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Schoenherr Advises Caverion on Acquisition of Porreal

Schoenherr Advises Caverion on Acquisition of Porreal

Austria
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Schoenherr has advised Caverion Oesterreich on the acquisition of Porreal and its subsidiary Alea. Beira Rechtsanwaelte reportedly advised Porr AG on the sale.

Porreal is a full subsidiary of listed company Porr AG. Porreal is a facility management company that has been operating for over ten years.

Caverion Oesterreich is part of the international Caverion Group. It has 11 locations and over 850 employees throughout Austria. Caverion's range of products and services includes solutions for building technology and industrial plants with service and operational management.

According to Schoenherr, “by acquiring the Porreal Group, Caverion strengthens its position in the Austrian facility services market. The transaction is expected to close in August 2022.”

Schoenherr’s team included Partners Thomas Kulnigg and Christoph Haid, Counsels Clemens Rainer and Teresa Waidmann, Attorneys Lisa Todeschini, Andreas Lengger, Birgit Hirsch, and Nina Zafoschnig, and Associates Niklas Kerschbaumer, Clemens Pretscher, Maximilian Czernin, Yvonne Kraudinger, Michael Kern, Sebastian Mueller, Tullia Veronesi, and Valentin Demschik.

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