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CMS team supports VR-LEASING in the sale of BFL Leasing to BAWAG Group

10/01/2019

Frankfurt/Main – Austrian BAWAG Group has signed a definitive agreement to acquire BFL Leasing GmbH from BFL Gesellschaft des Bürofachhandels mbH & Co. KG. VR-LEASING AG is the majority shareholder in BFL. All parties have agreed not to disclose the purchase price. The final closing of the transaction is still subject to approval by the antitrust and financial services regulatory authorities.

A CMS team headed by lead partner Dr Oliver C. Wolfgramm provided VR-LEASING with comprehensive legal advice on all transaction-related issues.

With its brand VR Smart Finanz, VR LEASING is a partner for solutions for the Mittelstand within the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, the second largest banking group in Germany. The range of services includes tailor-made solutions for leasing, lease-purchase and loan as well as digital services for everyday financing.

BFL Leasing is according to own account one of the leading IT financing specialists in Germany. With its sales partners, BFL Leasing GmbH offers financing solutions for hardware and software, projects including software, licenses and services in the IT sector, office technology as well as information and communication technology. The company employs approximately 75 people and reported total assets of approximately 600 million Euro by yearend 2017.

BAWAG Group AG is the listed holding company of BAWAG P.S.K., which is headquartered in Vienna, Austria, with the main banking subsidiaries easybank and start:bausparkasse in Austria as well as Südwestbank and Deutscher Ring Bausparkasse in Germany.

CMS Germany

Dr Oliver C. Wolfgramm, Lead Partner
Dr Navid Anderson, Counsel
Dirk Baukholt, Counsel
Ayleen Görisch, Senior Associate, all Corporate/M&A
Andrea München, Partner
Dr. Markus Pfaff, Partner
Patrick Schultz, Senior Associate
Laura Bungart, Associate, all Banking & Finance
Stefan Lehr, Partner, Competition & EU
Philipp Lotze, Partner
Dr. Jörn Heckmann, Counsel, both TMC
Dorothée Janzen, Partner, Commercial
Johanna Hofmann, Partner, Real Estate & Public
Yvonne Wolfgramm, Partner, Labor, Employment & Pensions

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