Vienna – LawFuel – Legal Newswire – DLA Piper has advised UBS Global Asset Management’s infrastructure team on the acquisition of 28% of shares in Saubermacher Group, one of the leading Central and Eastern European waste management companies.
UBS Global Asset Management, one of the world’s leading asset managers, purchased the 28% interest in Saubermacher from Roth Privatstiftung, which retains the remaining shares. The transaction is expected to close at the end of June and is subject to customary regulatory approvals.
The transaction was co-led by DLA Piper Corporate partners Christian Temmel and Phillip Dubsky.
“In the course of this transaction, we were required to perform a legal due diligence review not only for Austria, but also for a number of CEE countries. This transaction demonstrates the importance of having fully integrated offices in CEE which provide seamless service to the client”, Christian Temmel said.
Phillip Dubsky added: “A further challenge of the transaction was the competitive bidding process, which was completed within a rather short timeframe.”
Both Christian Temmel and Phillip Dubsky stressed the fact that they very much appreciated the cooperation with the extremely professional team from UBS.