Austria: Schoenherr advises coeo Inkasso on the acquisition of KNP Financial Services

04 July 2019 | austria

Schoenherr has advised coeo Inkasso GmbH, a Waterland portfolio company, on the acquisition of 100 % of the shares of KNP Financial Services GmbH, Vienna, from its founders Anton Moser and Wolfgang Hetlinger. Signing occurred on 17 June 2019, completion of the transaction is subject to customary conditions, including merger control clearance by the Austrian Federal Competition Authority.

Founded in 2011, KNP is a specialist for effective and innovative debt collection management. KNP provides debt collection management, outsourcing of debt collection management and financial and solvency reports services to its customers. coeo Inkasso stands for state-of-the-art receivables management with a comprehensive focus on its customers' business and organisational requirements. The company was established in 2010 and took over the operations of debt collection service provider Forum Inkasso GmbH in 2011. In 2012, the company acquired the business operations of acoreus Collection Services GmbH. coeo Inkasso currently employs around 250 employees and assumes responsibility for some 1,100,000 new receivables each year.

Waterland is an independent private equity investment firm that supports companies in realising their growth ambitions. With substantial financial resources and industry expertise, Waterland enables its portfolio companies to achieve accelerated growth both organically and through acquisitions. Waterland has offices in the Netherlands, Belgium, Germany, Poland, the UK and Denmark. It currently manages investor commitments of EUR 6 billion. Since it was established in 1999, Waterland has consistently generated an above-average performance with its investments.

The Schoenherr team was led by Florian Kusznier (partner, corporate / m&a) and further comprised Gregor Petric (attorney at law, corporate / m&a), Maximilian Nutz (associate, corporate / m&a), Teresa Waidmann (attorney at law, labour & employment), Martin Brandauer (associate, labour & employment), Ursula Rath (partner, banking, finance & capital markets), Matthias Pressler (attorney at law, banking, finance & capital markets), Michael Schmiedinger (associate, banking, finance & capital markets), Günther Leissler (partner, regulatory) and Nicolaus Neumann (associate, regulatory). Hanno Wollmann (partner, eu & competition) and Stefanie Stegbauer (counsel, eu & competition) lead the merger control workstream.