act legal Germany – The Legal 500 EMEA 2021



act legal Germany is ranked again as “Leading Firm“ in the categories “Insolvency/Restructuring“ and “Employment“ in the current The Legal 500 EMEA 2021.

Congratulations to Dr. Sven Tischendorf, MBA, Dr. Stephan Schwilden, MBA, Dr. Thomas Block, MBA, Dr. Matthias Müller, MBA and Dr. Alexander Höpfner as “Recommended Lawyer”.

CEE Legal Matters Interview



In this legal world dominated by large international groups or long-standing local firms, we choose to be both by combining effective local law firm structures and international standards of legal services. Check out the interview with Martin Randa, Marek Wojnar, Stefan Botezatu and Dr. Roman Hager to find out what has driven us to act together.

act legal Germany – China Business



As one of the very few European law firms, Dr. Stephan Schwilden, MBA is registered with the Chongqing Judicial Bureau as “Foreign Legal Counsel” of ZHH | Zhonghao Law Firm, one of the leading business law firms in China with offices in Beijing, Chongqing, Shanghai, Chengdu, Guiyang and Hong Kong. Thus, we ensure our European clients in China the same high standard as in our home market, both in terms of advisory style and professional expertise. In addition, we have many years of know-how in advising Chinese companies, investors and law firms in Europe.

http://en.zhhlaw.com/teams/detail/87

Distressed M&A Deal: Traditional foundry Walter Hundhausen successfully saved from insolvency

As of March 1, 2021, Beinbauer Group has acquired the traditional foundry company Walter Hundhausen GmbH from insolvency, supported by a senior team of the law firms act AC Tischendorf (Frankfurt), FINKENHOF (Frankfurt), WENDELSTEIN (Frankfurt), as well as held jaguttis (Cologne).

Walter Hundhausen, over whose assets insolvency proceedings were initiated on August 1, 2020, was previously part of the GMH Group from Georgsmarienhütte.

The transaction has now secured the jobs of a total of around 380 employees in Schwerte, among others.

The Beinbauer Group is one of the leading suppliers of castings for the commercial vehicle industry in Europe. The portfolio company owned by the market-renowned PE investor H.I.G , which has grown immensely over the years, combines three companies of the supplier industry under one roof and employs over 1,000 people at five locations in Germany and the Czech Republic. 

Background: act legal Germany has been acting as trusted advisor to H.I.G. for many years, also for its portfolio companies – especially in cases when a clear and strategic “problem solver” is required in special situations, beyond the purely legal aspects.

Seller: Dr. Dirk Andres (AndresPartner, Düsseldorf) as liquidator

act legal Germany advised HQIB on the acquisition of Ergosign-Group

Harald Quandt Industriebeteiligungen GmbH („HQIB“), the principal investment firm of the family Harald Quandt, acquired a majority stake in Ergosign-Group, the market leading digital agency with focus on user experience design in the German-speaking region.

The two founders, Dr. Marcus Plach and Prof. Dr. Dieter Wallach, remain co-shareholders and managing directors of the company. Together with HQIB, which has a long-term and sustainable investment approach, they aim to foster internationalization of Ergosign-Group and expand its service portfolio. 

Both parties have agreed not to disclose further details of the transaction.

Background:

HQIB invests in small and medium sized companies in the German speaking region that are leading in established and technologically sophisticated market niches with attractive growth potential.

act legal – with more than 390 corporate and commercial lawyers across central Europe – offers demanding corporate clientele high-level, cross-border, or regional legal advice being the attractive alternative to major international law firms.

act legal Germany advised HQIB comprehensively in all matters of this complex transaction.

Advisors HQIB:

act legal Germany: Dr. Fabian Brocke, LL.M. (Corporate/M&A, lead partner), Dr. Nina Bogenschütz (Employment); Dr. Nina Honstetter (Corporate, Employment); Sarah Landsberg (Corporate/M&A).

Pioneering real estate deal: Captiva acquires two new construction quarters in Bavaria from KRE Group

The Hamburg-based investment and asset manager Captiva has acquired two inner-city quarters with around 20,000 m² of rental space from the KRE Group in Bamberg, which are currently under construction. These large-scale projects consist of the “Lessing Quarter”, centrally located in Bamberg, and a quarter on the former site of a large brewery in Lohr in northern Bavaria. 

The majority of the rental space at both locations will be used for “assisted living”, complemented by additional medical services. In addition, the rental space of to be used for local supply, offices and boarding houses, emphasizing the urban character.

The properties will be part of the initial portfolio of the special AIF “Captiva Gesundheitsimmobilien Deutschland 2”. The fund is managed by IntReal as a service KVG.

The transaction volume amounts to approximately 75 million euros. The transaction, which is expected to close in the second quarter of 2021, was brokered by Cushman & Wakefield.

Background: act legal Germany has already advised KRE Group concerning acquisitions and sales on several occasions.

