Schoenherr, working with Kirkland & Ellis, has advised EQT VI Limited on the sale of Automic Software GmbH to NASDAQ-listed CA Technologies Inc. at an enterprise valuation of EUR 600 million. Freshfields advised CA Technologies on the transaction, which remains subject to customary anti-trust clearance. The transaction is expected to close in the first quarter of 2017.
Wolf Theiss is advising Harvia Group Oy in its acquisition of Sentiotec, the sauna and wellness division of the Abatec Group. The Hitzenberger law firm advised the sellers. The signing took place on November 4, 2016.
Schoenherr has advised Immofinanz AG on the expansion of its STOP SHOP retail park portfolio in Slovakia through the acquisition of six shopping centers from the Austrian WM Group, which was represented by CHSH in Austria and by bpv Braun Partners in Slovakia. The financial terms of the transaction were not disclosed. The framework purchase agreement was signed on October 28, 2016, with closing of the transaction expected in the first quarter of 2017.
The majority of internationally assigned employees coming to Austria need to go through a formal and cumbersome immigration/registration process, which only short trips for internal meetings which are not project- or client-related, entail no service delivery, and last no longer than five days do not entail.
PHH Rechtsanwalte, working with firms in Italy and Luxembourg, has advised VTB Bank (Austria) AG on a refinancing transaction for Villa Eden Gardone Srl, a SIGNA group company which has developed a luxury resort at Lake Garda with a five star club house, a landmark building, and seven luxury villas. SIGNA was advised by Arnold Rechtsanwalte, also working with Italian and Luxembourgish firms.
Herbst Kinsky has advised AMS International AG, a worldwide manufacturer of high performance sensor and analog solutions, on the sale of NFC and RFID reader IP technologies and product lines to STMicroelectronics International N.V. by means of an asset deal. The transaction closed at the end of July 2016. The purchase price was USD 79.3 million (EUR 71.5 million) in cash, plus a substantial deferred earn-out consideration contingent on future results of up to USD 37 million.
Allen & Overy has advised Oesterreichische Kontrollbank on its public offering of USD 600 million of Floating Rate Guaranteed Global Notes due 2019. The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange. Davis Polk advised the banks — Goldman Sachs International and HSBC Bank plc. — on the deal.
CHSH has advised Universal-Investment on its acquisition of the micro apartment real estate asset "Linked Living," located in close proximity to the campus of the Vienna University of Economics and Business, from Corestate for a special fund launched on the Luxembourg AIF platform of Universal-Investment. The transaction was structured as a share deal.
Schoenherr has advised Italian private equity firm Quadrivio SGR S.p.A. on the Hungarian and Slovakian legal aspects of the acquisition of a 70% stake in Farmol S.p.A., and its Hungarian subsidiary Farmol Hungary Kft, from Old Mill Holding S.p.A., an Italian investment holding company. The consideration was not disclosed, and the founders and management team of Farmol will retain the remaining 30% equity stake. The closing of the transaction was announced on October 21, 2016.
Wolf Theiss has advised the China Electronics Technology Group Corporation (CETC), working in collaboration with two other partners from China, on the establishment of its European headquarters in Graz, Austria. The deal to purchase a production site and office building from the Steinklauber Group was signed recently, with Economic Minister of Styria Christian Buchmann and a high-ranking delegation from China in attendance.
Herbst Kinsky, working alongside Switzerland's Schellenberg Wittmer and Singapore's WongPartnership firms, has advised AMS AG – a leading worldwide manufacturer of high performance sensor and analog solutions – on the acquisition of Heptagon Advanced Micro-Optics. The unnamed sellers – including a group of private investors (both PE and Venture Capital funds) and management and employees of Heptagon – were represented by Wolf Theiss
Schoenherr and Latham & Watkins have advised HanseMerkur Grundvermogen AG ("HMG") on the acquisition of a EUR 331 million portfolio of commercial properties for its HMG Grundwerte Chancen real estate property fund from Conwert Immobilien Invest SE ("Conwert"). Conwert was advised by GSK Stockmann in Munich and bpv Hugel in Vienna. The purchase agreement was announced on November 2, 2016 and the transaction is expected to close by the end of the year following approval from the competition authorities.
Dorda Brugger Jordis has advised Petrus Advisers on the sale of approximately five million shares in Conwert to German-listed property company Adler Real Estate, which as a result increased its stake in the company to more than 25%. Adler was advised in Austria by DLA Piper and in Germany by Norton Rose Fulbright on the transaction, which was valued at approximately EUR 70 million.
Schoenherr has announced that Partner Andreas Natterer has been elected President of the European Food Law Association.