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Wolf Theiss has advised Eurazeo Patrimoine on its acquisition of 85 hotels (operating under Ibis Budget, Ibis Styles, Mercure, Novotel, and Pulman brands) from AccorHotels and other investors. The sellers were advised by Doralt Seist Csoklich (DSC) on the transaction, which is worth more than half a billion euros. The hotels will join the newly created Grape Hospitality Group, a joint venture between Accor and Eurazeo.

Schoenherr, working alongside lead counsel Gleiss Lutz, has advised the New York private equity fund Lindsay Goldberg on its acquisition of the Schur Flexibles Group from Capiton AG and its management. Kirkland & Ellis advised sellers on the transaction, which remains subject to approval by the antitrust authorities. The purchase price was not disclosed.

Wolf Theiss has advised Eurazeo Patrimoine on its acquisition of 85 hotels under the brands Ibis Budget, Ibis Styles, Mercure, Novotel, and Pulman, from AccorHotels and other investors. The volume of the transaction is more than half a billion euros. In the future, the hotels will join the newly created Grape Hospitality Group, a joint venture between Accor and Eurazeo.

DLA Piper has advised Playtech, the world's largest online gaming software supplier traded on the London Stock Exchange Main Market, on the acquisition of a 90% stake in Best Gaming Technology (BGT), a retail gambling company, for EUR 138 million, from majority shareholder Global Bet Holding GmbH (GBT). The remaining 10% will be retained by Armin Sageder, BGT's founder and CEO.  Austria’s Doralt Seist Csoklich law firm advised Sageder and BGT on the deal. PHH advised GBT on the matter.

An "exciting election” has marked the Austrian market over the last few months, according to Alexander Petsche, Managing Partner of Baker & McKenzie in Vienna. “We had an election of the President of the Federal Republic that was annulled recently by the Constitutional Court due to formalistic misbehavior during the election process,” Petsche explained.

Cerha Hempel Spiegelfeld Hlawati, working in association with Gowling WLG, has advised the Convergys consumer management company on its EUR 123 million acquisition of buw, Germany’s largest service provider in the customer care industry in private ownership. Taylor Wessing advised sellers Karsten Wulf and Jens Bormannon on the deal, which remains contingent on certain adjustments and regulatory approvals.

Baker & McKenzie has advised GFKL Financial Services GmbH on its acquisition of IS Group Management GmbH (trading as IS Inkasso Service), an Austrian market leader in third party collections (3PC) with a strong Swiss business presence, from majority shareholder Hannover Finanz and the IS Group’s management, which remains in place after the sale. Fellner Wratzfeld & Partner advised the sellers on the transaction.

Wolf Theiss has advised Dynacast, a global producer of complex precision parts, on its acquisition of all shares in the Austrian company Schlieper GmbH from Schlieper Private Trust. The closing took place on June 30, 2016.  

Herbst Kinsky has advised investors aws Grunderfonds (Austria), Axel Springer Digital Ventures (Germany), Mairdumont Ventures (Germany), and Russmedia Digital (Austria) on a seven digit financing round for the Viennese start-up Zizooboats GmbH.

Schoenherr has advised and is representing Cubic (London) Limited ("Cubic") on a public takeover for all shares not held by San Gabriel Privatstiftung, T.R. Privatstiftung, or the other core shareholders in C-QUADRAT Investment AG ("C-QUADRAT"), an independent asset management company listed on the Vienna stock exchange.  

Binder Groesswang has advised Volksbanken-Verbund on the sale of start:bausparkasse and IMMO-Bank to BAWAG P.S.K. Group. The transaction is expected to close in the fourth quarter of 2016 and is still subject to customary closing conditions and regulatory approvals. The purchase price was not disclosed. Both companies will be integrated into BAWAG P.S.K. Group and fully consolidated.

Juliana Guaiato Aufschnaiter is a Senior Expert working within the Special Exposures Management team at Raiffeisen Bank International, where she reports to the head of division. Originally from Rio de Janeiro, Brazil, she’s been with RBI for over 10 years now, and she first moved to Vienna in 2004, when she took on her first role within the banking sector with the affiliate of Banco do Brasil in Austria. Earlier experience included working for TNT in Brazil.

The Deal:

On February 18, 2016, CEE Legal Matters reported that DLA Piper Weiss-Tessbach and Baker & McKenzie Diwok Hermann Petsche had advised on Wiener Privatbank’s acquisition of the Austrian business of the private bank Valartis. The transaction was described by DLA Piper Weiss-Tessbach as “the largest banking transaction in Austria in the year 2015.”