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Binder Groesswang, SCWP Schindhelm, and CMS Advise on Semperit’s Acquisition of Rico Group

Binder Groesswang, SCWP Schindhelm, and CMS Advise on Semperit’s Acquisition of Rico Group

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Binder Groesswang has advised Semperit Aktiengesellschaft Holding on its acquisition of the Austrian Rico Group. SCWP Schindhelm advised the seller. CMS advised a consortium of banks led by UniCredit Bank Austria and UniCredit Bank on providing EUR 250 million in financing for Semperit.

"For Semperit, the acquisition represents an expansion in terms of product portfolio, processing technologies, automation, and materials," Binder Groesswang announced. "This acquisition should open up further markets, especially in North America, and generate additional growth."

The Rico Group is a silicone injection molding tools supplier and liquid silicone components producer. The Rico Group includes companies in Austria, Switzerland, and the US.

Publicly listed company Semperit Holding develops and produces polymer products for the industrial and medical sectors, including hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, products for railway superstructures, and examination and surgical gloves.

The Binder Groesswang team was led by Partner Florian Khol and Attorney-at-Law Christoph Schober and included Partners Clemens Willvonseder, Ivo Rungg, Markus Uitz, Regina Kroell, and Christine Dietz, Counsels Hellmut Buchroithner and Alexander Kramer, Attorney-at-Law Felix Fuith, Associates Christopher Marchel, Sung-Hyek Hong, Larissa Wagner, Florian Defrancesco, David Schneebauer, Lisa Jost, Magdalena Schachinger, Raphael Dorda, and Stefanie Syrch, and Lawyers Florian Gruber, David Roetzer, Sabine Apfl-Trompeter, and Christoph Raab.

The SCWP Schindhelm team included Partner Gerald Schmidsberger and Lawyer Bernhard Gonaus.

The CMS team was led by Partner Stefan Paulmayer and included Attorney-at-Law Wolfgang Hellsberg and Associates Ramona Mujanovic and Mark Timar.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.