News and developments

Press Releases

Deal announcement - binder grösswang advises investors on the acquisition of large parts of veritas group

Binder Grösswang has advised Turkish investor families around Mr. Baran Celik and Mr. Nuvit Gundemir in cooperation with SZA Schilling, Zutt & Anschütz on the acquisition of large parts of the Veritas Group, an insolvent German automotive and industrial supplier. Signing of the purchase agreement (asset deal) occurred on 1 December 2022 with insolvency administrator Dr. Jan Markus Plathner (Brinkmann & Partner) acting as seller. The acquisition includes the Austrian subsidiary of the Veritas Group, three German plants in Gelnhausen (Hessen), Polenz and Neustadt (Saxony) as well as all subsidiaries located in Bosnia, China, Turkey and Hungary. The Binder Grösswang team consisted of partner Philipp Kapl (lead partner, Corporate/M&A), senior associate Mona Holzgruber and associate Florian Höllebauer (all Corporate/M&A) as well as senior associate Regina Kröll (FDI). The SZA team was led by Max Hirschberger (Corporate/M&A) and included, amongst others, in particular Stephanie Birmanns (Antitrust), Andreas Herr and Phillip Kablitz (all Corporate/M&A). Binder Grösswang was also responsible for Hungary together with Lakatos, Köves és Társai (Ádám Máttyus (lead partner, Corporate/M&A), Kornél Dirner and Viktoria Tamás (all Corporate/M&A)) and Bosnia together with BDK Advokati (Vladimir Dašić (lead partner, Corporate/M&A), Nikolina Bajić and Sanja Dedović (all Corporate/M&A)). Partner and media contact: Dr. Philipp Kapl is a partner at Binder Grösswang specializing in M&A transactions and private equity. T +43 1 534 80-810, [email protected] Mag. (FH) Petra Hinterberger, Head of Corporate Communications & Business Development T +43 1 534 80-669, [email protected] About Binder Grösswang: As one of the leading Austrian commercial law firms with a strong international focus, Binder Grösswang has been advising on all questions of commercial law for 60 years. Binder Grösswang employs more than 180 people in Vienna and Innsbruck. The law firm advises well-known national and international companies from all sectors.

12 January 2023

Press Releases

Mathias drescher: a new attorney at binder grösswang

Binder Grösswang has added a new attorney to its banking & finance team. Since the end of November, Attorney-at-Law Mathias Drescher (32) has been strengthening the successful finance team led by Binder Grösswang partners Stefan Tiefenthaler and Emanuel Welten.

07 December 2022

Press Releases

Binder grösswang advises trill impact on growth partnership with komet austria

Binder Grösswang, in cooperation with Hengeler Mueller, advised Trill Impact on entering into a growth partnership with Komet Austria, the leading manufacturer of irrigation system components in Austria. Komet Austria produces high-quality pivot sprinklers, precision regulators and long range sprinklers, supplying regional famers worldwide through its international distribution network. The company addresses global challenges such as water scarcity, an increased demand for food caused by population growth, and issues with food security through a portfolio of products focussing on increased water efficiency, decreased energy consumption, and subsequently higher crop yields. The partnership with Trill Impact is intended to further expand Komet Austria’s global presence, in particular in strategically relevant agricultural markets. Financial details of the transaction will remain undisclosed.

26 October 2022

Press Releases

Top award for binder grösswang: austria’s best employers

(Vienna, 20 May 2022) For the fourth time, Binder Grösswang has been honoured with the award “Austria’s Best Employers” by the Great Place to Work institute. The award was presented to the firm on 19 May at a festive ceremony held at the Ariana Eventhalle in Vienna.

25 May 2022

Press Releases

Binder grösswang advises cryoshelter on entry of hexagon

Binder Grösswang advised Cryoshelter GmbH on the entry of Hexagon Composites ASA into the liquid natural gas (LNG) business segment and the entry of Hexagon Purus ASA into the liquid hydrogen (LH2) business segment, in each case in the form of a minority shareholding with an option for the acquisition of all the shares within a specified period of time after the closing.

12 May 2022

Press Releases

Binder grösswang advises apleona on the acquisition of siemens gebäudemanagement & services

Binder Grösswang together with Hengeler Mueller advised Apleona on the acquisition of Austrian Siemens Gebäudemanagement & -Services GmbH (SGS). Based in Vienna, the subsidiary of Siemens Austria puts its focus on technical facility management. Apleona is a leading European integrated facility management company based in Neu-Isenburg near Frankfurt am Main. The transaction is subject to customary closing conditions.

30 March 2022

Press Releases

Binder grösswang advises nissan on the sale of its austrian dealer and distribution network

In the course of an asset deal, the German Nissan Center Europe has sold its dealer and sales network in Austria, which is operated by its Austrian branch, to the Spanish mobility provider ASTARA MOBILITY (formerly Bergé Auto). ASTARA MOBILITY will, thus, take over all sales and service activities for Nissan in Austria. After signing the contract documentation in mid-December 2021, closing is expected to occur by the end of February 2022, once all conditions precedent have been fulfilled.

05 January 2022

Press Releases

Binder grösswang advises austrian anadi bank on cooperation with austria’s tobacconists

The Austrian Anadi Bank plans to offer banking services at Austrian tobacconist shops, under the brand name “MARIE”. Therefore, it will soon be possible to have bank accounts and cards, make incoming and outgoing payments and obtain consumer loans at numerous tobacconist shops. In addition, each partner shop will have a tablet that is directly connected with the systems of the Austrian Anadi Bank; using this tablet, customers will be able to choose and order the available banking products themselves. It will also be possible to make cash transactions at the participating tobacconist shops.

12 July 2021

Press Releases

(Vienna, 10 June 2021) Binder Grösswang advised Vertellus, a global supplier and manufacturer of speciality chemicals, and Pritzker Private Capital, a leader in family direct investing, in connection with the acquisition of the Intermediates and Specialty Chemicals business of ESIM Chemicals (IM Chemicals).

01 July 2021