BINDER GRÖSSWANG advises on the acquisition of AHT Group, the world market leader for plug-in cooling and freezing systems located in Rottenmann, Styria. The transaction volume amounts to € 881 million. Daikin Europe N.V. is the European subsidiary of Daikin Industries Ltd., the world market leader for air-conditioning technology, listed on the Japanese stock exchange and headquartered in Osaka, Japan. The seller is the private equity group Bridgepoint.
The signing took place on 22 November 2018 in Vienna at BINDER GRÖSSWANG.
BINDER GRÖSSWANG partners Michael Kutschera and Bernd Schneiderbauer: "A challenging cross-border transaction involving the takeover of an Austrian champion by the world champion".
On the client side, Corine Vyncke (Dakin Europe N.V.) had the lead as in-house legal counsel.
The lead team of BINDER GRÖSSWANG for Corporate/M&A consisted of Michael Kutschera, Bernd Schneiderbauer (both partners), Lukas-Sebastian Swoboda and Alexander Scharkosi (both associates) (all Corporate/M&A).
The comprehensive due diligence involved Corporate Claudia Fochtmann (lawyer) and Clara Kreuzbauer (associate); for Banking and Finance Emanuel Welten (partner), Maximilian Höltl (lawyer) and Patrick Mayrhuber (associate); for employment law Angelika Pallwein-Prettner (partner) and Sabine Apfl-Trompeter (lawyer); for regulatory and environmental law Johannes Barbist (partner) and Anian Gruber (associate); for Commercial Helmut Buchroithner (counsel) and Valerio Hofmann (associate); for Real Estate Markus Uitz (partner), Michael Delitz (associate) and Artan Duraku (associate); for Intellectual Property Helmut Buchroithner (Counsel), Valerio Hofmann (associate) and Karin Trenkwalder (Legal Assistant); for Litigation Ingeborg Edel (partner) and Thomas Knirsch (associate); for Data Protection Ivo Rungg (partner).
Daikin was also advised for Germany by Noerr with Gerald Reger (partner), Anna Loibl (lawyer), Ricarda-Charlotte Lorenz (lawyer), Diana Richter (lawyer) and Maximilian Kummer (lawyer); for Spain by GÓMEZ-ACEBO & POMBO Carolina Serrano (lawyer) and Samara Schaar (lawyer).