Allen & Overy has advised SGL Carbon SE, a leading global manufacturer of carbon-based products and materials based in Wiesbaden, Germany, on the conclusion of a syndicated revolving credit facility with a syndicate of banks advised by Freshfields. Binder Groesswang advised SGL Carbon on matters of Austrian law, with Burness Paull advising the company in Scotland, Viera de Almeida & Associados in Portugal, and Baker & McKenzie in the United States.
Baker & McKenzie has assisted Amundi Immobilier in obtaining the first license for the marketing of a foreign real estate investment fund to private investors in Austria under the Alternative Investment Funds regime. The OPCIMMO fund, managed by Amundi Immobilier, was introduced in France in 2011. Now, it will be offered to private investors in another country for the first time.
Freshfields Bruckhaus Deringer has advised UBS AG on the combination of most of its European wealth management business into UBS Europe SE, a European company headquartered in Frankfurt am Main. UBS Europe SE was established through the cross-border merger of its Italian, Spanish, Luxembourg, Dutch, and German wealth management activities. With the merger taking effect on December 1, 2016, UBS Deutschland AG as the absorbing entity was converted into an SE.
On November 24, 2017, CEELM reported that Austrian real estate developer WM Group had sold its six retail parks in Slovakia to Immofinanz AG, designed to expand the latter's STOP SHOP brand. Michael Wakolbinger, Managing Director of WM Slovakia, who also acts as a General Counsel to the senior owner of the WM/MID Group, agreed to comment on the sale.
Schoenherr has advised the UNIQA Insurance Group AG ("UNIQA") on the EUR 295 million sale of its Italian insurance company UNIQA Assicurazioni SpA ("UNIQA Assicurazioni") to the Italian mutual insurance company Societa Reale Mutua di Assicurazioni.
Schoenherr has advised Kansai Paint Co Ltd., from Osaka, on the acquisition of the Helios Coatings Group from Ring International Holding AG ("RIH"), GSO Capital Opportunities Fund II (Luxembourg) S.a r.l., and Templeton Strategic Emerging Markets Fund IV, LDC. The sellers were advised by Brandl & Talos.
Herbst Kinsky has advised Miracor Medical Systems GmbH on a series C financing round totaling EUR 7 million. The financing was executed by Peppermint VenturePartners, which invested via Peppermint CBF-1 Fonds (Berlin), together with existing investors aws Grunderfonds, BioMed, Earlybird, Delta, and SHS.
Schoenherr has promoted employment law expert Stefan Kuhteubl to Equity Partner, effective as of February 1, 2017.
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.