mergers & acquisitions news
Read through our m&a expert's articles, publications and news:
02 May 2023
V.Čížek J.Marek M.Jendželovský H.Hangler M.Gremillot L.Dočekalová J.Kupčík V.Pakosta 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.
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.
27 April 2023
austria hungary slovakia czech republic romania serbia
R.Perner M.Marschall V.Krikler V.Weiss C.Benes F.Oczlon M.Sturmair K.Hetényi A.Menczelesz Z.Rideg N.Suller Á.Hegyi N.Csiki M.Neagu M.Popescu Đ.Trifunović V.Čížek R.Bicek J.Farbiak J.Berník
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.
Austria/Romania: Schoenherr advises HS Timber Group on sale of HS Timber Productions Sebeș SRL to Ziegler Group
Schoenherr advised HS Timber Group on its sale of HS Timber Productions Sebeș SRL as part of a share sale. With more than 600 employees HS Timber Productions Sebeș SRL operates a sawmill and other industrial wood processing activities at the Sebeș site.
20 March 2023
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 2023
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.
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.
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.
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.
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.
25 January 2023
V.Čížek M.Jendželovský O.Havlíček S.Bednář H.Hangler J.Kupčík V.Pakosta 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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).
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.
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.
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.
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.
30 June 2022
T.Kulnigg N.Kerschbaumer C.Pretscher C.Haid L.Todeschini A.Lengger M.Czernin B.Kapeller-Hirsch C.Rainer Y.Kraudinger N.Zafoschnig T.Waidmann S.Müller T.Veronesi V.Demschik
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").
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.
13 June 2022
V.Mandarić* L.Lopičić C.Haid P.Šantić* K.Šourek* D.Vlahov Buhin* K.Krušlin Ćurić* A.Mihaljević* Z.Šoljaga L.Krznar* A.Vučkovečki*
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.
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.
Österreich: Schönherr berät Technologiedienstleister ARZ bei Übernahme durch Accenture
Schönherr hat die ARZ Allgemeines Rechenzentrum GmbH (ARZ), einen auf den Bankensektor fokussierten Technologiedienstleister in Österreich, beim Verkauf ihres auf informationstechnologische Unterstützungsleistungen von Kredit- und Finanzinstituten spezialisierten IT-Dienstleistungsunternehmens an Accenture beraten.
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.
The Austrian Civil Code in the Digital World: Reflections on the Legal Classification of NFTs
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.
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.
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.
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
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.
Rechtsträgerexistenz der übertragenden Gesellschaft im Fall von sequenzierten Umgründungen (Mehrfachumgründungen) auf einen gemeinsamen Stichtag
08 February 2022
T.Wenger S.Adrian-Waltner H.Wollmann E.Hlina M.Ebner P.Feyl M.Kovacs V.Stark
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).
03 February 2022
A.Doytchinova S.Pavlova-Kaneva V.Tomov G.Roussinova-Ivanova K.Bozhinova S.Bednář 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.
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.
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.
Art und Modus der Gläubigersicherstellung bei Aktiengesellschaften in der Abwicklung
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.
24 September 2021
R.Perner M.Marschall C.Haid C.Benes S.Kühteubl G.Ebner M.Thorbauer I.Hanin 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.
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
Bulgaria: Schoenherr advises on top Bulgarian dental distributor transaction involving Abris Capital Partners
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.
Dissonant Optimism: Mergers and Acquisitions in the Bulgarian Technology Industry
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
Romania: Schoenherr advises Nofar Energy on the acquisition of a 153 MW photovoltaic park under development in Romania
30 July 2021
C.Herbst M.Lang V.Weiss A.Natterer T.Waidmann V.Wolfbauer J.Stalzer A.Amann E.Hlina I.Sirakova 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.
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.
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.
Austria: Schoenherr advises SiteLog Infra GmbH on the acquisition of Implenia Baugesellschaft m.b.H.'s Austrian business unit "Equipment and Technology Services (ETS)"
15 June 2021
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
06 May 2021
V.Čížek J.Marek M.Jendželovský R.Bicek V.Pakosta S.Bednář 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.
