Binder Grösswang Advised VR Equitypartner and HÖR Technologie on Acquisition of Pichler & Strobl

Flick Gocke Schaumburg (FGS) and Binder Grösswang advised VR Equitypartner GmbH and HÖR Technologie GmbH on the acquisition of 100 percent of the shares in the company Pichler & Strobl GmbH.

A team of the Berlin office of FGS, headed by Dr. Martin Oltmann, and a team of the Vienna office of Binder Grösswang, headed by Dr. Andreas Hable, supported the buyer on all company-law and tax-law aspects of the transaction. The parties agreed to keep the purchase price confidential.

Pichler & Strobl GmbH, founded approximately 15 years ago in Anthering near Salzburg, focuses on the manufacture and assembly of high-tech components in the fields of aerospace, medical technology, the semiconductor industry, car and motorcycle racing, and alternative energies (wind energy, solar energy and hydropower).

VR Equitypartner, which has its registered office in Frankfurt am Main, is one of the leading private equity financiers in Germany, Austria and Switzerland. The company’s portfolio currently comprises around 100 investments with an investment volume of EUR 500 million.

VR Equitypartner acquired an interest in HÖR in 2013. The recent investment will consolidate and strategically expand the position of HÖR in the development and production of complete gear units and technically advanced individual components.

Counsel for VR Equitypartner and HÖR: 

Flick Gocke Schaumburg, Berlin: Dr. Martin Oltmanns (lead partner, private equity/M&A), Dr. Christian Pitzal (tax law/private equity); associates: Mathias Bülow (Maître en Droit) and Dr. Matthias Thom (both: private equity/M&A) 
BINDER GRÖSSWANG, Vienna: Dr. Andreas Hable (lead partner, corporate/M&A); associates: Dr. Christian Zwick (corporate/M&A), Clemens Willvonseder (tax law), Sabine Apfl-Trompeter (employment law), Hermann Beurle and Mona Holzgruber (both: corporate/M&A)

Counsel for the seller: 

Vavrovsky Heine Marth, Salzburg: Dr. Karl Ludwig Vavrovsky (lead partner)

Background:

Flick Gocke Schaumburg had advised VR Equitypartner since 2005 on a variety of transactions, most recently on the sale of the Ismet Group in 2016 and the acquisition of Fischer CNC-Technik by HÖR in 2017. BINDER GRÖSSWANG advised VR Equitypartner and HÖR for the first time in this constellation, having been approached at the recommendation of FGS.