The Bratislava office of Glatzova & Co, working with lead counsel Hengeler Mueller, has provided legal advice on the Slovak part of the acquisition by Canadian information technology services provider Syntax and private investor Novacap of a stake in IT company Freudenberg.
The deal is valued at over EUR 300 million, and remains subject to standard conditions.
Glatzova & Co. describes the Freudenberg IT Group, which is headquartered in the German city of Weinheim and has affiliates in the US, China, Mexico, and Slovakia, as "the world leader in managed IT services for the medium-term manufacturing industry, including all modern SAP systems."
According to the Glatzova & Co., its work "involved the company's legal audit as well as the preparation and negotiation of transaction documentation." The firm's team was led by Bratislava office head Veronika Pazmanyova.