CMS Vienna Advises Slovakia-Based Arca Capital Group in Acquisition of Wiener Privatbank SE
On 18 September, the majority shareholders Günter Kerbler and Johann Kowar entered into a contract on the sale of their majority interest. A team of several experts of CMS Vienna has successfully advised the buyer, Slovakia-based Arca Capital Group, in the course of this transaction.
By realising the purchase, Arca Investments, a.s. acquires a 61.37% share in Wiener Privatbank SE. The sales contract is subject to several conditions precedent, such as approval or non-prohibition of the transaction by the competent competition authorities and the approval or non-prohibition by the Austrian Financial Market Authority (FMA) pursuant to sections 20 et seq. of the Austrian Banking Act (BWG). Closing of the transaction is expected for June 2018.
Arca Capital Group appointed CMS Vienna to negotiate the contracts and manage the legal aspects of the deal. CMS was brought in for advice in the fields of corporate law, takeover law, antitrust law and capital markets law. The leading members of the CMS team were Managing Partner Peter Huber and attorney-at-law Oliver Werner. Advice on aspects of antitrust law was provided by Dieter Zandler, a partner at CMS Vienna.
Also part of the team working on the transaction were attorneys-at-law Lisa Oberlechner (corporate/qualifying holdings procedures) and Lena Winkler (takeover law) as well as associate Ulrich Weinstich (corporate).
The seller was advised by DSC Doralt Seist Csoklich Rechtsanwälte GmbH, led by partners Christoph Diregger and Ulrich Edelmann.
About Arca Capital Group
Founded in Slovakia in 1999, Arca Capital Group has a strong capital base and focuses on the private equity and financial services sectors in Central and Eastern European markets. In Vienna, Arca Capital Group has been a significant single shareholder in Vienna Insurance Group (VIG) since 2016, holding approximately 1%.
About Wiener Privatbank SE
Wiener Privatbank is a Vienna-based private bank specialised in investments in tangible assets. Clients include both private investors and institutions and find in Wiener Privatbank a one-stop-shop provider offering outstanding capital market and real-estate competence. The range of products and services for private and institutional customers comprises the core business areas of private banking, asset management (Matejka & Partner), capital markets, brokerage, research, real-estate products as well as real-estate services and projects.