E+H has advised Wienerberger on its acquisition of the Terreal operations in France, Italy, Spain, and the US together with the Creaton business in Germany and Benelux from France's Terreal Group. Latham & Watkins, Advant, Garrigues, Masotti Cassella, Holland & Knight, and Stibbe reportedly advised Wienerberger as well.
The transaction remains contingent on regulatory approval. Wienerberger is an international manufacturer of building materials and infrastructure solutions. The Terreal Group is a France-headquartered provider of roofing and solar solutions.
According to E+H, “the Terreal business to be acquired by Wienerberger is expected to generate revenues of EUR 740 million and run-rate EBITDA of EUR 100 million in the 2022 financial year. The enterprise value of the Terreal businesses concerned is EUR 600 million, subject to customary closing adjustments.”
E+H’s team included Partners Josef Schmidt, Peter Winkler, Dominik Juster, and Philipp Schrader, Attorney at Law Steve Jeitler, and Associates Alina Holzer and Alexander Koschell.
E+H did not respond to our inquiry on the matter.
Editor’s Note: After this article was published, Binder Groesswang announced that it advised Wienerberger on merger control in Austria. The firm’s team included Partner Christine Dietz, Attorney at Law Christoph Raab, and Associate Stefanie Syrch.
Additionally, Wozniak Legal and Radovanovic Stojanovic & Partners also advised Wienerberger on merger control, in Poland and Serbia respectively.
The Radovanovic Stojanovic & Partners team included Partner Anja Tasic, Attorney at Law Zivko Kovacevic, and Associate Irina Petrovic.
Wozniak Legal's team included Partners Grzegorz Wozniak and Grzegorz Dudek and Senior Lawyer Krystyna Siwicka.
On March 1, 2024, Wolf Theiss announced it had worked alongside Weil Gotsthal & Manges to advise the Terreal Group. The Wolf Theiss team included Vienna-based Partners Andrea Gritsch, Claus Schneider, and Zeno Grabmayr, Senior Associate Martina Edlinger, and Associate Klemens Kendler; Warsaw-based Partner Katarzyna Wojcik-Bakowska and Senior Associate Katarzyna Miszkiel; and Budapest-based Partner Janos Toth.
Subsequently, Herbst Kinsky announced it worked with Orrick to advise the Terreal Group and its main shareholders on the antitrust aspects of the sale. The Herbst Kinsky team included Counsel Valerie Mayer and Associate Valerie Krischke. The Orrick team included lawyers in Paris and Duesseldorf.
