CMS Austria has advised Topinstallateur GmbH on the sale of a majority stake in the company to Germany's Auctus investment fund. Auctus was advised by Herbst Kinsky.
Wohanka-Immobilien and the Managing Director of Topinstallateur GmbH, Erich Zwitkowitz, are now minority shareholders.
According to CMS, "Auctus specializes in acquiring equity interests in medium-sized companies and manages a fund capital of more than EUR 500 million. The fund's associated companies achieve an annual turnover of around EUR 1 billion."
"By working with the new partners Auctus and Wohanka-Immobilien," said Managing Director Erich Zwitkowitz, "we can seize the resulting synergy effects and continue the success story of Topinstallateur into the future."
CMS's team included Partner Sibylle Novak and Associate Thomas Aspalter.
Herbst Kinsky's team included Partner Wolfgang Schwackhofer and Senior Associate Alexander Weber.