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Press Releases

E+H advises Riverside on the acquisition of GFP

E+H advised The Riverside Company (Riverside) on the acquisition of Austrian GFP HandelsgmbH (GFP) by its portfolio company TOOLPORT GmbH (Toolport). The parties agreed not to disclose the purchase price. Toolport's successful acquisition of GFP, the leading online retailer of greenhouses, raised beds, and similar products in the DACH region, will enable GFP to further leverage the potential of the individual product categories in the European market. In 2019, Riverside invested in Toolport, one of Europe's leading online retailers of professional tents and spare parts for consumers and corporate customers. Since then, they have together been driving a dedicated internationalization strategy. The resulting pan-European platform now offers further growth opportunities for GFP. The Allen & Overy team (led by Astrid Krüger) advised Riverside in particular on complex financing aspects and on the sell-side re-investment in Toolport. The E+H team led by Philipp Nidal Karaman advised on the Austrian aspects of the transaction. Advisers to The Riverside Company: E+H Rechtsanwälte GmbH Philipp Nidal Karaman (Partner, Corporate/M&A), Karolin Andréewitch-Wallner (Partner, Labor Law), Andreas Zellhofer (Partner, IP/IT), Helmut Liebel (Partner, IP/IT), Christopher Engel (Partner, Real Estate), Ulrike Sehrschön (Partner, Public Law), Judith Feldner (Partner, Antitrust), Marcus Benes (Partner, Banking & Finance), Florian Sagmeister (Attorney at Law, IP/IT), Karoline Hofmann (Attorney at Law, Banking & Finance), Martin Zankl (Associate, Corporate/M&A), Laura Glibusic (Associate, Corporate/M&A), Vincenz Stockert (Associate, Corporate/M&A), Daniela Birnbauer (Associate, IP/IT), Maximilian Kröpfl (Associate, IP/IT), Agnieszka Blonska (Associate, Antitrust Law), Christian Cacic (Associate, Banking & Finance). Allen & Overy: Astrid Krüger (Partner, Corporate/M&A), Thomas Neubaum (Partner, Banking & Finance), Börries Ahrens (Partner, Antitrust), Jan-Hendrik Bode (Counsel, Banking & Finance), Sebastian Schulz (Counsel, Labor Law), Tobias Hugo (Sr. Associate, Corporate/M&A), Johannes Graßl (Associate, Corporate/M&A), Hans-Joachim Jähnichen (Associate, Banking & Finance), Sören Burdinski (Associate, Antitrust). About E+H: E+H is a commercial law firm operating internationally, with offices in Vienna, Graz, Klagenfurt, and Brussels. The firm regularly receives awards and top spots in international rankings and directories, such as Chambers & Partners Global & Europe, Legal 500, JUVE, and Mergermarket. https://www.eh.at/en/ About The Riverside Company: Riverside, a global private equity firm, focuses on investments in growing companies valued up to $400 million. Since its founding in 1988, Riverside has made more than 800 investments. Riverside's international private equity and structured capital funds include more than 140 companies.
12 May 2022
Press Releases

IMMOLA, advised by E+H, sells residential project in Graz to WEALTHCORE

E+H advised the IMMOLA Group on the sale of a new residential project in Graz to WEALTHCORE (for its real estate fund "Wealthcore Austria Living I"). IMMOLA is a leading expert in urban development in Graz, Klagenfurt, and Linz. WELTHCORE Investment Management offers individual investment products for investors. The transaction was carried out as part of a forward deal. The parties agreed not to disclose the purchase price.
11 January 2022
Press Releases

AFFiRiS, advised by E+H, announces license agreement with Frontier Biotechnologies for AFFITOPE® AT04 for the treatment of hypercholesterolemia

E+H advised AFFiRiS AG on the negotiation of an exclusive license agreement with Frontiers Biotechnologies Inc. AFFiRiS is an Austrian clinical stage biotechnology company. Frontier Biotechnologies Inc. is a publicly traded Chinese commercial-stage biopharmaceutical company. The agreement is to develop and commercialize AFFITOPE® AT04 to treat patients with hypercholesterolemia in Greater China, which consists of Mainland China, Hong Kong, Macau, and Taiwan. AFFiRiS will retain all rights to AT04 in the remaining regions of the world. The license agreement is subject to customary regulatory approvals in Austria.
04 January 2022
Press Releases

KBC Group, advised by E+H, acquires Raiffeisenbank Bulgaria

E+H advised KBC Bank NV on an agreement to acquire 100% of the shares of Raiffeisenbank (Bulgaria) EAD, comprising the Bulgarian banking operations of Raiffeisen Bank International, for EUR 1,015 million. The transaction also includes Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management, Raiffeisen Insurance Broker and Raiffeisen Service. Completion of the transaction is subject to regulatory approvals and is expected by mid-2022.
07 December 2021
E+H Rechtsanwälte