Category: Austria

Wolf Theiss has advised joint lead managers Deutsche Bank, Hypo Noe Landesbank fur Niederoesterreich and Wien, and Raiffeisen Bank International on the Federal State of Lower Austria’s issuance of EUR 500 million sustainable 3.125% bearer bonds 2024-2036. Fellner Wratzfeld & Partner reportedly advised the Federal State of Lower Austria.

According to Wolf Theiss, “the bonds have a maturity of twelve years and were placed with institutional and eligible counterparties with a coupon of 3.125 % per annum.”

The Wolf Theiss team included Partners Claus Schneider and Kurt Retter, Counsels Nikolaus Dinhof-Renezeder and Eva Stadler, and Senior Associate Sebastian Prakljacic.

Schoenherr has advised Knight Capital on leading a EUR 10 million financing round for Vienna-based company iDWELL that also saw existing investors Flashpoint Venture and Wecken & Cie participate. Schindler reportedly advised iDWELL.

iDWELL is specializing in optimizing property management through artificial intelligence. It currently manages over 1.5 million property units in the DACH region.

Knight Capital is a Netherlands-based investment firm.

According to Schoenherr, the investment will be used to accelerate iDWELL’s growth and further develop its intelligent property management platform.

The Schoenherr team included Partner Thomas Kulnigg, Counsel Karin Pusch, Attorneys at Law Dominik Tyrybon, Clemens Pretscher, Sebastian Mueller, Florian Terharen, Nina Zafoschnig, and Alexander Pabst, and Associate Christina Unterduenhofen.

The Schindler team included Partners Florian Cvak, Philippe Kiehl, and Philipp Spring, Counsels Dominik Stella and Daniel Kropf, Senior Associate Roman Schlemaier, and Mohammed Hemdan.

Brandl Talos has advised shareholders AWS Mittelstandsfonds and founder Walter Nadrag on the sale of a 60% stake in Sico Technology to the Wietersdorfer Group. Bucher & Partner reportedly advised Walter Nadrag as well.

Sico Technology operates in the processing of silicon, quartz, and ceramics for the semiconductor industry.

Wietersdorfer Group is a building materials producer.

According to Brandl Talos, “AWS Mittelstandsfonds, which has supported Sico Technology as a shareholder since 2015, successfully exited its final investment with this sale whereas Walter Nadrag remains invested with a 40% stake.”

The Brandl Talos team included Partners Roman Rericha and Stephan Strass and Associate Daniel Habich.

Nicolas Wolski has become the new Head of Tax at BPV Huegel, taking over from Partner Gerald Schachner.

Wolski has been with BPV Huegel since 2018 and was promoted to Partner in 2021. Before that, he was a Counsel with Willkie Farr & Gallagher between 2016 and 2017, a Counsel with Graf von Westphalen between 2015 and 2016, and a Counsel with Freshfields Bruckhaus Deringer between 2011 and 2015.

According to BPV Huegel, Schachner is leaving the firm after 14 years to set up his own law firm.

“We are looking forward to continuing to work with Nicolas in his new role,” Co-Managing Partner Christoph Nauer. “As Head of Tax, he will lead the further development of the practice group. Our goal is to give it an even stronger international focus. I would also like to thank our Partner and friend Gerald for his significant contribution to the successful development of BPV Huegel’s tax practice.”

“I would like to thank my Partners for their trust,” added Wolski. “It is of course an honour to take over the lead of the practice group from Gerald. It’s unfortunate that he is leaving. We as a team, but also I personally, are very grateful to him for his always respectful and friendly support, especially in my early years at BPV Huegel. I am looking forward to my new role.”

Schoenherr has advised Aventario Group founder and sole owner Markus Kern on the sale of a majority stake in the company to Waldegg Equity Partners. Schindler advised the buyer.

The Aventario Group specializes in transformation and vendor management consulting for large corporations. 

Waldegg Equity Partners is an owner-managed investment company based in Munich that makes long-term investments in medium-sized companies in the German-speaking region. 

According to Schoenherr, the transaction also includes Kern’s reinvestment and the regulation of future cooperation between the parties.

The Schoenherr team included Partner Thomas Kulnigg and Attorney at Law Clemens Pretscher.

The Schindler team included Partners Florian Cvak, Philippe Kiehl, Philipp Spring, and Martin Abram, Counsels Dominik Stella and Daniel Kropf, Senior Associate Roman Schlemaier, and Associate Mohammed Hemdan.

