The Legal 500

Wolf Theiss

SCHUBERTRING 6, 1010 VIENNA, AUSTRIA
Tel:
Work +43 1 515 10
Fax:
Fax +43 1 515 10 25
Email:
Web:
www.wolftheiss.com

Show all Press releases

WOLF THEISS ADVISES ON THE SALE OF SYMENA TO AIRCOM / H.I.G. CAPITAL

April 2012

Vienna, 18 April 2012 – WOLF THEISS advised Austrian company Symena Software & Consulting GmbH, a worldwide leader in the development of software for optimising cellular phone networks, in the sale of their business to Aircom Group, an H.I.G. Capital holding.

Wolf Theiss, one of the leading law firms in Central, Eastern and Southeasthern Europe, advised Symena Software & Consulting GmbH and its shareholders on the sale of this company to the UK-based Aircom Group, which is part of the globally operating private equity investor H.I.G. Capital. Founded in 2002 as a spin-off from the Mobile Communications Group at the Technical University of Vienna, Symena established itself as the market leader in Automatic Cell Planning for improving the operation of cellular radio networks.

Partner Dieter Spranz, who managed the transaction on behalf of Wolf Theiss, notes: "For the hugely successful start-up business Symena, the integration into an international player was the next logical step in their growth process. Hence, incentivising all parties involved to leverage the obvious future synergies in an optimal way and providing the necessary legal safeguards on both sides were the specific legal and structural challenges of this transaction."

"In the dynamic environment of the high tech sector, the ability of legal advisers to accurately reflect the complex structures involving various legal systems in a contractual framework at the required speed is a key factor for success," commented Thomas Neubauer, founder and CEO of Symena.

The Wolf Theiss advisory team for this transaction was lead by Dieter Spranz and Counsel Sandra Müller. Vienna-based carpima GmbH and the former CEO of Telekom Austria, Boris Nemšić, acted as M&A advisors.

Headquartered in Leatherhead, UK, Aircom is a provider of network management tools with offices in 14 countries. Aircom is a holding of H.I.G. Capital, a fund specialised in investing in medium-sized enterprises. H.I.G. Capital administrates approximately 50 holdings in Europe and the USA, with total turnovers amounting to approximately EUR 7 billion.

Download Press Release (English)
Download Press Release (Deutsch)
Download Photo Dieter Spranz
Download Photo Sandra Mueller


For more information please visit www.wolftheiss.com

Legal Developments by:
Wolf Theiss

  • EU TRANSACTION TAX: ADDITIONAL BURDENS ON BANKS?

    The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions.
    - Wolf Theiss

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Hungary: Amendment to the Civil Code in order to foster lending

    On 13 June 2016 the Hungarian Parliament adopted an amendment to the Civil Code which entered into force two years ago. The main body of the amendment will enter into force on 1 October 2016, and reintroduces the independent mortgage ( önálló zálogjog ) which used to be part of the Hungarian secured transactions regime under the former civil code, and refines the rules of the security deposit ( óvadék ). read more...
  • CJEU rules on liability of marketplace operators for trademark infringements

    Should landlords care about their tenants' IP infringements? According to the Court of Justice of the European Union (CJEU), they should!
  • Poland: Act on Windfarms and Amendments to the Act on Renewable Energy Sources

    On 27 June 2016 the Polish President signed a new bill introducing changes to the Act on Renewable Energy Sources (" Amending Act "). On 22 June 2016 the President signed a new Act on investments in wind power plants (" Act on Windfarms "). Both acts have been widely criticised by the renewable energy sources (" RES ") industry, and on reading they suggest that the current Polish government is willing to significantly reduce support for RES. read more...
  • Bulgaria: The Open Tender for Sofia Aiport Concession Ceased

    On 20 May 2016 the Bulgarian government resolved to begin open tender proceedings for the concession of the Sofia Airport which has been brought to a halt by the Bulgarian Competition Protection Commission. read more...
  • "Brexit" - BrexIP?

    Besides coverage of the UEFA-championship, news of the UK vote on "Brexit" dominated the news last week. While it is too early for an in-depth analysis of the ramifications of a possible "Brexit" on IP rights – not only because despite the vote it is not yet decided whether the UK will in fact withdraw from the EU, but also because the specific mechanisms of such withdrawal will most likely be regulated in an agreement pursuant to Art 50 (2) of the Lisbon Treaty – enterprises should also monitor the developments in this field of law. Below is a small foretaste on issues related to key IP-rights: read more...
  • Czech Republic: Transfer of an Enterprise: Acquisition of Ownership

    The new Czech Civil Code effective 1 January 2014 introduced new rules for determining the moment of legal effectiveness of the transfer of an enterprise.
  • Committed Bribery in the Czech Republic?

    The Czech Government recently submitted a proposal to amend the Czech Penal Code (the " PC ") and the Code of Criminal Procedure (the " CCP ") in respect of, among others [1] , the non-prosecution of bribery under certain circumstances. The proposal [2] was adopted within a month and will come into effect on 1 July 2016 (the " Amendment "). read more...
  • RES in Serbia: New Secondary Legislation Package Adopted

    The long-awaited package of secondary legislation regarding renewables (" Secondary Legislation ") was finally adopted by the Government of Serbia on 13 June 2016.
  • Finally! Some Room Left for Direct Transactions with Securities of Moldovan Joint-Stock Companies

    It is no secret that the Act no.171/2012 on Capital Markets (which entered into force in 2013), together with numerous changes to Act no.1134/1997, and in addition the recent abolition of Act no.199/1998 on Securities Markets, cumulatively have significantly changed the rules of direct transactions with securities in Moldovan joint-stock companies ("JSC"). As a consequence, fears arose that such possibility would no longer exist. read more...
  • Serbia: New Inspection Act in effect: be inspection-ready

    The new Inspection Act came into force on 29 April 2015, with the majority of its provisions coming into effect as of 29 April 2016.