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Binder Groesswang and DLA Piper Advise on Lafayette Mittelstand Capital's Acquisition of Elevator Cable Business

Binder Groesswang and DLA Piper Advise on Lafayette Mittelstand Capital's Acquisition of Elevator Cable Business

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Binder Groesswang has advised Lafayette Mittelstand Capital on its acquisition of the elevator cable business from the Gebauer & Griller Group as part of a carve-out. DLA Piper advised Gebauer & Griller on the deal, which closed in early October.

Binder Groesswang describes Lafayette Mittelstand Capital as "a medium-sized company investor that focuses on targets from the DACH region in carve-out and special situations." According to the firm, "the elevator division acquired includes locations in Austria, Slovakia, and India and employs around 400 people. Under the new name Geba Cables, it will support its global customers in implementing their growth targets in the coming years. The product portfolio ranges from conventional flat cables and designs with integrated data elements to specific solutions with fiber optic cables. In addition, customized just-in-sequence cable harnesses are made available to customers for each elevator system.”

Binder Groesswang’s team included Partner Gottfried Gassner, Attorney Georg Wabl, and Trainees Philipp Martin Schanner and Markus Sacherer.

Roedl & Partner’s team was led by Christoph Hinz.

DLA Piper’s team included Partner Christoph Mager, Counsels Michaela Wernitznig-Kittel and Lothar Farthofer, and Senior Associate Martina Peric.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.