1. 6. 2020
HAVEL & PARTNERS, as a subcontractor to Binder Grösswang, advised BEXITY GmbH and its holding company, Mutares SE & Co., on the Czech legal and transactional aspects of the sale of 100% shares in a Czech subsidiary, European Contract Logistics (“EC Logistics”). EC Logistics was sold to its managing director and CEO, Mr Roman Goeroj, in a management buy-out deal. The M&A legal team, led by Pavel Němeček (Partner), was comprised of Tomáš Navrátil (Senior Associate) and Josef Bouchal (Junior Associate); tax-related matters were handled during the entire process by Josef Žaloudek (Counsel).
EC Logistics is a global provider of international road, aviation and maritime transportation. Established in 1991 and based in Prague, Czech Republic, the company offers comprehensive services for the automotive, high-tech, pharmaceutical, chemical and food industries. Mutares acquired the company in November 2019 as part of acquisition of the BEXITY group, an Austrian leader in cross-border transportation and logistics services. EC Logistic, with 51 employees, generated a turnover of EUR 10 million in 2019. The parties have decided not to disclose the value of the transaction.
Advice on the Austrian legal aspects of the transaction was rendered to BEXITY GmbH by Binder Grösswang, whose team, led by Thomas Schirmer (Partner) and Wolfgang Guggenberger (Senior Associate), was responsible in respect of the sale of EC Logistics for matters under Austrian corporate and M&A law; Clemens Wilfonseder (Senior Associate) handled transactional aspects under Austrian tax law.