Austria: Schoenherr advises Thoma Bravo portfolio company J.D. Power on acquisition of Autovista Group

Schoenherr advised on Austrian law as well as Slovak and Polish law aspects of the transaction. The transaction is expected to close by the end of 2023 and is subject to customary closing conditions as well as regulatory approvals.

J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modelling capabilities to understand consumer behaviour, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.

Autovista Group is currently owned by Hayfin Capital Management, a leading European alternative asset management firm. Through its five leading brands – Autovista, Eurotax, Glass's, Schwacke and Rødboka – the Group standardises and categorises hundreds of technical attributes for virtually every vehicle produced in the European and Australian markets, providing clients with a 360-degree view of detailed vehicle data for use in valuations, forecasts and repair estimates.

The Schoenherr team advising on the transaction was led by Christian Herbst (partner) and Maximilian Lang (partner) and further consisted of Zurab Simonishvili (attorney at law), Beatrix Schima (associate), Alexander Pabst (attorney at law), Tullia Veronesi (attorney at law), Nikolaus Stepan (associate), Peter Devínsky (counsel), Krzysztof Pawlak (local partner) and Daria Rutecka (attorney at law).