Deal News

bpv Grigorescu Stefanica advises Ziegler Group on the acquisition of Sebes – based HS Timber Productions

bpv Grigorescu Stefanica and bpv Hügel (Austria) advised Ziegler Group on acquiring HS Timber Productions Sebes SRL from HS Timber Group, Austria. HS Timber Productions Sebes SRL operates a sawmill and other industrial wood processing activities at the Sebes site with around 600 employees.

The share purchase agreement between Ziegler Group and HS Timber Group was signed in April 2023. Closing is expected in mid-2023 and is subject to customary regulatory approvals.

The globally active Ziegler Group originates in the northern Upper Palatinate, from Bavaria, and has various locations in Germany and throughout Europe. Since its foundation in 1948, the group’s core business has been wood processing. The acquisition of HS Timber Productions Sebes SRL marks the company’s entry into the Romanian market.

The HS Timber Group, based in Vienna, is a leading wood processing company. It is active in the timber industry and the bioenergy sector throughout the CEE region and exports its products to 70 countries.

“We are happy to be part of this project, which brings the potential for the evolution of an entire sector in Romania. It is a project that has raised a series of challenges and requires a long process of harmonizing the positions of the parties involved. We thank Ziegler Group for their trust and openness towards the Romanian market and its opportunities”, said Anca Albulescu, partner of bpv Grigorescu Stefanica.

Advisors to Ziegler Group: The advisory team of bpv GRIGORESCU STEFANICA included Catalin Grigorescu (Corporate/M&A), Anca Albulescu (Real Estate, Corporate/ M&A), Nicolae Ursu (Real Estate, Energy, Corporate M&A), Iulia Dragomir (Corporate/ M&A) and Cristina de Jonge (Merger Control, FDI) as well as other members from the Corporate, Real Estate, Energy, Employment and Tax practices. The bpv Hügel team was led by Elke Napokoj (Corporate/M&A) and included Stefan Gaug (Corporate M&A) and Gerhard Fussenegger (Merger Control, FDI).

The last year’s success of our Corporate Transactions continues into 2023, which is confirmed to be a very active year, with several running mandates currently in various stages of completion. Recently, our team advised:
 private equity investment firm OMNIA CAPITAL on acquiring the road transportation company Dumagas from the private equity fund Bancroft (February 2023);
VERIDION (formerly Soleadify), its founder, as well as the venture capital fund LAUNCHUB Ventures and other participants in a USD 6 million late seed financing round (February 2023);
enterprise software and infrastructure company INCRYS on the acquisition of IT services company USOURCE (January 2023);
Innoship and its shareholders in relation to acquisition and the investment by Abris Capital portfolio company Alsendo (October 2022);
Smart ID Dynamics and its shareholders in relation to the investment of SARMIS Capital in Smart ID Dynamics (January 2022) and on the acquisition of the Brasov-based integrated software solutions provider Spectrum (May 2022);
Scandinavian private equity investor FSN Capital on the transaction involving the acquisition of Mantis Group, a leading international WMS/ logistics software and solutions vendor (February 2022).

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