20
Sat, Apr
44 New Articles

Binder Groesswang, Schoenherr, and CMS Advise on Wiesenthal's Sale of Wiesenthal & Co and Wiesenthal Handel und Service to Swiss Mercedes Benz Automobil

Binder Groesswang, Schoenherr, and CMS Advise on Wiesenthal's Sale of Wiesenthal & Co and Wiesenthal Handel und Service to Swiss Mercedes Benz Automobil

Austria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Binder Groesswang and Schoenherr have advised Austria's Wiesenthal AG and Wiesenthal Holding on the sale of Wiesenthal & Co GmbH, including Wiesenthal Handel und Service GmbH, to Switzerland's Mercedes Benz Automobil AG. Switzerland's Frotz Riedl law firm and CMS Vienna advised the buyers on the transaction, which is expected to close in June 2020. Financial details were not disclosed.

Wiesenthal AG is an Austrian family-owned car trading company that specializes in the sale and after-sales support of new and used cars and vans as an authorized sales and service partner for the Mercedes-Benz, Smart, and Mercedes-AMG brands. 

CMS describes Mercedes Benz Automobil AG as the "Swiss market leader in Mercedes-Benz retail," and reports that the company is "adopting all 538 employees and successfully continuing its international expansion policy with this purchase."

The Binder Groesswang team was led by Managing Partner Michael Kutschera and included Partner Markus Uitz, Senior Associates Philipp Kapl and Christoph Baumgartner, and Associate Alexander Scharkosi.

The Schoenherr team was led by Partner Robert Bachner.

The Frotz Riedl team was led by Partner Georg Riedl.

The CMS Vienna team included Partners Alexander Rakosi, Johannes Hysek, Jens Winter, Robert Keisler, Dieter Zandler, and Stefan Brunnschweiler, Attorney at Law Mariella Kapoun, and Associates Marie-Christine Lidl, Dominik Stella, and Vanessa Horacek.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.