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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.

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.

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