16 March 2021
A.Popp A.Amann C.Benes I.Hanin T.Hayden B.Rajal P.Staudigl F.Urlesberger A.Visontai T.Waidmann N.Zafoschnig M.Frantar V.Kobe M.Laković S.Ribanchova S.Tsekova D.Vlaevsky
Austria: Schoenherr advises Liechtenstein Group on investment in PV-Invest
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
Czech Republic: Schoenherr advises Raiffeisen Bank International AG and Raiffeisenbank a.s. on acquisition of AKCENTA CZ a.s.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
Bulgaria: Schoenherr advises MET Group on acquisition of 42 MW wind park from Enel Green Power
Schoenherr advised MET Group on the acquisition of a 100 % stake in one of the biggest wind parks in Bulgaria from Enel Green Power S.p.A. The 42-megawatt wind park, operational since 2010, is situated in the Kavarna region near the Bulgarian Black Sea coast. Schoenherr acted as legal advisor on the buy-side. Merger clearance still needs to be obtained as closing is expected by the end of the year.
Czech Republic: Schoenherr advises Celonis SE on acquisition of Integromat group
Schoenherr advised Celonis SE ("Celonis"), a global leader in process mining software, on the acquisition of Czech Integromat, s.r.o. and its subsidiaries, one of the most progressive providers of automation software. The acquisition allows Celonis to achieve full synergy in the provision of process mining services offering professional automation solutions.
Austria/Croatia: Schoenherr advises S IMMO AG on acquisition of "Zagrebtower" office complex from CA Immo
Schoenherr successfully advised S IMMO AG on the acquisition of the "Zagrebtower" office complex from CA Immobilien Anlagen AG (CA Immo). The complex in Zagreb has a total rental space of approx. 26,000m² and was built in 2007.
Czech Republic: Schoenherr advises KB SmartSolutions, a.s. on the strategic entry and acquisition of a stake in Platební instituce Roger a.s.
Schoenherr advised KB SmartSolutions, s.r.o. ("KB Smart Solutions"), a subsidiary of Komerční banka, a.s. focusing on collaborating with innovative fintech companies and start-ups, on the strategic entry and acquisition of an almost 25 % share in Platební instituce Roger a.s., which connects investors with companies that suffer from long invoice maturities.
Austria: Schoenherr advises listed AddLife on its acquisition of DACH Medical Group
Schoenherr, together with Advokatfirman Delphi, advised AddLife, a Swedish Medtech company listed on the Nasdaq Nordic Exchange, Stockholm, on the acquisition of all shares in the DACH Medical Group Holding AG. The transaction agreement was signed on 1 October 2020.
Bulgaria: Schoenherr advises Enery on the acquisition and refinancing of the biggest solar park in Bulgaria
Schoenherr led Austrian renewable energy producer Enery to the completion of its acquisition of the largest photovoltaic park in Bulgaria.
Bulgaria: Schoenherr advises United Group on EUR 1.2 bln acquisition of Vivacom
Schoenherr has closed United Group's EUR 1.2 bln acquisition of Vivacom (Bulgarian Telecommunications Company EAD), the largest telecoms operator in Bulgaria. Signed in November 2019, this was the largest deal in Bulgaria in 2019 both in terms of value and size of the assets.
Austria: Schoenherr advises HETA on the sale of HETA Slovenia to MK Group
Schoenherr has advised HETA ASSET RESOLUTION AG ("HETA") on the sale of its direct and indirect shareholdings in the Slovenian subsidiaries HETA Asset Resolution d.o.o., TCK d.o.o., and TCV d.o.o. (together "HETA Slovenia"), and a non-performing loan portfolio consisting of loan receivables against Slovenian resident borrowers ("Loan Portfolio"), to three purchasing entities ultimately belonging to the multi-industry conglomerate, the MK Group.
Bulgaria: Covid-19 Crisis: Changes to W&I Insurance in M&A Deals
Article was first published in The Lawyer The New Partners Issue June 2020
Transactions under political scrutiny – A new FDI regime in Austria
Following the adoption of the new EU framework for screening of foreign direct investments (see Schoenherr Newsletter 13.03.2019), the Austrian government recently published a draft bill to amend the current rules on foreign direct investments (FDI) into Austria.
Does endorsement have a service function in relation to share transfer agreements?
22 April 2020
bulgaria croatia czech republic hungary poland romania serbia slovakia turkey bosnia & herzegovina north macedonia montenegro austria
M.Pressler M.Šehović G.Szalóki K.Pawlak P.Kapica C.Tudoraș V.Kobe M.Lučivjanský L.Çelepçi
COVID-19 – Effects on regulatory approvals in financial sector M&A transactions
M&A and corporate transactions (including mere group-internal restructurings) in the financial sector often not only require profound corporate law documentation, but also financial regulatory approvals from the competent authorities/regulators.
