Schoenherr Vienna has advised German VR-Leasing AG, a leasing subsidiary of DZ Bank, and Austria's Immigon Portfolioabbau ag, the wind down company of the former Osterreichische Volksbanken-Aktiengesellschaft, on the sale of VB-Leasing International to a consortium of partners consisting of APS, Nomura, and Balbec Capital. Graf Patsch Taucher advised the consortium on the acquisition.
APS is a CEE and SEE distressed debt investment advisor and manager. Nomura is the Asia-headquartered financial services group, and Balbec Capital is a global private investment firm.
The transaction consisted of the sale of VB-Leasing International Holding, a holding company headquartered in Vienna, together with its operational subsidiaries in Croatia, Serbia, Bosnia and Herzegovina, and Slovenia.
"This transaction forms the final step in the sale of the VB-Leasing International operations in Central and South-eastern Europe," said Schoenherr Partner Sascha Hodl, who led the firm's team on the deal Schoenherr previously advised Immigon and VR-Leasing on the sales of VB-Leasing operations in Poland and Romania to Getin Holding S.A. as reported by CEE Legal Matters on May 14, 2014, in the Czech Republic to GE Money Bank A.S., and in Slovakia to CSOB Leasing, a.s.
The Schoenherr team also included Vienna-based Partner Thomas Kulnigg and Associate Christopher Junger and Belgrade-based Attorney at Law Vojimir Kurtic.
The Graf Patsch Taucher team was led by Partners Wolfgang Graf and included Partner Bernd Taucher and Associates Teresa Bernhart and Andrea Posch.