Cerha Hempel, working alongside Deloitte Legal in Germany, has advised Germany's GBTEC Software + Consulting AG on the acquisition of all shares in Avedos, a Vienna-based GRC software specialist through direct and indirect share purchases and by means of a contribution by Samuel Brandstatter – the founder, managing director and shareholder of Avedos – who took equity in GBTEC as part payment for the sale of his stake in the company. 42law advised Brandstatter on the deal.
According to Cerha Hempel, "despite the extremely difficult circumstances resulting from the COVID-19 pandemic, the transaction was carried out in the space of just a few weeks and has been made possible by teams of attorneys at Cerha Hempel in Austria and Deloitte Legal in Germany, all of whom were working from home.
Cerha Hempel's team was led by Partner Albert Birkner and included Counsel Katharina Majchrzak, Senior Associates Martin Eichinger and Franziska Paefgen, and Associates Jakob Weber and Boris Treml.
Deloitte Legal's team in Dusseldorf was led by Partner Felix Felleisen and included Counsel Max Luerssen.
Christof Strasser led the 42law team.