Category: Austria

  • Wolf Theiss and CMS Advise on Erste Group Bank’s EUR 750 Million Notes Issuance

    Wolf Theiss has advised Erste Group Bank on the successful issuance of EUR 750 million fixed to floating rate green preferred senior notes due 2033. CMS, working with Linklaters, advised the international banking syndicate working on the issuance including Danske Bank, Erste Group, Landesbank Baden-Wuerttemberg, Landesbank Hessen-Thueringen, Societe Generale, and TD Global Finance.

    According to Wolf Theiss, “the notes have a maturity of eight years and were placed with institutional investors and eligible counterparties, offering an initial coupon of 3.25% per annum. They are listed on the Official Market of the Vienna Stock Exchange.”

    The Wolf Theiss team included Partner Claus Schneider, Counsel Eva Stadler, Senior Associate Sebastian Prakljacic, Associates Rainer Holweg and Magdalena Bertsch, and Legal Trainee Negar Hashemi.

    The CMS team included Partner Walter Gapp and Associate Lucas Dummer.

  • Freshfields Advises RELX on Divestment of Austrian Exhibition Business

    Freshfields has advised RELX Group on its exit from Austria’s exhibition market to Messezentrum Salzburg, WSE Wiener Standortentwicklung, and Mac. Brand Spaces.

    According to Freshfields, following an internal review of RX Global’s Austrian activities, three RX entities have been sold off.

    The Freshfields team included Partners Farid Sigari-Majd, Maria Dreher-Lorje, and Katharina Kubik, Counsels Michal Dobrowolski, Felix Neuwirther, and Gernot Fritz, Principal Associates Leonhard Prasser, Benedikt Sprinzl, Anna Binder-Gutwinski, and Christoph Wanek, and Associates Martin Zankl, Lisbeth Zimmermann, Daniel Grimmer, Michael Holzmannhofer, Yasemin Hoebek, Elisabeth Pferschy, and Christina Hinterschweiger.

    Freshfields could not provide additional information on the matter.

  • Philipp Pallitsch Joins Dorda as Partner

    Former SHMP Schwartz Huber-Medek Pallitsch Partner Philipp Pallitsch has joined Dorda as Partner alongside his team.

    Pallitsch’s focuses on construction and regional planning as well as public procurement and construction contracts. Before joining Dorda, he was with SHMP Schwartz Huber-Medek Pallitsch between 2010 and 2025 as well as with its legacy firm Schwartz & Huber-Medek between 2006 and 2009. Earlier still he worked at Schoenherr between 2002 and 2005.

    “Dorda offers an excellent environment for the further development of our activities,” stated Pallitsch. “Together with the existing team, we see great potential to advise our clients even better and to develop innovative solutions for the challenges in public commercial law.”

    “We are delighted to welcome Philipp Pallitsch and his team to Dorda,” said Partner Martin Brodey. “As a proven expert in public law, Philipp Pallitsch will enrich our service portfolio immensely.”

  • Schoenherr, Freshfields, and Binder Groesswang Advise on NXP’s Acquisition of TTTech Auto

    Schoenherr, working alongside Skadden, has advised NXP on its acquisition of TTTech Auto. Freshfields Bruckhaus Derringer advised TTTech majority owners Audi, Aptiv, and Infineon on the sale. Binder Groesswang, working with Clifford Chance’s Munich office, advised Aptiv as well.

    The transaction is valued at USD 625 million and remains contingent on regulatory approval.

    NXP operates in automotive processing and networking.

    TTTech Auto is a Vienna-based automotive software solutions company.

    According to Schoenherr, “NXP intends to integrate TTTech Auto’s management team, intellectual property, assets, and approximately 1,100 engineering staff into its automotive portfolio. Under the NXP brand, TTTech Auto will continue to serve existing customers and further expand its global footprint. TTTech’s systems, safety, and security software solutions complement NXP’s CoreRide platform, which enables automakers to maximize and simplify system performance and shorten time to market.”

    The Schoenherr team included Partners Sascha Hoedl, Teresa Waidmann, Marco Thorbauer, Luka Lopicic, and Andrea Radonjanin, Counsel Stephan Roedler, Attorneys at Law Alexander Pabst, Nina Zafoschnig, Marija Vlajkovic, Dina Vlahov Buhin, and Didem Kara, and Associate Markus Fasching.

    The Freshfields team included Vienna-based Partners Ludwig Hartenau, Maria Dreher-Lorje, and Katharina Kubik, Counsel Gernot Fritz, Principal Associates Noel Zamani, Florian Reiter-Werzin, Andreas Langer, Kathrin Wildmoser-Zeller, Leonhard Prasser, and Matthias Hofer, and Associates Martin Zankl, Sabeth Rivero Mendez, Gloria Kremser, Christina Hinterschweiger, Jakob Tschachler, Daniel Grimmer, Rosa Glunz, and Markus Mittendorfer, as well as further team members in London.

    The Binder Groesswang team included Partner Thomas Schirmer, Senior Associate Christoph Schober, and Associate Michael Mittermair.

  • Dorda Advises Evergreen Hill Enterprise on Acquisition of TANN Group from Mayr-Melnhof Karton

    Dorda, working alongside Norton Rose Fulbright, has advised Evergreen Hill Enterprise on its acquisition of the TANN Group from Mayr-Melnhof Karton with an agreed enterprise value of EUR 360 million. Binder Groesswang reportedly advised Mayr-Melnhof Karton.

    Singapore-based Evergreen Hill Enterprise is part of an Indonesian privately held conglomerate active in banking, tobacco, consumer electronics, and other industries.

