Schoenherr has advised Erste Group Bank AG on the financing of the leveraged buyout of Austrian sensor technology manufacturer Frauscher Sensortechnik GmbH by New York-based Greenbriar Equity Group LLC. MNKS acted as Luxembourg counsel for Erste Group, and Frauscher Sensortechnik and Greenbriar were advised by Binder Groesswang and Stibbe, respectively.
Schoenherr acted as lead counsel to the agent and original lender Erste Group with respect to the structuring and implementation of the leveraged buyout financing under Austrian law.
Greenbriar is a private equity sponsor focused on investments in the global transportation industry with over USD 2.5 billion of committed capital across three funds.
Frauscher Sensortechnik provides wheel detection systems, axle counters, and tracking solutions based on inductive sensor technology.
The Schoenherr team advising Erste Group consisted of Partner Martin Ebner, Attorney at Law Laurenz Schwitzer, and Associate Martina Hiebl.