CEE: Schoenherr wins four Deal of the Year awards from CEE Legal Matters
Schoenherr has won the Deal of the Year Award for Bulgaria, Croatia, Montenegro, and North Macedonia at this year's CEE Deal of the Year Awards organised by the regional legal industry journal CEE Legal Matters.
Das COVID-19-GesG – aktuelles zu Virtuellen Versammlungen im Gesellschaftsrecht und zu elektronischen Notariatsakten
Update 10/04/2020
Der Nationalrat hat unter anderem im Zuge der COVID-19-Gesetzgebung mehrere gesellschaftsrechtliche Maßnahmen im Rahmen eines sog. gesellschaftsrechtlichen COVID-19-Gesetzes (COVID-19-GesG) beschlossen.
The impact of COVID-19 on M&A
The COVID-19 pandemic is expected to impact the process, timeline and documentation of M&A transactions in the turbulent times ahead of us.
01 April 2020
bulgaria serbia slovenia montenegro austria
C.Herbst S.Hödl M.Laković M.Vojnović V.Kobe B.Brežan I.Stoyanov K.Kaloyanova-Toshkova S.Moravčević V.Kurtić
The International Comparative Legal Guide to: Mergers & Acquisitions 2020
The International Comparative Legal Guides provide current and practical comparative legal information on a range of practice areas, following a Q&A format to ensure thorough coverage of each topic within different legal systems worldwide.
Business: suspended and postponed with new emergency legislation, but without actual economic support
Austria: Schoenherr advises Neuraxpharm on the acquisition of Easypharm
Schoenherr advised Neuraxpharm, a portfolio company of Apax partners, on the acquisition of Austrian consumer healthcare company Easypharm OTC GmbH. The deal was closed on 20 January 2020
Moldova: Schoenherr advises Fintur on the divestment of Moldcell to CG Cell Technologies DA
Schoenherr advised Fintur Holdings B.V., wholly-owned by listed Swedish telephone company Telia Company AB, on the divestment of its 100 % holding of Moldcell S.A., to CG Cell Technologies DAC for USD 31.5 million.
Schoenherr advises Kommunalkredit Austria AG on Czech and Slovak acquisition financing to Enery Development
Schoenherr advised Kommunalkredit Austria AG as arranger and original lender, on the Czech and Slovak acquisition financing provided to Enery Development for the acquisition of six 21 MW solar power plants in the Czech Republic and two 4 MW solar power plants in the Slovak Republic, from Czech fund Green Horizon Renewables.
Austria/Czech Republic/Hungary: Schoenherr advises Covivio on the purchase of luxury hotels
Schoenherr, in close cooperation with BonelliErede, advised Covivio, a European real estate operator, on its acquisition of eight luxury hotels from Värde Partners, a leading global alternative investment firm, at the agreed amount of EUR 573 million.
12 February 2020
A.Popp G.Petric P.Halwa K.Pawlak V.Čížek S.Hekelová V.Weiss H.Wollmann P.Feyl
Austria/CEE: Schoenherr advises UNIQA on the acquisition of AXA subsidiaries in Czech Republic, Poland and Slovakia for EUR 1bln
Once again, Schoenherr has advised on a billion-euro transaction in the CEE region: An international Schoenherr team assisted UNIQA on the acquisition of AXA subsidiaries in the Czech Republic, Poland and Slovakia for a purchase price of around EUR 1bln.
Building certification for hotel projects: focus of Schoenherr, GBI, and Christie & Co New Year's reception
Am 15. Jänner fand der gemeinsame Neujahrsempfang von Schönherr Rechtsanwälte, GBI-Projektentwicklungs Ges.m.b.H. und Christie & Co statt. Im Zentrum des gemeinsamen Abends standen die Themen Hotelprojektentwicklung und Gebäudezertifizierung.
Not every corporate story ends with "happily ever after"
"Once upon a time" is a promising beginning for any story. Even for corporate ones. But statistics show that unhappy endings are all too common. In Romania, for every four new legal entities incorporated each year, one existing company is wound up.
to the point: Gesellschafts- und Unternehmensrecht | Q4 2019
In unserem "to the point" beleuchten unsere Experten für Sie jedes Quartal die aktuelle österreichische Rechtsprechung im Gesellschafts- und Unternehmensrecht.
Third year in a row: Schoenherr again named Austrian leading M&A Legal Adviser by Mergermarket
On 4 December, Schoenherr received the "Austria M&A Legal Adviser of the Year" award from Mergermarket, a leading independent international M&A intelligence service.
