Schoenherr has advised a group of shareholders of Slovenia’s Helios Domžale and pledgees in Helios shares (the sellers) in the sale of a majority stake in Helios to Ring International Holding (RIH), a Vienna-based industrial group.
Following the closing of the transaction in April, RIH through its subsidiary Remho Beteiligungs held 77.93 per cent of the shares in Helios. This transaction, which saw the sellers receive €106m (£87m), is the largest M&A deal in Slovenia and the country’s first successful privatisation in recent years.
Vid Kobe (attorney at law, Ljubljana, corporate/M&A), Bojan Brežan (attorney at law, Ljubljana, corporate/M&A) and Roman Perner (partner, corporate/M&A) advised the consortium of sellers — leading Slovenian financial institutions — on the transaction structure and negotiation of the share purchase agreement.
Christoph Haid (partner, EU and competition) helped pave the way for the transaction’s closing by assisting in obtaining merger control clearances in the relevant jurisdictions.