We are specialists in the field of national and international financing and primarily advise on all aspects of banking and finance law, including financial regulatory law, as well as restructurings and capital market transactions. We place particular emphasis on supporting our clients with project financing in the renewable energy sector, such as wind farms, hydropower plants, and photovoltaic systems. In addition, we support our clients with M&A transactions and have demonstrated our expertise in numerous high-profile international mandates. Our clients value us for our strategic foresight, our business acumen, and uncompromising legal quality.

176

Financing and M&A

Transactions successfully closed

7.8

Billion € Financing Deal

Volume

300+

Million € M&A Deal Volume

18

Jurisdictions involved

in various Cross-Border

Transactions

Banking &

Finance

Capital

Markets

M&A /

Corporate

Litigation &

Insolvency

We primarily advise companies and banks on national and cross-border financing transactions and on matters of financial regulatory law. Our advisory spectrum includes in particular project financing, especially in the area of renewable energy, real estate financing, trade and export financing, factoring, securitizations, advice on loan collateral and restructurings. Additionally, we provide ongoing advice on regulatory matters. Most recently, we have provided legal support for the following transactions:

Advising oekostrom AG and its subsidiaries as well as Erste Bank der österreichischen Sparkassen on the financing of the repowering of the Parndorf wind farm in the amount of EUR 38.76 million.
Advising a major Austrian bank in connection with the restructuring of a project financing in the amount of EUR 6 million for the expansion of a shopping center in the Czech Republic
Advising Windkraft Simonsfeld AG and its subsidiary as borrower on the financing of wind farms in the amount of EUR 63.0 million by the European Investment Bank (EIB) and Erste Bank der österreichischen Sparkassen

Advising an Austrian bank in connection with a loan grant to an Austrian entrepreneur in the amount of EUR 10 million
Advising an international syndicate of cooperative banks on a cross-border syndicated financing in the amount of EUR 200 million
Advising the Austrian subsidiary bank of an international major bank in connection with an export guarantee under the URDG of the International Chamber of Commerce (ICC)
Advising an Austrian bank on several real estate financings in CEE
Advising an Austrian bank on project financing for a wind farm in Austria

We regularly advise issuers and banks on equity, hybrid and debt issuances, structured financings as well as on the establishment and legal support of AIFs and investment funds in matters of contract and regulatory law. Most recently, we have advised on the following transactions:

Advising the banks on the issuance of a covered bond with a volume of EUR 1 billion by Erste Group Bank AG
Advising CA-CIB, Erste Group, HSBC and UBS as Joint Lead Managers on the issuance of a EUR 400 million Tier 2 bond by Volksbank Wien

Advising HSBC as Sole Structuring Adviser and Sole Bookrunner on the issuance of a EUR 125 million hybrid bond by PORR
Advising oekostrom AG as issuer on the first capital increase in Austria that was placed via crowdinvesting
Advising Barclays, Goldman Sachs, Morgan Stanley and UBS as Joint Lead Managers on the issuance of a EUR 500 million Additional Tier 1 bond by Erste Group

In addition to ongoing contractual and corporate law advice for our clients, we regularly support M&A transactions in all legal aspects. We also have experience in the areas of private equity and venture capital, among others. In recent times, we have been increasingly mandated for high-volume transactions and have thereby been able to further strengthen our expertise in the M&A field:

Advising the shareholders of Austrian software company Ranorex GmbH on the sale of their shares to US software corporation Idera, Inc.

Advising the shareholders of the Loytec Group on the sale of their shares to a Taiwanese electronics corporation for EUR 72 million
Advising the Dutch acquirer on the acquisition of shares in an Austrian distribution company
Advising the Polish acquirer Mercury Market on the acquisition of bauMax Czech Republic as an asset deal
Advising an acquisition company of ADLER Real Estate AG before the Takeover Commission in the course of an ex officio review proceeding pursuant to § 33 para 1 no 2 of the Austrian Takeover Act concerning conwert Immobilien Invest SE

We regularly represent clients before the Austrian courts and arbitration panels with a particular focus on banking, finance, and M&A related cases, if litigation is in our client’s best interest. We also advise our clients as debtors or secured or unsecured creditors on restructurings and insolvency proceedings. In addition to advising on Austrian insolvency law, we have extensive experience with cross-border insolvency proceedings. Recently, we have represented clients in court and in out-of-court restructuring transactions as follows:

Representing an investment fund domiciled in the Cayman Islands in the litigation of claims against an Austrian bank in connection with a financing in Norway
Advising VTB Bank on the insolvency of Alpine Bau GmbH
Advising a Russian bank on the sale of a non-performing loan portfolio to a distressed hedge fund of Citigroup
Advising several US funds on the enforcement of their claims against HETA Asset Resolution AG before Austrian courts

Team

Our lawyers are experts in national und cross-border financing and M&A transactions. Publications in the field of financial law, teaching assignments at WU Vienna University of Economics and Business and regular recommendations by international legal directories (Legal 500, Chambers, IFLR 1000) prove our lawyer’s expertise. A large part of our legal team has both a law and a finance degree. We consider ourselves to be our clients‘ long-term partners and are appreciated by our clients for our unconditional reliability, international experience, and outstanding legal work.

“As a distressed debt hedge fund that invests across the globe, we deal with lawyers on complex matters every day. We deal with poor, average, good and great lawyers. Rautner falls without a doubt into the ‘great’ category.”

Asset Manager
US-based Distressed Debt Fund