, together with Noerr, on the acquisition of a majority stake in the Heizkurier Group from Odewald KMU (Heizkurier).
press release
Austria: Schoenherr advises logistics company Ancla Logistik on merger with Logsta
Schoenherr advised German logistics company Ancla Logistik GmbH (Ancla) on its merger with Austrian logistics scale-up Logsta GmbH (Logsta) and the simultaneous conversion of existing revenue based venture debt provided by Round2 Capital to Logsta.
press release
16 August 2022
I.Stoyanov S.Tsekova K.Kaloyanova-Toshkova V.Tomov G.Roussinova-Ivanova A.Lazarevska
Bulgaria: Schoenherr advises KKCG and Aricoma Group International on acquisition of Musala Soft
Schoenherr advised the KKCG Group (KKCG) and its portfolio company Aricoma Group International AB (Aricoma) on the acquisition of Musala Soft, a major Bulgarian software company, and its subsidiaries.
press release
Austria/CEE: Schoenherr advises on the sale of significant parts of Kontron Group’s IT services business in eleven countries for EUR 400m
Schoenherr advised stock exchange listed technology group Kontron AG (formerly S&T AG) on the sale of significant parts of Kontron Group’s IT services business to VINCI Energies S.A. in the course of a competitive auction process for a purchase price of approx. EUR 400m.
press release
Croatia: Schoenherr advises NEXI on signing agreement with Intesa Sanpaolo regarding merchant acquiring business in Croatia
Schoenherr advised NEXI S.p.A. ("NEXI") on reaching an agreement with Privredna banka Zagreb d.d. ("PBZ Bank") and PBZ Card d.o.o. ("PBZ Card"), a Croatian company indirectly controlled by Intesa Sanpaolo S.p.A., to purchase PBZ Card’s merchant acquiring business in the Croatian market, for a consideration of EUR 180m.
press release
30 June 2022
T.Kulnigg N.Kerschbaumer C.Pretscher C.Haid L.Todeschini M.Czernin B.Kapeller-Hirsch C.Rainer Y.Kraudinger N.Zafoschnig T.Waidmann S.Müller
Austria: Schoenherr advises Caverion on acquisition of PORREAL Group
Schoenherr advised Caverion Österreich GmbH on acquiring all shares in PORREAL GmbH in Austria, also including its subsidiary ALEA GmbH (together "PORREAL Group").
press release
Czech Republic: Schoenherr advises Ondřej Zíta on sale of OptimNet Solutions and OptimNet Solutions SK to Hellman Worldwide Logistics group
Schoenherr advised Ondřej Zíta on the sale of OptimNet Solutions s.r.o. and OptimNet Solutions SK s.r.o., a freight forwarding business operating the largest night-time distribution network in the Czech and Slovak Republics, to the Hellman Worldwide Logistics group, one of the largest international logistics providers.
press release
13 June 2022
V.Mandarić* L.Lopičić C.Haid K.Šourek* D.Vlahov Buhin* K.Krušlin* A.Mihaljević* Z.Šoljaga L.Krznar*
Croatia: Schoenherr advises Wienerberger on signing agreement to acquire Vargon d.o.o in Croatia
Schoenherr advised Wienerberger on reaching an agreement to acquire Vargon d.o.o, a leading provider of piping solutions in Croatia.
press release
Austria: Schoenherr advises technology service provider ARZ in Austria on acquisition by Accenture
Schoenherr advised ARZ Allgemeines Rechenzentrum GmbH (ARZ), a technology service provider focused on the banking sector in Austria, on its acquisition by Accenture.
press release
Austria: Schoenherr advises HS Timber on the acquisition of Luvian Saha (Finland)
Schoenherr advised Austrian HS Timber Group on the acquisition of Luvian Saha Oy, one of the largest private sawmills in Finland, from private owners.
publication
The Austrian Civil Code in the Digital World: Reflections on the Legal Classification of NFTs
press release
Austria: Schoenherr advises HS Timber Group and Blue Minds on the sale of Interfloat to Borosil Renewables, Limited, India
Schoenherr advised Austrian HS Timber Group and Blue Minds on the sale of Interfloat Corporation and GMB Glasmanufaktur Brandenburg GmbH to Borosil Renewables Ltd, listed on the Indian Stock Exchange.