Austria: Schoenherr advises European Investment Bank on EGFF-financing transaction with Bitmovin
Schoenherr, together with law firm Duane Morris LLP, advised the European Investment Bank (EIB) on their EGFF-financing transaction with the Austrian start-up Bitmovin.
Czech Republic: Schoenherr advises Facebook on the acquisition of Czech company Beat Games s.r.o.
Schoenherr advised Facebook, Inc. and Facebook Technologies, LLC on the acquisition of Czech games studio, Beat Games s.r.o., which developed and continues to upgrade the hit virtual reality game Beat Saber as well as other games developed by the company.
The International Comparative Legal Guide to: Foreign Direct Investment Regimes 2020
The International Comparative Legal Guides provide current and practical comparative legal information on a range of practice areas, following a Q&A format to ensure thorough coverage of each topic within different legal systems worldwide.
Schoenherr advises Horizon Capital on its exit from Purcari Wineries, a leading wine producer in CEE
Schoenherr advised Horizon Capital, the management company of Emerging Europe Growth Fund II L.P. ("EEGF II"), on the fund's exit from Purcari Wineries Plc ("Purcari"). EEGF indirectly held a 22.7 % stake in Purcari.
Schoenherr wins two awards from leading financial journal Ziarul Financiar
Schoenherr Romania won two awards at the Business Lawyers' Gala held by the leading local financial journal Ziarul Financiar on 24 September in Bucharest.
Schoenherr advises Greenbridge Partners on the acquisition of the Romanian furniture producer Rus Savitar and its retail arm Casa Rusu
Schoenherr Romania advised Greenbridge Partners on the acquisition of a 75 % stake in Rus Savitar and its retail arm Casa Rusu.
Schoenherr advises Immofinanz on its acquisition of 5 retail shopping parks in Slovenia
Schoenherr Slovenia advised Immofinanz AG on the purchase of a real estate portfolio consisting of five shopping centers ("QCenters") from Centrice Real Estate.
Schoenherr advises Apax Partners on the acquisition of a majority stake in ADCO Group
Schoenherr Czech Republic and Poland acted as a collateral advisor to Apax Partners, the global private equity advisory firm managing Apax Funds ("Apax") on the acquisition of a majority stake in the ADCO Group, the global market leader in the mobile sanitary unit sector.
Czech Republic: Schoenherr advises Bausparkasse Schwäbisch Hall on the sale of its 45% stake in Českomoravská stavební spořitelna to ČSOB
Schoenherr Czech Republic advised Bausparkasse Schwäbisch Hall ("BSH") on the sale of its 45 % stake in the Czech building savings bank Českomoravská stavební spořitelna, a.s. ("ČMSS"), to the Czech division of the KBC Group Československá obchodní banka, a.s. ("ČSOB") for a purchase price of EUR 240 million. As a result of this transaction, ČSOB became the sole shareholder of ČMSS.
Cu deținătorul afacerii la vedere
First published on profit.ro, 30.07.2019
Interese financiare disimulate, lanțuri de deținere complicate, cu zeci de persoane interpuse, întrebări de tipul „cine se ascunde în spatele companiei X?‟… toate acestea ar trebui să dispară, sau măcar să fie semnificativ reduse, în cel mult un an-un an și jumătate. Cel puțin, așa promit măsurile de transparentizare a structurii acționariatului aduse de Legea nr. 129/2019 pentru prevenirea și combaterea spălării banilor și finanțării terorismului, precum și pentru modificarea și completarea unor acte normative, recent intrată în vigoare.
Austria: Schoenherr advises SynerGIS on the sale of its GIS and FM software development business to AED-SICAD
Schoenherr has advised the shareholders of the Synergis Informationssysteme GmbH ("SynerGIS") on the sale of its GIS (geographic information systems) and FM (facility management) software development business to AED-SICAD GmbH ("AED-SICAD").
Say on pay and related party transactions: implementation of EU Shareholder Rights Directive II
The EU Shareholder Rights Directive II (2017/828) (SRD II), amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement, must be transposed into national law by 10 June 2019.
Croatia/CEE: Schoenherr advises Tele2 on EUR 220m sale of its Croatian business to United Group
Schoenherr has advised the Swedish telecommunications group Tele2 AB ("Tele2") on the sale of its Croatian business to United Group, a leading telecoms and media provider in South East Europe, for an enterprise value of EUR 220m
Schoenherr represents Austrian Core Shareholders on re-acquisition of majority shareholding in C-Quadrat from HNA Group
Schoenherr has advised and represented an investment company controlled by San Gabriel Privatstiftung and the C-Quadrat management board member Cristobal Mendez de Vigo, on the re-acquisition of a controlling participation in Cubic (London) Limited ("Cubic"), and thus indirectly in C-Quadrat Investment AG ("C-Quadrat"), from HNA Group (International) Asset Management Co., Limited, Hong Kong ("HNA"). The Jebsen Group, an investment company based in Hong Kong, will hold a minority participation.
