CMS advises Alder Investment III on acquisition of majority stake in Austrian high-tech company Insort

Press release - 23.11.2023

Alder Investment III, a Nordic private equity fund, which focuses on the development of environmentally sustainable companies, recently closed a transaction to acquire a majority stake in Insort, a maker of high-tech imaging solutions for the food industry, used for optical sorting of food products. Alder was advised by CMS on all legal aspects and certain tax aspects of the transaction. 

"Our ability to cover all relevant legal aspects of the transaction enabled us to provide highly specialised advice on a wide range of topics, which is particularly helpful for investment in a high-tech company. It has been a pleasure working with Alder on this transaction. Congratulations to all parties involved," said Peter Huber, Partner and Head of Corporate Transactions at CMS Vienna.

The Corporate/M&A team consisted of lead partner Peter Huber, senior associate Marco Selenic and associate Livia Landskron. Tax structuring issues were handled by partner Sibylle Novak and senior associate Thomas Aspalter.

Other team members who provided extensive due diligence and transaction documentation support were senior associate Jia Schulz-Cao (IP), partner Daniela Krömer and associate Shima Babanzadeh (employment), partner Marlene Wimmer-Nistelberger (regulatory), partner Dieter Zandler and senior associate Vanessa Horaceck (competition).

About Alder
Alder is a Nordic investment fund with the aim of creating the best possible conditions for long-term development of environmentally sustainable technology and services companies. With a mix of industrial and financial expertise and with an interest in entrepreneurship as a driving force, Alder creates profitable growth in close cooperation with companies. For more information, visit www.alder.se.

About Insort
Founded in 2011, Insort GmbH is a global technology leader in vision solutions for the food industry. Insort GmbH focuses on the development, production and marketing of digital sorting and control systems based on its proprietary Chemical Imaging Technology (CIT®). CIT® is a hyperspectral imaging technology designed for maximum performance, which enables the classification of food products based on their chemical composition and is used in-line and in real time.

In a very short time, Insort has managed to establish itself globally in the highly competitive digital sorting market with its successful machine series called Sherlock. The company currently employs around 60 people at three locations (Austria, USA, Canada). For more information, visit www.insort.at.