Allen & Overy advised Oesterreichische Kontrollbank on legal aspects of its public offering of USD 1.5 billion of 1.750% Guaranteed Global Notes due 2020.
CHSH Cerha Hempel Spiegelfeld Hlawati Rechtsanwalte has assisted Teufelberger Wirerope GmbH, an international metal wire ropes producer based in Austria, in the acquisition of Italian-based Redaelli Tecna S.p.A., a designer and manufacturer of steel wire ropes for off-shore and on-shore oil activities, mining, cableways, material transportation, and hoisting, and a developer and producer of engineering systems for the tenso structures, from JSC Severstal-Metiz, a company owned by the PAO Severstal steel and steel-related mining group. The transaction is expected to close in spring 2017.
CHSH has advised Immofinanz AG on its January 12, 2017 invitation to the holders of its EUR 515.1 million 4.25% senior unsecured convertible bonds due 2018 to convert their outstanding bonds into ordinary Immofinanz shares and ordinary BUWOG shares or to accept payment of a corresponding cash settlement in exchange for their BUWOG shares. This conversion offer was limited to 45% of the nominal amount of outstanding bonds and was not addressed to retail investors.
Schoenherr has promoted Austrian restructuring law expert Miriam Simsa to Contract Partner, effective as of February 1, 2017.
Dorda has advised the Czech SAZKA Group in increasing its indirect stake in Casinos Austria AG to 34% by its acquisition of the shares of UNIQA Beteiligungs-Holding GmbH and Leipnik-Lundenburger Invest Beteiligungs AG in Medial Beteiligungs GmbH. The transaction is subject to Austrian antimonopoly and international gaming approvals and will be completed as soon as such approvals are obtained. UNIQA was advised by Schoenherr on the deal, and LLI was advised by Wolf Theiss.
Partos & Noblet, the associated Budapest office of Hogan Lovells, working with Grama Schwaighofer Vondrak Rechtsanwalte in Austria and Rowan Legal in Slovakia, has advised South Africa's JSE-listed Accelerate Property Fund on the acquisition and financing of a portfolio of nine retail warehouse properties tenanted by OBI subsidiaries from the Supernova Privatstiftung group. Supernova was advised by Dorda with Slovak law advice provided by Cechova & Partners.
Wolf Theiss has provided Austrian assistance to Gleiss Lutz, lead counsel to Enterex International Limited, a Taiwan listed company, on its takeover of the AVA Group from Haugg-Kuhlerfabrik GmbH.
CHSH has announced the January 1, 2017 launch of its new Real Estate & Construction department.According to CHSH, "the department's primary focus is on national and international construction projects and real estate transactions, project development, rental and lease agreements, real estate disputes, claims management and construction litigation."
DLA Piper has advised UniCredit Business Integrated Solutions (UBIS) on the sale of its card processing activities to the Italian technology company SIA group. The purchase price amounted to EUR 500 million. CHSH reportedly advised the SIA group in Austria on the deal.
Compared to its popularity in Anglo-American countries, crowd investing – which enables broad groups of investors to fund start-up companies and small businesses in return for equity – is still very young in Europe. If a crowd-invested business succeeds, then its value increases, as does the value of a share in that business. Neither banks, venture capitalists, angel investors, or other resources can fill the financing needs of start-up companies. Crowd investing can help to bridge this substantial financing gap.
Allen & Overy has advised SGL Carbon SE, a leading global manufacturer of carbon-based products and materials based in Wiesbaden, Germany, on the conclusion of a syndicated revolving credit facility with a syndicate of banks advised by Freshfields. Binder Groesswang advised SGL Carbon on matters of Austrian law, with Burness Paull advising the company in Scotland, Viera de Almeida & Associados in Portugal, and Baker & McKenzie in the United States.
Baker & McKenzie has assisted Amundi Immobilier in obtaining the first license for the marketing of a foreign real estate investment fund to private investors in Austria under the Alternative Investment Funds regime. The OPCIMMO fund, managed by Amundi Immobilier, was introduced in France in 2011. Now, it will be offered to private investors in another country for the first time.