Wolf Theiss and Norton Rose Fulbright have advised Canadian Tire Corporation Limited on its CAD 985 million acquisition of a majority stake in Norwegian sportswear and workwear brand Helly Hansen from the Ontario Teachers’ Pension Plan. Kirkland & Ellis advised the Ontario Teachers’ Pension Plan on the sale.
Wolf Theiss, working with Italian offices of Dentons, has advised the shareholders of Lifebrain, an Italian laboratory diagnostics services operator, on the cross-border sale of its shares to an investment subsidiary of Investindustrial VI L.P. Investindustria, which was advised by Italy's Chiomenti law firm, with CHSH acting as local counsel for Austria, now owns 96% of Lifebrain.
A virtual showdown between German and Austrian insolvency administrators on where the COMI (center of main interests) of Austrian AIR BERLIN subsidiary NIKI was located came to a pragmatic end in January 2018. When it became clear a deal for the sale of NIKI`s assets out of the Austrian process had the support of creditors, the German official dropped his challenge to the competing proceedings in Vienna. The debate around the location of COMI is as relevant now as it has ever been before.
Wolf Theiss has advised Raiffeisen-Landesbank Steiermark AG on the issuance of EUR 500 million Mortgage Backed Bonds under its Bonds and Certificates offering program. The Joint Lead Managers were DZ BANK AG, Deutsche Zentral-Genossenschaftsbank Frankfurt am Main, Erste Group Bank AG, Landesbank Baden-Wurttemberg, Raiffeisen Bank International AG, and UniCredit Bank AGm and were advised by Weber Rechtsanwalte.
WMWP Act Legal has advised aws Gruenderfonds in the course of Series A financing for Adverity — an Austrian company that specializes in integration and analysis of marketing data. Mangrove Capital Partners, which was involved as a lead investor, was advised by Herbst Kinsky. Freimuller Obereder Pilz served as legal consultant to Adverity in the deal.
The European Commission has just published its comprehensive proposal for the so-called "New Deal for Consumers", which aims to strengthen EU consumer rights and enforcement. This includes the proposal for a new Directive enabling certain qualified entities to seek redress on behalf of consumers who have been harmed by an unlawful commercial practice.