press release
Austria: Schoenherr wins Austrian Deal of the Year Award from CEE Legal Matters
Schoenherr has won the Austrian Deal of the Year Award at this year's CEE Deal of the Year Awards Gala hosted by the regional legal industry journal CEE Legal Matters in London.
press release
Bulgaria: Schoenherr advises BlackPeak Capital on equity investment in courier and fulfilment provider EUShipments.com
Schoenherr advised BlackPeak Capital in relation to their equity investment of up to EUR 7.5m in EUShipments.com, a courier and fulfilment provider with operations in the EU and the UK and the holding company of InOut Trade.
publication
07 March 2022
austria bulgaria montenegro serbia slovenia
C.Herbst S.Hödl I.Stoyanov K.Kaloyanova-Toshkova S.Moravčević P.Vučinić M.Vojnović V.Kurtić V.Kobe B.Brežan
The International Comparative Legal Guide to: Mergers & Acquisitions 2022
press release
Austria: Schoenherr advises IMMOFINANZ supervisory board in bidding contest between CPI Property Group and S IMMO
Schoenherr advised the supervisory board of Austrian IMMOFINANZ AG in connection with the two competing takeover bids by CPI Property Group SA and S IMMO AG.
publication
Rechtsträgerexistenz der übertragenden Gesellschaft im Fall von sequenzierten Umgründungen (Mehrfachumgründungen) auf einen gemeinsamen Stichtag
press release
Austria: Schoenherr advises Herba Chemosan board on management buy-out
Schoenherr has advised the board of the Austrian pharmaceutical wholesaler Herba Chemosan Apotheker-AG (Herba Chemosan) on the recent management buy-out (MBO).
press release
03 February 2022
A.Doytchinova S.Pavlova-Kaneva V.Tomov G.Roussinova-Ivanova K.Bozhinova L.Dočekalová H.Hangler
Bulgaria: Schoenherr advises Chaos on Bulgarian law aspects in merger with Enscape
Schoenherr advised Chaos, a global leader in photorealistic rendering technology, on the Bulgarian law aspects of its merger with Enscape, a leading developer of real-time rendering and design workflow technology for the Architecture, Engineering and Construction (AEC) industries.
press release
Austria/CEE: Schoenherr recognised as leading Austrian M&A Legal Advisor for 2021 by Mergermarket
Schoenherr has, yet again, been named top M&A legal advisor in the Austrian market by Mergermarket. For over a decade, Schoenherr has been leading the Austrian Mergermarket M&A league tables.
roadmap
Cross-border mergers in Serbia: clash of laws postponed?
The Serbian Companies Act defines cross-border mergers as mergers of at least one commercial entity registered in Serbia and at least one commercial entity from EU Member States or states signatory to the EEA Agreement.
publication
Art und Modus der Gläubigersicherstellung bei Aktiengesellschaften in der Abwicklung
press release
02 December 2021
R.Perner M.Marschall M.Woller S.Aichhorn-Wöss C.Haid A.Pabst T.Waidmann D.Komarek M.Thorbauer
Austria: Schoenherr advises Sanofi on acquisition of Origimm Biotechnology GmbH
Schoenherr advised Sanofi, a global leader in healthcare, on the acquisition of 100 % of the shares in Origimm Biotechnology GmbH, a private Austrian biotechnology company.
press release
24 September 2021
R.Perner M.Marschall C.Haid C.Benes S.Kühteubl G.Ebner M.Thorbauer T.Waidmann K.Pusch L.Todeschini
Austria: Schoenherr advises ZECH Bau Austria on acquisition of Implenia's building construction business
Schoenherr advised ZECH Bau Austria GmbH, a German owner-managed construction company, on the acquisition of Implenia Baugesellschaft mbH's building construction business in Austria by virtue of an asset deal.
