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Schoenherr Advises on Largest M&A Transaction in Slovenia

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Schoenherr has advised a group of shareholders of Slovenia's Helios Domzale and pledgees in Helios shares in the sale of a majority stake in Helios to Ring International Holding (RIH), a Vienna-based industrial group.

Following the closing of the transaction in April, RIH -- through its subsidiary Remho Beteiligungs -- held 77.93% of the shares in Helios. The EUR 106 million transaction is the largest M&A deal in Slovenia and the country's first successful privatization in recent years. 

Ring International Holding is one of the leading groups in the areas of stationery products and coatings. RIH's coatings division is structured as a separate business and manufactures a diversified range of high-end liquid and powder coatings for selected profitable niche markets across Europe. RIH sees potential for synergies between its coating division and Helios, with the two of them combined becoming one of Europe's most dominant players in the coatings industry.

Schoenherr attorneys Vid Kobe, Bojan Brezan, and Roman Perner advised the consortium of sellers – leading Slovenian financial institutions – on the transaction structure and negotiation of the share purchase agreement. Partner Christoph Haid assisted in obtaining merger control clearances in the relevant jurisdictions.