Schoenherr has advised the Valora Group on Austrian aspects of its acquisition of German-based food service company BackWerk from the Swedish financial investor EQT. The transaction remains subject to the approval of the German Federal Cartel Office.
BackWerk operates a franchise network of over 340 outlets mainly in Germany, Austria and the Netherlands.
According to Schoenherr, "Valora runs a retail network of around 2,500 convenience and food-service outlets at heavily frequented sites in Switzerland, Germany, Austria, Luxembourg, and France. Every day more than one million customers visit these sales outlets and make use of Valora's well-known brands, such as k kiosk, Brezelkonig, Ditsch, Press & Books, avec, Caffe Spettacolo, and ok.-. Valora is also a leader in pretzel production and operates a highly integrated bakery-products value chain. Headquartered in Muttenz, Switzerland, Valora generates external sales in excess of CHF 2.5 billion per year and has more than 4,000 employees. The registered shares of Valora Holding AG (VALN) are traded on the SIX Swiss Exchange."
The Schoenherr team was led by Partner Florian Kusznier and included Partners Hanno Wollmann and Andreas Natterer, Attorneys at Law Julia Wasserburger, Manuel Ritt-Huemer, Dominik Hofmarcher, Veronika Wolfbauer, and Eva Mozina, and Associates Arzu Cakmak, Franziska Oczlon, Natalia Wolfschwenger, Una Campara, Teresa Waidmann, Clemens Gaugusch, and Nives Slemenjak
Schoenherr acted alongside Gleiss Lutz, Stibbe, Bar & Karrer, and Travers Smith.