31
Tue, Dec
0 New Articles

CMS and DLA Piper Advise on Ecosio's Sale to Vertex

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

CMS has advised Ecosio on its sale to Vertex. DLA Piper advised Vertex.

According to CMS, "the acquisition includes an upfront cash payment of USD 69 million as well as a targeted earn-out of USD 76 million in cash and USD 35 million of Vertex shares, based on Ecosio achieving certain financial performance targets over the next three years, subject to adjustments pursuant to the terms of the purchase agreement."

Ecosio is a B2B integration company based in Vienna specializing in electronic data interchange and electronic invoicing.

Vertex is a provider of tax technology software.

The CMS team included Partner Clemens Grossmayer and Attorney at Law Christoph Birner.

The DLA Piper team included Vienna-based Partners Maria Doralt, Sabine Fehringer, and Marc Lager and Senior Associates Daniel Schmidt and Roman Abu Salekh as well as further team members in the USA.

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.