press release
20 September 2021
C.Herbst M.Lang V.Weiss A.Amann M.Thorbauer M.Woller T.Waidmann N.Zafoschnig
Austria: Schoenherr advises P&I on the acquisition of 100% of shares in VRZ
press release
Bulgaria: Schoenherr advises on top Bulgarian dental distributor transaction involving Abris Capital Partners
media coverage
EuGH bestätigt: Verfahren laut Übernahmegesetz ist nicht mit EU-Recht vereinbar
Die aufsichtsbehördliche Verfahrensstruktur im Übernahmerecht entspricht nicht den Vorgaben der EU-Grundrechtscharta. Das hat der EuGH entschieden. Eine Reform ist nun wohl unumgänglich.
media coverage
Dissonant Optimism: Mergers and Acquisitions in the Bulgarian Technology Industry
press release
17 August 2021
A.Doytchinova K.Kaloyanova-Toshkova S.Tsekova M.Gabrovska D.Kairakov G.Roussinova-Ivanova D.Vlaevsky E.Todorova G.Petkova
Bulgaria: Schoenherr advises MET Group on the acquisition of a 60 MW operational wind park in Western Bulgaria
press release
Romania: Schoenherr advises Nofar Energy on the acquisition of a 153 MW photovoltaic park under development in Romania
press release
30 July 2021
C.Herbst M.Lang V.Weiss A.Natterer T.Waidmann J.Stalzer A.Amann E.Hlina N.Zafoschnig D.Komarek
Austria: Schoenherr advises Cerba HealthCare on acquisition of Lifebrain from Investindustrial
Schoenherr advised French diagnostic centre group Cerba HealthCare on the acquisition of the Lifebrain Group from Investindustrial. Lifebrain owns and operates diagnostic laboratory centres throughout Italy and in Austria. The signing of the transaction took place on 18 July 2021 and closing is subject to regulatory clearances expected in Q4 2021.
press release
Bulgaria: Schoenherr advises Ringier on the acquisition of Sportal Media Group and Digital Ventures
Schoenherr advised Swiss-based media company Ringier on the acquisition of a majority stake in the leading Bulgarian sports news portal – Sportal Media Group – and an affiliated IT company behind the leading international Sports Content Management System, Sportal365 – Digital Ventures OOD.
press release
Austria: Schoenherr advises on the sale of Czipin Produktivitätssteigerungs-GmbH to ROI-EFESO
Schoenherr advised Czipin Privatstiftung and Alois Czipin on the sale of all shares (100 %) in Czipin Produktivitätssteigerungs-GmbH (CZIPIN) to EFESO Consulting France SAS. CZIPIN will thus become a part of the global consulting specialist ROI-EFESO. The signing took place on 24 June. The closing of the transaction is subject to merger control clearance.
press release
Austria: Schoenherr advises SiteLog Infra GmbH on the acquisition of Implenia Baugesellschaft m.b.H.'s Austrian business unit "Equipment and Technology Services (ETS)"
press release
15 June 2021
austria vienna
R.Perner M.Marschall S.Aichhorn-Wöss G.Ebner M.Pressler M.Thorbauer T.Hayden
Austria: Schoenherr advises Credendo on the cross-border merger of their Austrian stock company into a Belgian group company
press release
06 May 2021
V.Čížek J.Marek M.Jendželovský R.Bicek M.Gremillot L.Dočekalová P.Devínsky J.Farbiak T.Šilhánek
Czech Republic: Schoenherr advises Ventus LLC and Sky Logistica Pte. Ltd. on acquisition of Skyport a.s.
press release
16 March 2021
A.Popp A.Amann C.Benes T.Hayden B.Rajal P.Staudigl F.Urlesberger A.Visontai-Knor T.Waidmann N.Zafoschnig M.Frantar V.Kobe M.Laković S.Ribanchova S.Tsekova D.Vlaevsky A.Lazarevska
Austria: Schoenherr advises Liechtenstein Group on investment in PV-Invest
publication
09 March 2021
austria bulgaria montenegro serbia slovenia
C.Herbst S.Hödl I.Stoyanov K.Kaloyanova-Toshkova M.Laković S.Moravčević M.Vojnović V.Kobe B.Brežan
The International Comparative Legal Guide to: Mergers & Acquisitions 2021
press release
Czech Republic: Schoenherr advises Raiffeisen Bank International AG and Raiffeisenbank a.s. on acquisition of AKCENTA CZ a.s.
roadmap
The perfect time to be a buyer?