In this transaction, act legal Germany benefited from working in small teams with high “partner retention” ,thus navigating this complex deal to success in a short time.

act legal Poland advises on transaction comprising sale of 11 A-class office properties

act legal Poland (BSWW) advised management boards of disposed companies on the sale of completed and under-construction office buildings owned by Buma development company to fund managed by Partners Group, the global private markets investment manager.

The transaction comprised the sale of 11 A-class office properties from BUMA’s portfolio, including two sites under development, with a total leasable area (GLA) of approx. 125 000 sq. m., located in Kraków and Wrocław to Partners Group.

The law firm’s team was led by Michał Wielhorski (Managing Partner) and included Michał Sołtyszewski (Partner), Mateusz Prokopiuk (Partner), Alicja Sołtyszewska (Partner) and Katarzyna Marzec (Partner).

Clifford Chance team composed of Bartosz Kaniasty, Tomasz Derda, Joanna Satkiewicz, Tomasz Walerowicz and Joanna Kurdusiewicz, advised the closed end fund and private owners of Buma company.

Oleś & Rodzynkiewicz law firm composed of Krzysztof Rysz, Marcelina Domagała and Tomasz Ferenc advised the closed end fund, as the owner of the disposed shares.

Partners Group was advised by Greenberg Traurig and Goodwin Procter law firms.

Check out our LinkedIn post for this news here.

act legal Poland advises TIM S.A. on sale of Rotopino.pl

act legal Poland consulted by TIM S.A. on the sale of 100% equity stake in Rotopino.pl

November 26, 2020 saw the execution of the conditional agreement for the sale of stocks in Rotopino.pl between TIM S.A. and Oponeo.pl S.A.

TIM S.A. intends to sell its 100% equity stake in Rotopino.pl for PLN 35 million. In order for the final agreement to be executed and for Oponeo.pl S.A. to acquire the stake, it is necessary to obtain an unconditional and final approval of the President of the Office of Competition and Consumer Protection for the intended concentration.

The law firm provided the seller with a comprehensive range of legal advisory services.

The transaction was handled by Mateusz Prokopiuk, Partner at act legal Poland. Anna Sawaryn, Senior Associate, consulted on issues related to the procedure held before the Office of Competition and Consumer Protection.

The project team was supervised by Michał Wielhorski, Managing Partner.

Rotopino.pl S.A., with its registered office in Bydgoszcz, operates domestically and internationally, focusing predominantly on online sales of manual and electrical tools. It has over a dozen e-stores, including narzedzia.pl and rotopino.pl. The company’s rapid growth over the past few years has turned it into the domestic market leader. In 2019, its revenues reached PLN 65.5 million.

act legal Poland advises on structuring of bond issue program for extension of municipal solid waste incineration plant

The law firm was supporting the investment funds managed by Pekao TFI S.A., which developed – in cooperation with Bank Pekao S.A. and Pekao Investment Banking S.A. – the structure for the program involving the PLN 2.5 billion issue of bonds of Miejskie Przedsiębiorstwo Oczyszczania w m. st. Warszawie sp. z o.o., aimed at financing the modernization and extension of the municipal waste incineration plant, as well as the construction of a waste segregation plant for Warsaw.

The project was handled by Sebastian Sury and Matylda Juzala (Partners at act legal Poland), and supervised by Piotr Smołuch (Managing Partner and Head of Bonds).

The strategically important project, involving the renovation and extension of the incineration plant, as well as the construction of a waste segregation plant, will see the emergence of two new technological lines for municipal waste combustion within the next three years. Following the completion of the works, this is going to be Poland’s biggest facility of this sort, while also being among the largest ones across Europe. It is supposed to combust over 300 tons of mixed waste annually, and generate energy for more than a dozen thousand households.

We perfectly realize that this project is of crucial strategic importance for the city. Warsaw has been waiting for it for years. This makes us even prouder to be given the opportunity to contribute to its success,” says Piotr Smołuch, Managing Partner at act legal Poland.

The facility is going to be eco-friendly as it was designed in line with top environmental standards related to waste management.

act legal Poland advises Rank Progress on further land acquisition for new investment projects

act legal Poland has consulted on Rank Progress’ purchase of nearly 6.83 hectares of land worth almost PLN 24m net.

On November 19, 2020, Rank Progress Spółka Akcyjna Otwock spółka komandytowa (a subsidiary of Rank Progress S.A.) and Rank Progress S.A. entered into two final agreements for acquisition of ownership title to a land lot of 6.83 ha.

The property is located in Otwock. The transaction value is PLN 23.97 million.

The law firm provided a comprehensive range of legal advisory services, including a due diligence audit of the property.

The law firm’s team was supervised by Michał Wielhorski, Managing Partner at actlegal Poland. The team was made up of Mateusz Prokopiuk, Partner (transaction advisory), and Michał Sołtyszewski, Partner (due diligence).

“This is yet another project of this kind, on which we advise our Client,” says Michał Wielhorski.

Rank Progress is an investment and development company which has become a market leader when it comes to development of retail spaces. It is listed on the Warsaw Stock Exchange.