Schoenherr has advised Seven Refractories on the EUR 93 million sale of its European, Indian, and US operations to RHI Magnesita. Brandl Talos advised Seven Refractories' founder and CEO Erik Zobec as well as other minority management shareholders. Cerha Hempel and Ulcar & Partnerji, working with Clifford Chance, Khaitan & Khaitan, Legance, Harneys, Eubelius, and Barnes & Thornburg, advised the buyer.
Closing is expected in the second half of 2023, pending regulatory approval.
"With the acquisition of the European, Indian, and US-based operations of Seven Refractories, RHI Magnesita – the leading global supplier of high-grade refractory products – takes a significant step forward in non-basic refractory mixes," Brandl Talos informed.
Seven Refractories is a non-basic monolithic refractory mixes supplier operating in 45 countries.
RHI Magnesita is a global supplier of refractory products, systems, and solutions for high-temperature processes exceeding 1,200 degrees Celsius in a range of industries, including steel, cement, non-ferrous metals, and glass.
The Schoenherr team was led by Partner Markus Piuk and Attorney-at-Law Alfred Amann and included Partner Marco Thorbauer, Attorneys-at-Law Tatiana Iurkovska and Tobias Hayden, and Associate Irina Hanin.
The Brandl Talos team was led by Partner Roman Rericha and Attorney-at-Law Markus Arzt.
The Cerha Hempel team included Managing Partner Albert Birkner, Partner Anna Wolf-Posch, Counsel Michael Mayer, Senior Associate Martin Eichinger, and Associates Jakob Weber, Liliana Niederhauser, and Zakar Stepanyan.
The Ulcar & Partnerji team included Managing Partner Matjaz Ulcar and Partner Barbara Ulcar.
RHI Magnesita's in-house team included General Counsel Ticiana Kobel, Head of M&A Simon Kuchelbacher, and Senior Managers Anna Moroz, Michael Schustereder, and Laura Laubichler.