Czech Republic: Schoenherr advises PORTIVA Private Equity a.s. on the acquisition of a 50% share in EAG SE
Schoenherr Czech Republic advised PORTIVA Private Equity a.s. ("PORTIVA") on the acquisition of a 50% share in EAG SE ("EAG"), which through its subsidiary CARVAGOCOM s.r.o. will operate an innovative platform to be used for buying, selling and renting of cars and other related services.
Austria: Schoenherr advises KTB Investment & Securities and KTB Asset Management on the acquisition of the T-Center
Schoenherr has advised South Korean investment fund KTB Investment & Securities and KTB Asset Management on the indirect acquisition of the T-Center, one of the largest and most famous office buildings in Vienna, from GENO Saturn Tower/T-Center Immobilienbeteiligungsholding GmbH & Co.OG and BEGO - ZWP GmbH.
Schoenherr wins three CEE Deal of the Year Awards for Austria, Bulgaria and Montenegro from CEE Legal Matters
Schoenherr received the CEE Deal of the Year Award for Austria, Bulgaria and Montenegro from the regional legal industry journal CEE Legal Matters.
Austria/CEE: Schoenherr advises Bain Capital on the sale of a stake in the Wittur Group to the Canadian pension fund PSP Investments
Schoenherr advised Private Equity Group Bain Capital on the sale, by a Bain Capital controlled company, of a 32 percent stake in the Wittur Group to an investment company of the Canadian Public Sector Pension Investment Board (PSP Investments).
Austria: Schoenherr advises UniCredit Bank Austria AG and Erste Bank der oesterreichischen Sparkassen AG on sale of majority stake in ÖHT to OeKB
Schoenherr has advised UniCredit Bank Austria AG and Erste Bank der oesterreichischen Sparkassen AG on the sale of their combined 68.75% stake in Österreichische Hotel- und Tourismusbank Gesellschaft m.b.H (ÖHT) (a specialist bank established in the tourism and leisure industry as a financing and development institution) to Oesterreichische Kontrollbank AG (OeKB).
07 March 2019
bulgaria serbia slovenia montenegro austria
S.Hödl I.Stoyanov K.Kaloyanova-Toshkova S.Moravčević M.Laković M.Vojnović V.Kobe B.Brežan
The International Comparative Legal Guide to: Mergers & Acquisitions 2019
The International Comparative Legal Guides provide current and practical comparative legal information on a range of practice areas, following a Q&A format to ensure thorough coverage of each topic within different legal systems worldwide.
Austria: Schoenherr advises Israeli company Playtika on acquisition of Austrian Mobile Games Developer Supertreat
Schoenherr has advised Playtika Ltd. on the acquisition of Supertreat GmbH, the developer of the mobile game "Solitaire – Grand Harvest" ("Solitare – Goldene Ernte").
Slovenia: Schoenherr advises Group Salins on the acquisition of Soltis
Schoenherr Slovenia has advised the French group of companies Groupe Salins ("Salins"), a pan-European salt producer and distributor, on the acquisition of the company Soltis d.o.o. ("Soltis"), a local distributor of salt products
Start-up acquisitions & exits - where expectations meet reality
Start-ups generally
A typical start-up is usually founded by three or four individuals as a limited liability company or a joint stock company focused on IT or online businesses. As the start-up grows, a number of investors (ten or more) come on board (venture capital funds and angel investors) by acquiring convertible loan instruments, newly issued or existing shares. The start-up company is focused on building up and investing in its team of specialists, which is often its main asset. This explains why employee share option plans are so common. Gradually, the client network expands and the brand is established. And then, a strategic company comes along with a lucrative offer to acquire the start-up.
Czech Republic: Schoenherr advises Finnish company Caverion on the disposal of its Czech subsidiary to a company in the ČEZ Group
Schoenherr Czech Republic advised Finnish company Caverion Emerging Markets Oy ("Caverion") on the disposal of its Czech subsidiary Caverion Česká Republika s.r.o. to KART spol. s r.o., a member of the ČEZ Group.
