Schoenherr Advises Coeo Inkasso on Acquisition of KNP Financial Services

Schoenherr Advises Coeo Inkasso on Acquisition of KNP Financial Services

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Schoenherr has advised Coeo Inkasso GmbH on its June 17, 2019 acquisition of 100% of the shares of KNP Financial Services GmbH from founders Anton Moser and Wolfgang Hetlinger, who were reportedly advised by Hasch & Partner.

Closing is subject to various conditions, including merger control clearance by the Austrian Federal Competition Authority.

Founded in 2011, KNP provides debt collection management, outsourcing of debt collection management, and financial and solvency reports services to its customers. 

According to Schoenherr, "Coeo Inkasso stands for receivables management with a focus on its customers' business and organizational requirements. The company was established in 2010 and took over the operations of debt collection service provider Forum Inkasso GmbH in 2011. In 2012, the company acquired the business operations of Acoreus Collection Services GmbH." 

Coeo Inkasso is a Waterland portfolio company. Waterland is an independent private equity investment firm that supports companies in realizing their growth ambitions and has offices in the Netherlands, Belgium, Germany, Poland, the UK, and Denmark. 

The Schoenherr team was led by Partner Florian Kusznier and consisted of Partner Ursula Rath, Gunther Leissler, and Hanno Wollmann, Counsel Stefanie Stegbauer, Attorneys-at-Law Gregor Petric, Matthias Pressler, and Teresa Waidmann, and Associates Maximilian Nutz, Martin Brandauer, Michael Schmiedinger, and Nicolaus Neumann.

Editor's Note: After this article was published, Hasch & Partner confirmed its involvement in the deal. The firm's team consisted of Partner Franz Guggenberger and Attorney-at-Law Christian Hafner.