Eavista Takes Majority Stake in Card Complete Service Bank
Deal News | Feb 24, 2025 | CEE Legal Matters
BPV Huegel has successfully advised Eavista on acquiring 75.1% of shares in Card Complete Service Bank. The sellers are UniCredit Bank Austria and Raiffeisen-Invest-Gesellschaft. The deal involved legal advisement from multiple top law firms, with BPV Huegel providing counsel to the buyer Eavista, while Binder Groesswang represented Raiffeisen Bank and Dorda reportedly acted for UniCredit Bank Austria. Card Complete Service Bank, a significant player in credit card and payment solutions, adds to Eavista’s portfolio, although AVZ Privatstiftung continues to hold a stake in the company.
Sectors
- Financial Services
- Legal Services
Geography
- Austria – Both the parties involved in the acquisition and the firms providing legal counsel are based in Austria.
Industry
- Financial Services – The article involves an acquisition in the financial services sector, particularly credit card and payment solutions.
- Legal Services – Multiple law firms provided advisory roles in the transaction, highlighting their engagement in the legal services industry.
Financials
- 75.1% – Percentage of shares acquired by Eavista in Card Complete Service Bank.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eavista | Buyer | Company | Acquirer of a 75.1% stake in Card Complete Service Bank. |
| Card Complete Service Bank | Target | Company | A provider of credit card and payment solutions for private and corporate customers. |
| UniCredit Bank Austria | Vendor | Company | One of the sellers of Card Complete Service Bank shares. |
| Raiffeisen-Invest-Gesellschaft | Vendor | Company | One of the sellers of Card Complete Service Bank shares. |
| BPV Huegel | Legal Advisor to Buyer | Company | Provided legal counsel to Eavista during the acquisition. |
| Binder Groesswang | Legal Advisor to Vendor | Company | Provided legal advice to Raiffeisen Bank. |
| Dorda | Legal Advisor to Vendor | Company | Reportedly advised UniCredit Bank Austria. |
| AVZ Privatstiftung | Shareholder | Company | Retains a stake in Card Complete Service Bank. |