Czech Republic / Slovakia: Schoenherr advises Mast-Jägermeister SE on the acquisition of Rémy Cointreau distribution subsidiaries in the Czech Republic and Slovakia
Schoenherr advised Mast-Jägermeister SE ("Jägermeister") on the acquisition of Rémy Cointreau's distribution subsidiaries in the Czech Republic (Rémy Cointreau Czech Republic s.r.o.) and Slovakia (REMY COINTREAU SLOVAKIA s. r. o.), from their French shareholders Rémy Cointreau S.A. and Rémy Cointreau Services SAS ("Rémy Cointreau"). The deal is subject to regulatory approvals.
Austria: Schoenherr advises Wieland Ventures on acquisition of stake in UrbanGold
Schoenherr has advised Wieland Ventures GmbH (Wieland) on the acquisition of a 22.1 % stake in UrbanGold GmbH (UrbanGold), an innovative start-up that developed a technology to recycle valuable metals from electrical and electronic waste.
Austria: Schoenherr named Austrian M&A Legal Adviser 2018 by Mergermarket
Schoenherr received the "Austria M&A Legal Adviser of the Year" award from Mergermarket, a leading independent international M&A intelligence service. It is the fourth time Schoenherr's performance has been recognised by Mergermarket following top rankings in 2014, 2015 and 2017.
Austria/CEE: Schoenherr advises AddLife on acquisition of Biomedica Group
Schoenherr has advised NASDAQ Stockholm listed AddLife AB (publ) ("AddLife"), on the acquisition of Austrian life sciences company Biomedica Medizinprodukte GmbH ("Biomedica").
Austria/SEE: Schoenherr advises immigon and VR-Leasing on sale of VB-Leasing International
Schoenherr has advised German VR-Leasing AG ("VR-Leasing"), a leasing subsidiary of DZ Bank, and Austrian immigon portfolioabbau ag ("immigon"), the wind down company of the former Österreichische Volksbanken-Aktiengesellschaft, on the sale of VB-Leasing International to a consortium of partners consisting of APS, a leading CEE/SEE distressed debt investment advisor and manager, Nomura, the Asia-headquartered financial services group, and Balbec Capital, a global private investment firm.
CEE: Schoenherr advises on sale of United Group by KKR to BC Partners
Schoenherr has advised on the sale of a majority stake in United Group, the leading media and communication services provider across South East Europe, by KKR to funds advised by BC Partners.
Poland: Schoenherr advises insurer VIG on Atrium Tower acquisition in Warsaw
Schoenherr's real estate team in Warsaw advised VIG Fund, a real estate investment company of Vienna Insurance Group ("VIG") on the acquisition of the Atrium Tower office building in the central business district of the Polish capital. Built in 1997 as one of the first modern office projects, Atrium Tower is a highlight construction in Warsaw's business district.
Schoenherr CEE experts advise Telenor on sale of regional assets to PPF Group
Schoenherr advised Norwegian mobile operator Telenor ASA ("Telenor") on the sale of its Central and Eastern European assets to the CEE private investment firm PPF Group for a consideration of EUR 2.8bln.
Schoenherr advises Union Investment on two real estate acquisitions in Austria's second largest city
Schoenherr has advised the German fund manager Union Investment Real Estate ("Union Investment") on two property acquisitions in Graz this year.
Schoenherr advises NOVOMATIC on sale of majority stake in I-NEW Unified Solutions
Schoenherr has advised NOVOMATIC AG ("NOVOMATIC"), one of the world's largest producers and operators of gaming technologies, on the sale of 76.81 % in I-NEW Unified Mobile Solutions AG ("I-NEW"), a local telecommunications software and hardware firm, to CYAN AG ("CYAN").
Schoenherr advises Endeit Capital in largest Austrian start-up financing round in 2018
Schoenherr is harnessing its start-up and venture capital expertise by advising Dutch capital investment firm Endeit Capital in a EUR 50 million Series C financing round for Austrian tour booking platform TourRadar.
Austria: Schoenherr advises Starwood Capital on the acquisition of a core shareholding of 26% in CA Immo
Schoenherr has advised Starwood Capital Group ("Starwood") on the acquisition of a core shareholding in VSE listed CA Immobilien Anlagen AG ("CA Immo") from VSE listed Immofinanz AG ("Immofinanz").
Schoenherr CEE team awarded for Deal of the Year in Austria
Schoenherr was honoured by the regional legal industry journal CEE Legal Matters with the Austrian award during the inaugural edition of the Deal of the Year Awards Ceremony held on 6 June 2018 in Prague.