Hule Bachmayr-Heyda Nordberg has advised Dr. Rinner & Partner on its sale to Assepro Austria. Binder Groesswang reportedly advised Assepro.
Wolf Theiss Advises on EUR 2 Billion Financing for Benteler Group
Wolf Theiss, working with Milbank, has advised the initial purchasers and lenders on Salzburg-based Benteler Group’s capital market debut issuance and loans amounting to over EUR 2 billion.
Graf Patsch Taucher Advises EFESO on Acquisition of Stake in Tsetinis Consulting
Graf Patsch Taucher, working with Bird & Bird, has advised EFESO Management Consultants on the acquisition of shares in Tsetinis Consulting. KPMG Legal Germany reportedly advised the sellers.
Capital Markets in Austria
Contributed by Schoenherr.
Commission Proposes New Directive to Step Up Fight Against Corruption
While allegations of corruption continue to make headlines in Austria, the Ministry of Justice responded in January with draft legislation on the Corruption Law Amendment Act 2023.
Brandl Talos and WMWP Advise on Creandum’s USD 20 Million Investment in Prewave
Brandl Talos has advised Creandum on its USD 20 million investment in Prewave. Act Legal WMWP advised Prewave.
Schoenherr and Freshfields Advise on EUR 1.4 Billion Sale of Cargo-Partner Subsidiaries to Nippon Express
Schoenherr, working with Luther and Hogan Lovells, has advised the Cargo-Partner Group Holding on its EUR 1.4 billion sale of Cargo-Partner GmbH and 60 other subsidiaries to Nippon Express Holdings. Freshfields Bruckhaus Deringer advised the buyer.
Cerha Hempel Advises on Sale of Modul University Vienna
Cerha Hempel has advised majority shareholder Talents Squared Limited on the sale of a 90% stake in Modul University Vienna to a subsidiary of the Hungarian Mathias Corvinus Collegium. Brauneis reportedly advised Modul minority shareholder Wirtschaftskammer Wien. Illes Geza Marton and Graf Isola reportedly advised the Mathias Corvinus Collegium.
Brandl Talos Advises Climentum Capital on EUR 4.5 Million Seed Round for Fermify
Brandl Talos has advised European climate technology-focused fund Climentum Capital on leading a EUR 4.5 million seed investment round for Fermify.
Wolf Theiss Advises Hospitality Software Solutions on Acquisition of SiTec
Wolf Theiss has advised hospitality sector software provider Hospitality Software Solutions on its acquisition of SiTec.
Nicole Daniel Makes Partner at DLA Piper in Vienna
Former Counsel Nicole Daniel has been promoted to a Partner position in DLA Piper's Austrian office.
Wolf Theiss Advises on BehaviorQuant Seed Funding Round
Wolf Theiss has advised financial technology start-up BehaviorQuant Behavioral Finance Technologies and its US and French investors on a seed funding round.
Dorda and NNDKP Advise Cancom on Acquisition of K-Businesscom Group
Dorda and Nestor Nestor Diculescu Kingston Petersen, working with Heuking Kuhn Luer Wojtek’s Munich office, have advised Cancom on the acquisition of K-Businesscom and all its subsidiaries from shareholders Aluk Privatstiftung, Invest Unternehmensbeteiligungs Aktiengesellschaft, Raiffeisen, Franz Semmernegg, and Jochen Borenich. SCWP Schindhelm reportedly advised the sellers.
CMS Advises Best in Parking on Minority Investment by Macquarie Asset Management
CMS has advised Best in Parking and its majority shareholder Breiteneder Immobilien Parking on receiving a minority investment from Macquarie Asset Management. Linklaters advised Macquarie Asset Management.
Schoenherr and Cerha Hempel Advises on Voestalpine EUR 250 Million Convertible Bond Issuance
Schoenherr, working with Linklaters, has advised joint global coordinators and joint bookrunners BNP Paribas and Citigroup Global Markets Europe and joint bookrunner UniCredit Bank on the oversubscribed EUR 250 million issuance of convertible bonds by Voestalpine AG. Cerha Hempel advised Voestalpine.
EU: CJEU Lowers Threshold for GDPR Damages
Last Thursday the Court of Justice of the European Union ("CJEU") issued a long awaited ruling on damages resulting from a data protection infringement (C-300/21). Since the Regulation (EU) 2016/679 (General Data Protection Regulation; "GDPR") came into force on 25 May 2018, claims for damages under Art 82 GDPR due to alleged data protection violations like unlawful data processing or incompliance with the GDPR as well as in the context of data breaches or leaks have been steadily increasing. The CJEU's recent ruling clarifies essential issues but raises just as many questions.
Schoenherr, Brandl Talos, Cerha Hempel, and Ulcar & Partnerji Advise on Sale of Seven Refractories to RHI Magnesita
Schoenherr has advised Seven Refractories on the EUR 93 million sale of its European, Indian, and US operations to RHI Magnesita. Brandl Talos advised Seven Refractories' founder and CEO Erik Zobec as well as other minority management shareholders. Cerha Hempel and Ulcar & Partnerji, working with Clifford Chance, Khaitan & Khaitan, Legance, Harneys, Eubelius, and Barnes & Thornburg, advised the buyer.
Schoenherr Advises Banks on EUR 1.7 Billion Financing for Wiener Stadtwerke
Schoenherr, working with Linklaters, has advised sole coordinator, documentation agent, bookrunner, and mandated lead arranger UniCredit Bank Austria, facility agent ING Bank, bookrunners and mandated lead arrangers Erste Group Bank, Raiffeisenbank International, and Commerzbank, as well as other banks on the EUR 1.7 billion revolving syndicated facility for Wiener Stadtwerke.