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CMS Advises Alder Investment III on Acquisition of Majority Stake in Insort

CMS Advises Alder Investment III on Acquisition of Majority Stake in Insort

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CMS has advised Nordic private equity fund Alder Investment III on the acquisition of a majority stake in Austrian food industry optical sorting company Insort. Herbst Kinsky reportedly advised the sellers.

The Alder Investment III fund focuses on the development of environmentally sustainable companies.

According to CMS, Insort is a maker of high-tech imaging solutions for the food industry, used for the optical sorting of food products. Founded in 2011, Insort GmbH focuses on the development, production, and marketing of digital sorting and control systems based on its "proprietary Chemical Imaging Technology. CIT is a hyperspectral imaging technology designed for maximum performance, which enables the classification of food products based on their chemical composition and is used in-line and in real time." The company currently employs around 60 people at three locations in Austria, the US, and Canada.

The CMS team included Partners Peter Huber, Sibylle Novak, Daniela Kroemer, Marlene Wimmer-Nistelberger, and Dieter Zandler, Senior Associates Marco Selenic, Thomas Aspalter, Jia Schulz-Cao, and Vanessa Horaceck, and Associates Livia Landskron and Shima Babanzadeh.

Editor's Note: After this article was published, Herbst Kinsky confirmed it had advised the shareholders of Insort on the sale of a majority participation to Alder. The firm's team included Partners Christoph Wildmoser and Sonja Hebenstreit, Attorneys-at-Law Alexander Lotz and Christoph Ludvik, and Trainee Attorneys Elisabeth Fitzek and Julia Hubmayer.

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