22.09.2023
Binder Grösswang advised P & V Holding Aktiengesellschaft on the sale of 100% of the shares in the publishing company Hölzel Verlag GmbH to Medien Union GmbH Wien, a subsidiary of the Westermann Group.
The signing took place on 14 September 2023 in Vienna. The completion of the transaction is subject to thecondition precedent of approval by the anti-trust authorities in Austria. The closing is planned for the fourth quarter of 2023.
About Hölzel Verlag
Hölzel Verlag is a publisher of educational media for general and vocational schools. It is particularly known for its school atlases and accounting textbooks and is a leader in both fields in the Austrian market.
About the Westermann Group
The Westermann Group, headquartered in Braunschweig, Germany, is one of the major providers of educational media in the German-speaking region, offering a wide range of products for all school types, levels and subjects. In Austria, Westermann has until now been represented by the publishing companies E. Dorner and Westermann Jugend & Volk. Through the acquisition of Hölzel Verlag, Westermann intends to further expand its presence in the Austrian educational-media market.
The Binder Grösswang deal team comprised the corporate/M&A specialists Christian Zwick (partner), Christoph Schober (attorney) and Johanna Müller (associate), and also included Clemens Willvonseder (partner) and Larissa Wagner (associate) for tax law matters as well as Christoph Raab (attorney) for merger control issues.