US automotive supplier Hendrickson purchases subsidaries of the Austrian Frauenthal Group in Austria, France and Romania. During the acquisition Hendrickson was represented by Wolf Theiss, the Austrian multinational law firm focusing on CEE and SEE.
The US automotive supplier Hendrickson has been interested in certain subsidaries of the Austrian Frauenthal Group, a stocklisted conglomerate headquartered in Vienna, for some time already. The targets of the acquisition were Frauenthal subsidaries from the automotive components suppliers sector in Judenburg (Austria), Châtenois and Douai (both in France) and Sibiu (Romania). The components produced by these members of the "Frauenthal Automotive Group" are delivered to numerous leaders in the European utility vehicle industry. On Wednesday 18th of June, the contracts for the sale of the "Frauenthal Sales" subsidaries were signed. The advisor to the buyside was Wolf Theiss, the biggest Austrian law firm. The purchase was processed by TBC Netherlands which, as a member of the Hendrickson family, is also a part of The Boler Group.
Wolf Theiss Partner Christian Hoenig: "We are glad, that we could successfully handle this acquisition for an international player such as Hendrickson." Corporate/M&A lawyers Christian Hammerl and Doris Buxbaum supported him during the transaction. Lead counsel for the acquisition was Winston&Strawn Paris, who also advised on the acquisition of the French subisidary.
Managing Partner of Wolf Theiss Erik Steger says: "Another successful M&A deal shows not only our ability to successfully and promptly handle such deals over several jurisdictions, but is fortunately also an indication of the economic recovery of the whole region."
ABOUT WOLF THEISS
Founded in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 340 lawyers in 14 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.
Law Firm of the Year: Austria 2014 (The Lawyer European Awards)
Law Firm of the Year: Central Europe, 2014 & 2010 (The Lawyer European Awards)
Austrian Law Firm of the Year, 2013, 2012, 2011, 2010 & 2009 (Who's Who Legal, IFLR - International Financial Law Review; Chambers & Partners; PLC Which lawyer?; ILO - International Law Office)
Best in Croatia Awards, 2013 (European Women in Business Law Awards, Euromoney)
Best in Austria Award, 2013 & 2012 (European Woman in Business Law Awards, Euromoney)
Energy Law Firm of the Year, 2012 (The Diplomat – Bucharest)
Law Firm of the Year: Eastern Europe and the Balkans, 2012 & 2009 (The Lawyer European Awards)
ÖGV-Unternehmer, 2011 (Österreichischer Gewerbeverein)
Austrian Client Service Law Firm of the Year, 2011 (Chambers & Partners)
Austrian Tax Law Firm of the Year, 2011, 2010 & 2009 (International Tax Review)
First Place Winner Practice Development, 2011 (Your Honor Awards, Legal Marketing Association)
Law Firm of the Year, 2010 (Southeastern Europe Real Estate Awards, Europa Property)
Law Firm of the Year: Central Europe, 2010 (The Lawyer European Awards)
Czech Law Firm of the Year, 2010 (IFLR - International Financial Law Review)
Worldwide – Entertainment and Media Law Team of the Year, 2009 (World Leaders International IP Awards)
Hungarian Law Firm of the Year, 2009 (IFLR - International Financial Law Review)
For a complete awards list please visit www.wolftheiss.comAboutUsAwards
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