Last Updated June 10, 2019

Law and Practice

Authors



CHSH Cerha Hempel Spiegelfeld Hlawati has 25 partners and 76 senior attorneys and associates in Austria; the firm also has offices in Belarus, Bulgaria, the Czech Republic, Hungary, Romania, and the Slovak Republic. The Corporate team is active for clients in the private M&A markets of Austria and CEE, representing strategic and private equity investors as well as their targets and/or management. It also advises on national and international cross-border mergers and reorganisations, specialising in developing and providing practical solutions to what can be extremely complex issues that often involve cross-border components. Due to the diversity of its clients, the team is particularly experienced in advising on public M&A, including takeover law and related disclosure requirements under stock exchange law.

Although the total number of deals dropped from 42 in 2017 to 31 in 2018, the real estate and construction sector proved to be, and hence remains, the most attractive industry for inbound M&A transactions in Austria. Foreign investments in real estate and construction companies in 2018 are closely followed by investments in companies in the industrial sector (29 transactions) and companies in the telecoms, media or technology (TMT) sectors (29 transactions). In 2017, there were 34 inbound transactions involving TMT companies and only 18 transactions involving industrial companies.

As for outbound transactions, Austrian investors are continuously active in the industrial sector, with 37 transactions in 2018 compared to 33 transactions in 2017. Other attractive sectors that saw considerable outbound M&A activity in 2018 include the TMT sectors with 30 transactions, and the real estate and construction sector with 25 transactions. This means that in 2018 outbound transactions increased by 13.8% compared to 2017.

Although most transactions in the past two years have related to the real estate and construction sector, 2018 saw a greater number of transactions in the industrial sector, numbering 81 in total, the volume of which amounted to EUR1.9 billion. The real estate sector still leads in the rankings in terms of deal volume (EUR2.4 billion), with the total number of deals amounting to 72.

CHSH Cerha Hempel Spiegelfeld Hlawati

Cerha Hempel Spiegelfeld Hlawati
Rechtsanwälte GmbH
Parkring 2
A-1010 Vienna

+43 1 514 35 0

+43 1 514 35 35

office@chsh.com www.chsh.com
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Authors



CHSH Cerha Hempel Spiegelfeld Hlawati has 25 partners and 76 senior attorneys and associates in Austria; the firm also has offices in Belarus, Bulgaria, the Czech Republic, Hungary, Romania, and the Slovak Republic. The Corporate team is active for clients in the private M&A markets of Austria and CEE, representing strategic and private equity investors as well as their targets and/or management. It also advises on national and international cross-border mergers and reorganisations, specialising in developing and providing practical solutions to what can be extremely complex issues that often involve cross-border components. Due to the diversity of its clients, the team is particularly experienced in advising on public M&A, including takeover law and related disclosure requirements under stock exchange law.

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