Schoenherr and Pastor & M.Monche Abogados have advised Black Toro Capital, the owner of the Spanish motorcycle manufacturer GasGas, on a joint venture with Austria's KTM Industries AG.
Closing remains contingent on the approval of the antitrust authorities.
According to Schoenherr, Black Toro Capital focuses on investing in existing mid-size companies in Spain, which have the “potential for accelerated growth and development.” This also includes the Spanish motorcycle manufacturer GasGas, known for producing racing machines for use at an “elite level in the trial and enduro segment of motocross."
KTM specializes in the production of premium motorcycles and e-mobility in the sector. According to Schoenherr’s press release, the alliance with KTM aims to further establish GasGas on the international market by developing new models of off-road motorbikes.
As a result of the joint venture, GasGas will be the third brand in the KTM distribution network alongside KTM and Husqvarna. The manufacture of GasGas products and Torrot electric vehicles will continue as part of the joint venture in Girona, Spain.
The Schoenherr team advising Black Toro Capital on Austrian law matters consisted of Partner Sascha Hodl, Counsel Maximilian Lang, and Associate Leon Scheicher.
The Pastor & M.Monche Abogados team advising Black Toro on Spanish matters included Partners Rafael Martinez-Monche Zaragoza and Ignacio Pastor Gimenez-Salinas.