BDK Advokati, Binder Groesswang, and Lakatos Koves & Partners, working with SZA Schilling Zutt & Anschuetz, have advised Turkish investors Baran Celik and Nuvit Gundemir and their families on the sale and purchase agreement with insolvency administrator Jan Markus Plathner to acquire Veritas Group's subsidiaries in Austria, Bosnia and Herzegovina, China, Turkey, and Hungary and three production plants in Germany.
The signing of the asset-deal purchase agreement occurred on December 1, 2022, with insolvency administrator Jan Markus Plathner of Brinkmann & Partner acting as the seller. "The acquisition includes the Austrian subsidiary of the Veritas Group, three German plants in Gelnhausen, Polenz, and Neustadt, as well as all subsidiaries located in Bosnia, China, Turkey, and Hungary," Binder Groesswang informed.
The Veritas Group is a Germany-based insolvent automotive and industrial supplier.
The Binder Groesswang team included Partner Philipp Kapl, Senior Associates Mona Holzgruber and Regina Kroell, and Associate Florian Hoellebauer.
The LKT team was led by Partner Adam Mattyus and included Senior Lawyer Kornel Dirner and Lawyer Viktoria Tamas.