    The TANN Group, which operates seven production sites across Austria, China, the Philippines, Turkey, Canada, and Germany, specializes in printing and finishing fine paper used to produce tipping paper. With approximately 730 employees, TANN Group generates annual sales of about EUR 220 million. 

    The Dorda team included Partner Christian Ritschka and Principal Associate Ulrich Weinstich.

  • Hule Bachmayr-Heyda Nordberg and Binder Groesswang Advise on Seipt & Partner Versicherungsmakler Sale to Assepro Austria

    Hule Bachmayr-Heyda Nordberg has advised Seipt & Partner Versicherungsmakler owner Benedikt Seipt on the sale of the company to Assepro Austria. Binder Groesswang advised Assepro Austria.

    In 2023, Hule Bachmayr-Heyda Nordberg advised Dr. Rinner & Partner on the sale to Assepro Austria (as reported by CEE Legal Matters on May 23, 2023).

    The Hule Bachmayr-Heyda Nordberg team included Partners Michael Hule and Martin Frenzel.

    The Binder Groesswang team included Partners Andreas Hable, Johannes Barbist, Regina Kroell, and Ivo Rungg, Senior Associates Christoph Raab and Sabine Apfl-Trompeter, Associates Michael Mittermair, Alexandra Praska, Johanna Mueller, Roman Zaufl, Florian Defrancesco, and Inka Essl, and Intern Viktoria Wagensonner.

  • BPV Huegel Advises RWA eGen on EUR 176 Million Acquisition of RWA AG Shares from BayWa AG

    BPV Huegel, working with Frankfurt-based FPS Rechtsanwaelte, has advised RWA eGen on its purchase of an approximately 47.53% stake in RWA AG from BayWa AG. Jones Day’s Munich office reportedly advised BayWa AG.

    The transaction remains contingent on regulatory approval.

    RWA AG is a producer, service provider, and retailer in the fields of agriculture, technology, energy, building materials, and home and garden. 

    According to BPV Huegel, the sale is part of BayWa’s transformation concept, which involves divesting key international holdings. The transaction values the stake at EUR 176 million and, once completed, will increase RWA eGen’s ownership in RWA AG from roughly 49.99% to almost 97.52%. 

    The BPV Huegel team included Partners Christoph Nauer, Thomas Lettau, Astrid Ablasser-Neuhuber, Nico Wolski, and Ingo Braun, Attorneys at Law Johannes Mitterecker, Roland Juill, and Barbara Valente, and Associates Anna Zirkler, Daniel Maurer, Patrick Nutz-Fallheier, Stefan Holzweber, and Philipp Stengg.

  • Kinstellar Launches Vienna Office with Horst Ebhardt at Helm

    Former Wolf Theiss Partner Horst Ebhardt has joined Kinstellar as a Partner to launch the firm’s new office in Vienna.

    According to Kinstellar, “the Vienna office is a greenfield development, spearheaded by Partner Horst Ebhardt, a renowned Corporate M&A lawyer and one of the most respected names in the CEE market. Horst brings 25 years of experience in private practice, specializing in complex cross-border M&A, privatizations, and restructuring transactions across Austria and the CEE/SEE region.”

    Before joining Kinstellar Ebhardt spent 27 years with Wolf Theiss where he co-headed the firm-wide corporate/M&A team.

    “We are thrilled to announce this important milestone in Kinstellar’s growth journey,” said Firm Managing Partner Kristof Ferenczi. “Our new Vienna office enables us to meet the growing demand from clients across the CEE/SEE region. We look forward to working closely with Horst and the team to build a practice that I am confident will make a significant impact both in the Vienna and the whole CEE/SEE markets.”

    “I am delighted to join such a strong firm and brand as Kinstellar – with its leading and first-class capability across the whole of CEE/SEE, Turkey, and Central Asia,” Ebhardt added. “I look forward to working with clients and new colleagues across all its existing jurisdictions and working together with its outstanding regional M&A team. I am deeply grateful to my previous firm and teams for their support throughout my career, and I am excited for this next chapter.”

  • CMS Advises ABB on Investment in ESS

    CMS has advised ABB on its investment in Engineering Software Steyr.

    The parties did not disclose any financial details.

    ABB engages in the development and provision of power and automation technologies.

    Engineering Software Steyr is an Austrian-based provider of precision paint shop simulation software.  According to CMs, the collaboration aims to develop powerful simulation tools to transform automotive paint shop operations, potentially reducing costs by up to 30%. 

    The CMS team included Partner Alexander Rakosi, Attorney at Law Marie-Christine Lidl, and Associate Rebecca Herlitz.

    CMS did not respond to our inquiry on the matter.

  • Eversheds Sutherland and SWS Scheed Woess Advise on TSG Austria’s Acquisition of E-Port Elektrotechnik from Upper Austria

    Eversheds Sutherland has advised TSG Austria on the acquisition of E-Port Elektrotechnik from Marin Bruckmueller, Harald Winkler, and Kerstin Peinbauer. SWS Scheed Woess advised the sellers.

    According to Eversheds Sutherland, TSG Austria is a provider of technical services for responsible mobility solutions. It designs, builds, and maintains all types of energy distribution infrastructures for mobility, including electric vehicle charging networks, LPG/LNG, hydrogen, and also fuel/biofuel service stations.

    E-Port Elektrotechnik is a medium-sized company that focuses on the planning and production of electrical systems and installations.

    The Eversheds Sutherland team included Partners Aurelius Freytag and Michael Roehsner, Lawyers Clemens Stieger and Sebastian Borer, and Associates Sandra Singhofer and Julian Maurer.

    The SWS Scheed Woess team included Partner Hans Peter Woess and independent attorney at law in cooperation with SWS Scheed Woess Christina Stumpner-Trunk.