CMS has advised Synergie International Employment Solutions SL, one of the largest personnel services providers in Europe, on its acquisition of an 80% stake in the Austrian company Volker GmbH Personalbereitstellung. The transaction remains subject to approval by the competition authorities.
According to CMS, "Synergie SL is part of the Synergie Group, which has been active in the recruitment industry since 1969. The group operates more than 600 branches in 16 countries with over 3,000 employees. By acquiring a stake in Volker GmbH Personalbereitstellung, Synergie will enter the rapidly growing Austrian market." In addition, according to CMS, "Volker GmbH is a temporary employment agency based in Austria. The company was founded in 2005 and can place a workforce of 1,500 people in 15 locations throughout the country."
CMS's multi-jurisdictional team was led by Vienna-based Partner Sibylle Novak and Berlin-based Partner Gerd Leutner. The Vienna team included Partner Dieter Zandler, Attorney-at-Law Oliver Werner and Ursula Roberts, and Associate Eva-Maria Vogerl. The firm's team in Berlin included Associate Johannes Steinacher and Paralegal Anne Neumann. Madrid-based CMS Counsel Rafael Sanchez Jimenez.
Editor's Note: After this article was published CMS informed CEE Legal Matters that the sellers on the deal had been advised by an Eisenberger Herzog team led by Partner Marco Steiner and an SRG Stock Rafaseder Gruszkiewicz team led by Partner Jan Gruszkiewicz.