Schoenherr has advised ImWind on the sale of two wind farms and one solar park to Wien Energie. E+H advised Wien Energie.

ImWInd is an Austrian wind and solar power company.

Wien Energie is an energy supplier.

According to Schoenherr, the transaction encompasses plants with a total capacity of 130 megawatts in Lower Austria and Burgenland, producing 280 gigawatt-hours. ImWind will retain technical oversight of the projects, which are set to increase Wien Energie’s wind production by over 50%.

The Schoenherr team included Partners Alexander Popp, Bernd Rajal, and Constantin Benes, Counsel Johannes Frank, Attorneys at Law Alfred Amann, Franziska Oczlon, Maha Zoehrer, and Christoph Jirak, and Associates Frederik Koenigstorfer, Nikolaus Stepan, Alexandra Jelinek, Georg Winkler, Kerstin Stritzke, and Laura Zobernig.

The E+H team included Partners Marco Steiner, Christoph Lejsek, Dieter Thalhammer, and Johannes Feilmair, Attorney at Law William Redl, and Associates Flora Pedit, Gabriel Strasser, Alexandra Stadlober, and Laura Polzhofer.

Schoenherr advises Tupperware Oesterreich on its restructuring proceedings without self-administration.

The Tupperware Group employs 5,450 people across 41 countries and approximately 465,000 independent sales consultants. The company was founded in 1938 by Earl Tupper.

According to Schoenherr, “restructuring proceedings without self-administration were opened over the assets of Tupperware Oesterreich due to the economic situation of its (indirect) parent company Tupperware Brands Corporation and the Tupperware group. Despite extensive restructuring efforts, Tupperware Brands Corporation had to file for Chapter 11 reorganization proceedings in September 2024. Consequently, the Austrian company also had to file for insolvency. Tupperware Oesterreich continues operations in the ongoing restructuring proceedings.”

The Schoenherr team included Partner Miriam Simsa and Associate Christian Cacic.

Schoenherr, working with McDermott Will & Emery and Latham & Watkins, has advised Verdane on its partnership with Cropster. Sole practitioner Robert Benedikt reportedly advised Cropster.

Verdane is a European growth equity investor with over EUR 7.7 billion in assets under management, focusing on technology-driven companies.

Cropster is a developer of a software platform for the coffee industry.

Recently, Schoenherr advised on Verdane’s partnership with Eversports (as reported by CEE Legal Matters on October 18, 2024).

The Schoenherr team included Partner Thomas Kulnigg, Attorney at Law Niklas Kerschbaumer, Associates Dina Mutevelic, Alexander Pabst, Florian Terharen, Clemens Rainer, Yvonne Kraudinger, Teresa Waidmann, Hanna Elisabeth Kirschner, Constantin Maras, Marco Thorbauer, and Stefan Egger. 

CMS has advised the owners of Austrian data and AI service provider Paso Solutions on its sale to Dataciders. Schneeweiss Weixelbaum advised the buyer.

Paso Solutions, headquartered in Hohenzell, develops and implements customer-specific software solutions in data and AI, offering services in data management, data integration, and real-time monitoring. 

The CMS team included Partners Florian Mayer and Lukas Peissl, Senior Associate Thomas Aspalter, and Associates Rebecca Herlitz and Sebastian Aschl.

The Schneeweiss Weixelbaum team included Partners Hermann Schneeweiss and Florian Weixelbaum, Attorney at Law Elisabeth Buchegger, and Paralegal Tobias Wasmeyer.

Dorda, working with Kirkland & Ellis, has advised Verdane on its partnership with Austrian sports platform Eversports. Schoenherr advised Eversports.

Eversports, founded in 2013, is a software-as-a-serbice platform for sports bookings in Europe, offering services from over 4,000 active sports providers to 500,000 monthly active users. 

Verdane is a European growth equity investor with over EUR 7.7 billion in assets under management, focusing on technology-driven companies.

In 2018, Dorda advised on Eversports’ series A financing (as reported by CEE Legal Matters on June 1, 2018).

The Dorda team included Partners Christian Ritschka, Bernhard Rieder, Axel Anderl, Heinrich Kuehnert, and Tibor Varga, Principal Associates Julia Landskron, Georg Durstberger, and Katrin Repic, and Associates Stefanie Dirnbauer, Aleksandra Hubl-Langer, Corina Kruesz, Mirko Marjanovic, and Antonia Stubbe.

The Schoenherr team included Partner Robert Bachner, Attorney at Law Alfred Amann, and Associates Nikolaus Stepan and Georg Winkler.