CMS has advised Viennese car park operator Best In Parking on its launch of a debt issuance program of EUR 175 million through its finance company.
According to CMS, ”Best In Parking Holding AG brings 40 years of experience in the professional creation and management of parking space.” The company has a total of 139 locations in Austria, Italy, Croatia, Switzerland, and Slovakia, and 63,411 parking spaces on-and-off street.
The CMS team assisted Best In Parking with due diligence in Austria, Italy, Croatia, and Slovakia in preparing the prospectus, and supported Best in Parking during the prospectus approval process with the Luxembourg regulator and during negotiations with the banks. Lead Partner Martin Zuffer was supported by Vienna-based Attorney-at-Law Philipp Mark and Associate Luciano Duque-Cordero, as well as Partners Sibylle Novak, Peter Simo, and Sandra Lisac, Attorney-at-Law Andreas Goller, Senior Lawyer Helmut Bruckner, and Associate Mariella Kapoun.
Editor's Note: After this article was published CEE Legal Matters was informed that Wolf Theiss had advised Raiffeisen Bank International AG and Erste Bank on the deal. The Wolf Theiss team was led by Partner Alex Haas and included Associate Nikolaus Dinhof.