During economic downturns valuations drop and dealmakers rightly expect a shift from a sellers' to a buyers' market. It is uncertain whether this will prove to be true for the COVID-19 recession. Among other factors, it will depend on the extent of promising acquisition opportunities as well as on the availability of stimulus money (both from government and other financing resources).
roadmap
M&A going forward: speed is the new currency
The global pandemic has left local economies shaken. It is increasingly clear that the recovery will not take a "V" shape but will rather look like a "swoosh" logo. This turmoil has left many local and regional companies distressed, unable to pay their debts when due or at very best in breach of financial covenants.
roadmap
Distressed M&A on the horizon: Merger control considerations to adapt to a new transactional environment
In response to the initial outbreak of COVID-19 several countries declared a state of emergency. As an immediate consequence, timelines for reviews of notified transactions were extended or even suspended.
roadmap
M&A going forward: speed is the new currency
Dealmaking has changed significantly after the outbreak of the pandemic. We have seen shifts not only in deal number and value, but also in the seller-buyer dynamics, in their expectations, the deal structure, and even in the parties' communication – with "remote" being the word of the year.
press release
Austria/CEE: Schoenherr maintains position as top M&A legal advisor on the Austrian market
Schoenherr has again maintained its position as the top M&A legal advisor on the Austrian market, leading the Austrian Mergermarket M&A league tables.
press release
Serbia: Schoenherr advises Sun Valley and Oaktree on acquisition of Victoria Oil
Schoenherr advised Sun Valley, a Serbian company co-owned by Mr. Vaja Jhashi, an agri. entrepreneur with business operations in Moldova, Ukraine and Romania, and funds managed by Oaktree Capital Management (UK) LLP, a leader among global investment managers specialising in alternative investments, on the acquisition of 100 % of the share capital of Victoria Oil from the Victoria Group.
press release
Czech Republic: Schoenherr advises Beijer Ref AB on acquisition of SINCLAIR Global group s.r.o.
Schoenherr advised Beijer Ref AG ("Beijer Ref"), a world-leading wholesaler of cooling technology and air-conditioning, on the acquisition of a majority stake in Czech SINCLAIR Global group s.r.o., the leading Central European supplier of heating, ventilating and air-conditioning equipment with a focus on air conditioners and heat pumps, from private individuals Ivo Nešpor, Vladimír Pakosta, and Zdeněk Čížek.
press release
Austria: Schoenherr advises UBS on the sale of its Austrian wealth management business to LGT
Schoenherr advised UBS Europe SE on the sale of its onshore wealth management business in Austria to LGT Bank AG, a leading international private banking and asset management group. Signing of the agreement which is still subject to competition authority clearance, took place on 16 December 2020. UBS and LGT expect to complete the transaction in the third quarter of 2021.
press release
Austria: Schoenherr advises sell-side in LINK Mobility's acquisition of WebSMS
Schoenherr advised the owners of the Austrian CPaaS ("Communication Platform as a service") companies atms, sms.at and their WebSMS brands (referred to as "WebSMS") on selling WebSMS to Norwegian LINK Mobility Holding ASA.
press release
Czech Republic: Schoenherr advises Auto Palace Group on acquisition of car dealerships from CarPoint Karlovy Vary s.r.o.
Schoenherr advised the Auto Palace Group ("Auto Palace"), a Czech subsidiary of the AutoBinck Group and a leader in car dealerships in the Czech Republic, on the acquisition of two car dealerships in Prague and Karlovy Vary from CarPoint Karlovy Vary s.r.o. With this expansion Auto Palace acquires two more dealerships with an investment value of almost EUR 6 million, and will expand its offer with five new brands, namely Audi, Volkswagen, Volkswagen Commercial Vehicles, SEAT and Cupra.
