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Binder Groesswang, Schoenherr, and Fokus Advise on Lucky-Car Acquisition of ATU Auto-Teile-Unger in Austria

Binder Groesswang, Schoenherr, and Fokus Advise on Lucky-Car Acquisition of ATU Auto-Teile-Unger in Austria

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Binder Groesswang has advised Lucky-Car on the acquisition of the Austrian business of ATU Auto-Teile-Unger. Schoenherr and Fokus advised ATU. Bodmann reportedly advised Lucky-Car as well.

Lucky Car has more than 40 branches in Austria and one location in Switzerland, making it the largest independent garage chain in Austria, according to Schoenherr.

ATU Auto-Teile-Unger is a trading company for motor vehicle accessories, car spare parts, tires, and branches with motor vehicle workshops.

According to Binder Groesswang, via the takeover, "24 locations and over 250 jobs can be maintained from ATU. The automotive workshop and specialist retail chain ATU, headquartered in Weiden, Germany, had recently encountered financial difficulties and had been planning to withdraw from the Austrian market for a long time."

The Binder Groesswang team included Partners Philipp Kapl and Georg Wabl and Attorneys at Law Roswitha Seekirchner and Matija Bernat.

The Schoenherr team included Partners Michael Marschall, Marco Thorbauer, and Stefan Kuehteubl, Counsels Peter Madl and Karin Pusch, and Associates Roland Misic and Florian Weisgram.

The Fokus team included Partner Philipp Wetter.

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