Binder Groesswang has advised P&V Holding Aktiengesellschaft on the sale of Hoelzel Verlag to Westermann Group subsidiary Medien Union. Eversheds Sutherland advised the Westermann Group.
The transaction remains contingent on regulatory approval.
Hoelzel Verlag is a publisher of educational media for general and vocational schools.
The Westermann Group, headquartered in Braunschweig, Germany, is a provider of educational media in German-speaking countries.
The Binder Groesswang team included Partners Christian Zwick and Clemens Willvonseder, Lawyers Christoph Schober and Christoph Raab, and Trainee Lawyers Johanna Mueller and Larissa Wagner.
The Eversheds Sutherland team included Managing Partner Georg Roehsner and Partner Aurelius Freytag.
