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.
Dorda worked alongside lead counsel Latham & Watkins in advising Swiss private equity investor Capvis on its acquisition of a majority stake in the Amann Girrbach-Group. Baker McKenzie advised the seller, investment company TA Associates. Financial details were not disclosed, and closing remains subject to merger clearance.
Reading newspapers in Austria these days one could get the impression that we are in the middle of a financial crisis. Each week another Austrian company seems to be in financial difficulties – or worse – filing for insolvency. But when taking a closer look at the individual insolvency proceedings, things are not as bleak as they seem.