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Binder Groesswang, SCWP Schindhelm, and CMS Advise on Semperit’s Acquisition of Rico Group

Binder Groesswang, SCWP Schindhelm, and CMS Advise on Semperit’s Acquisition of Rico Group

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Binder Groesswang has advised Semperit Aktiengesellschaft Holding on its acquisition of the Austrian Rico Group. SCWP Schindhelm advised the seller. CMS advised a consortium of banks led by UniCredit Bank Austria and UniCredit Bank on providing EUR 250 million in financing for Semperit.

"For Semperit, the acquisition represents an expansion in terms of product portfolio, processing technologies, automation, and materials," Binder Groesswang announced. "This acquisition should open up further markets, especially in North America, and generate additional growth."

The Rico Group is a silicone injection molding tools supplier and liquid silicone components producer. The Rico Group includes companies in Austria, Switzerland, and the US.

Publicly listed company Semperit Holding develops and produces polymer products for the industrial and medical sectors, including hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, products for railway superstructures, and examination and surgical gloves.

The Binder Groesswang team was led by Partner Florian Khol and Attorney-at-Law Christoph Schober and included Partners Clemens Willvonseder, Ivo Rungg, Markus Uitz, Regina Kroell, and Christine Dietz, Counsels Hellmut Buchroithner and Alexander Kramer, Attorney-at-Law Felix Fuith, Associates Christopher Marchel, Sung-Hyek Hong, Larissa Wagner, Florian Defrancesco, David Schneebauer, Lisa Jost, Magdalena Schachinger, Raphael Dorda, and Stefanie Syrch, and Lawyers Florian Gruber, David Roetzer, Sabine Apfl-Trompeter, and Christoph Raab.

The SCWP Schindhelm team included Partner Gerald Schmidsberger and Lawyer Bernhard Gonaus.

The CMS team was led by Partner Stefan Paulmayer and included Attorney-at-Law Wolfgang Hellsberg and Associates Ramona Mujanovic and Mark Timar.

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