Binder Groesswang and Schoenherr have advised Austria's Wiesenthal AG and Wiesenthal Holding on the sale of Wiesenthal & Co GmbH, including Wiesenthal Handel und Service GmbH, to Switzerland's Mercedes Benz Automobil AG. Switzerland's Frotz Riedl law firm and CMS Vienna advised the buyers on the transaction, which is expected to close in June 2020. Financial details were not disclosed.
Wiesenthal AG is an Austrian family-owned car trading company that specializes in the sale and after-sales support of new and used cars and vans as an authorized sales and service partner for the Mercedes-Benz, Smart, and Mercedes-AMG brands.
CMS describes Mercedes Benz Automobil AG as the "Swiss market leader in Mercedes-Benz retail," and reports that the company is "adopting all 538 employees and successfully continuing its international expansion policy with this purchase."
The Binder Groesswang team was led by Managing Partner Michael Kutschera and included Partner Markus Uitz, Senior Associates Philipp Kapl and Christoph Baumgartner, and Associate Alexander Scharkosi.
The Schoenherr team was led by Partner Robert Bachner.
The Frotz Riedl team was led by Partner Georg Riedl.
The CMS Vienna team included Partners Alexander Rakosi, Johannes Hysek, Jens Winter, Robert Keisler, Dieter Zandler, and Stefan Brunnschweiler, Attorney at Law Mariella Kapoun, and Associates Marie-Christine Lidl, Dominik Stella, and Vanessa Horacek.