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Austrian Firms Advise on Sale of Majority Stake in VTU Engineering Group

Austrian Firms Advise on Sale of Majority Stake in VTU Engineering Group

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Eisenberger & Herzog, Schindler Attorneys, and RTPR Allen & Overy have acted as counsels for funds managed by Deutsche Private Equity Management III GmbH in the acquisition of the majority of the shares from Austria's VTU Anlagenplanung & Lieferung GmbH and VTU Engineering Deutschland GmbH. Financial details were not disclosed.

Scherbaum Seebacher advised VTU Holding GmbH, VTU Anlagenplanung & Lieferung GmbH and the shareholders of VTU Anlagenplanung & Lieferung GmbH. Griss & Partners advised BioEnergy International AG, the shareholder holding 25% plus 1 shares in the holding company of VTU Engineering Anlagenplanung & Lieferung and VTU Engineering Deutschland. 

Landesbank Baden-Wurttemberg, Raiffeisenbank Oberosterreich Aktiengesellschaft, and UniCredit Bank Austria AG provided the financing. The banks were advised by Clifford Chance Munich. 

The companies provide plant engineering services to companies in the pharmaceuticals, biotechnology, chemical, metallurgy and oil and gas industries.

The E&H team consisted of Partners Michael Strenitz, Jana Eichmeyer, Marcus Benes, and Helmut Liebel, and Associates Arndt Blaschka, Isolde Klinger, Matthias Eberle, Alexandra Acs, Evelin Herzog, Stefan Jeitler, Jakob Kleinschuster, Christina Frisch, Karoline Maria Hofmann, and Thomas Rainer Schmitt, as well as independent lawyers Laurenz Liedermann and Alexander Brenneis.  

The Schindler Attorneys team responsible for Tax Structuring consisted of Partners Clemens Philipp Schindler and Martin Abram.

Counsel Victor Rusu from RTPR Allen & Overy dealt with due diligence.

Other law firms representing Deutsche Private Equity Management included Ashurst Munchen, Gleiss Lutz, Pollath + Partners, Gutt Olk Feldhaus, and Meyerlustenberger Lachenal.

The Griss & Partner team consisted of Partners Gunter Griss and Christiane Loidl. 

The Scherbaum Seebacherteam included Partner Helmut Schmidt and Lawyer Florian Thelen.