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Dorda, CMS, and Allen & Overy Advise DIF Capital Partners on Sale of Stake in PPP-project with Two Hospitals in Vienna

Dorda, CMS, and Allen & Overy Advise DIF Capital Partners on Sale of Stake in PPP-project with Two Hospitals in Vienna

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Dorda, working with lead counsel Allen & Overy, has advised DIF Capital Partners on the sale of its stake in a PPP portfolio including two hospitals in Vienna to Equitix. CMS advised Equitix on the deal, which was announced on April 19 and remains subject to several regulatory and other approvals.

DIF Capital Partners is a global independent fund manager with EUR 8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. It invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas, and Australasia.

According to Dorda, DIF sold its stake in a portfolio of a total of six European PPP assets to Equitix. “The portfolio consisted of shareholdings in a number of critical infrastructure projects that DIF invested into as primary transactions: A1/A6 Road, IJmond Sea Lock and N18 Road in the Netherlands, A7 Nord Road and Netz West Rolling Stock in Germany, as well as the radio-oncology centers at two hospitals in Vienna (Krankenhaus Hietzing and Sozialmedizinisches Zentrum Ost).”

Dorda’s team included Partners Tibor Varga, Martin Brodey, and Bernhard Muller, Senior Associate Patricia Backhausen, and Associates Clemens Semelmayer and Anneliese Keinrath.

The A&O team included Netherlands-based Partner Zeeger de Jongh, UK-based Partner Sara Pickersgill, Germany-based Partner Wolfgang Melzer, UK-based Senior Associate Hugh Hobhouse, Netherlands-based Associates Cees van Ginneken and Mesut Korkmaz, and UK-based Associate Olivia Hardy.

CMS's team was led by London Partner Bill Carr and included CMS Austria Partners Peter Huber, Bernt Elsner, and Marcell Clark, Attorneys at Law Mario Maier and Simon Cook, and Associate Ruth Bittner, as well as lawyers from CMS's offices in the Netherlands, Germany, and the UK.

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.

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