Corporate law firm Schoenherr has advised Swiss-listed Valora Group on all Austrian aspects of the acquisition of German-based food service company BackWerk from the Swedish financial investor EQT.

BackWerk operates a franchise network of more than 340 outlets, mainly in Germany, Austria and the Netherlands. The transaction is subject to the approval of the German Federal Cartel Office (Bundeskartellamt).

Valora runs a retail network of about 2,500 convenience and food-service outlets in Switzerland, Germany, Austria, Luxembourg and France.