News

14/03/2023We have been continuing to monitor the situation at Silicon Valley Bank on an international level since yesterday. Like the rest of the sector, we were relieved at announcement and welcomed news of the acquisition of SVB UK (the UK subsidiary of the SVB Group) by way of a share sale by HSBC UK Bank Plc.  The CMS UK team has produced an updated FAQ to answer some of the key questions, including those that we have been hearing from our own clients. You can find this here.   As always, please do not hesitate to contact your client relationship partner at CMS if you have any questions about how this affects you and your business. Additionally, we’ve also set up a dedicated support email ad­dress help2023@cmsleg­al. com to contact us if you need assistance.

Munich – German fibre network operator Sewikom has been acquired by infrastructure company Northern Fiber Holding GmbH. The latter is part of UBS Asset Management Real Estate & Private Markets (UBS-AM)...

Biobest, a world leader in pollination and integrated biological control, has successfully issued its first USPP governed by Belgian law, which was subscribed by Pricoa Private Capital, a leading U.S...

Shortly before the beginning of the year, CMS Austria supported the Austrian plastics and foam specialist Greiner AG on the successful sale of its extrusion division, including the associated operational real estate in Nußbach, Upper Austria, and Trhové Sviny, Czech Republic. On 21 December 2021, the German Federal Cartel Office approved the sale of the Austrian- based Greiner Extrusion Group (GEG) to the Dutch-German investment company Nimbus – the majority owner, amongst other things, of bat­ten­feld-cin­cin­nati, one of CEG’s competitors with subsidiaries in Germany, Austria, the USA and China. The now affiliated companies intend to exploit synergies in purchasing, at least. Otherwise, both entities will remain independent companies with their organisational structures and market presence. As part of the transaction, the experts of the CMS advisory team, led by Alexander Rakosi, Florian Mayer and Anna Hiegelsperger, had to navigate numerous complex legal topics on trans­ac­tion-re­lated aspects as well as in the areas of real estate law and an­ti­trust/com­pet­i­tion law. The internationally experienced team of experts at CMS Austria also included Dieter Zandler (antitrust law), Vanessa Horaceck (competition law), Hans Lederer (trademark law), Johannes Hysek (real estate law), Mariella Kapoun (real estate), Sibylle Novak (international tax law), Thomas Aspalter (tax law), Cornelia Kreuth (M&A), Christoph Birner (financing) and Alexandros Hantasch (corporate trans­ac­tions). In addition, the Austrian advisory team was also supported by colleagues from other CMS offices. The international CMS team consisted of Stepan Havranek (CZ), Eva Bryndova (CZ), Michael Munzinger (PRC), Lei Shi (PRC), Dipesh Santilale (UK), Sabby Kenzie (UK), Margaux Deuchler (F), Thomas Hains (F), Blazej Zagorski (PL) and Marta Osowska-Buba (PL). Lead partner Alexander Rakosi happily notes: “International transactions bring multi-faceted challenges. We are glad to have been able to provide comprehensive legal advice to the Greiner Group from project kick-off to its successful closing across all countries.”

Frankfurt/Main – Mowi ASA, a world-leading Norwegian food company in the seafood sector, refinanced its existing bank facility with a EUR 1.8 billion five-year secured revolving credit facility. The...

Munich – WOW Tech Group and Lovehoney, two of the global leaders for sexual wellness products, join forces. Together with Swiss brand Amorana – acquired by Lovehoney in 2020 – they now form the...

International law firm CMS advised investment fund Macquarie Capital as main investor, together with Daiwa Energy & Infrastructure and Aberdeen Standard Investments, on the acquisition of a majority stake...