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Fatur Menard Advises Svetlik Family on Exit from H&R to Spain's Gonvarri

Fatur Menard Advises Svetlik Family on Exit from H&R to Spain's Gonvarri

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Fatur Menard has advised the Svetlik family on the sale of their 42% stake in Hidria owner H&R to Spanish corporation Gonvarri. Cuatrecasas and Schoenherr reportedly advised Gonvarri.

H&R is the parent company of Hidria, a Slovenian car part manufacturer. Hidria primarily produces industrial fans, glow plugs, mechatronics, and aluminum parts for steering systems.

Gonvarri operates in steel and aluminum processing. The company is present in 26 countries in Europe, North and South America, and Asia, employing more than 6,000 people.

According to Fatur Menard, the exit share purchase agreement was for “a 42% stake in H&R. The share purchase agreement was signed on July 19, 2022, and closing took place on January 9, 2023, after obtaining approval from the European Commission and the Slovenian FDI Authority.”

Fatur Menard’s team included Partner Andrej Fatur and Senior Associates Lea Vatovec Miklavcic, Martin Carni, and Rok Reja.

Editor's Note: After this article was published, Schoenherr confirmed it had advised Gonvarri on the acquisition of a stake representing 42% of the voting rights in the company. The firm's team included Partner Bojan Brezan, Attorney at Law Jan Primozic, and Senior Associate Maks David Osojnik.