SOL Capital Management Acquires Simplon Group
Deal News | Dec 17, 2024 | CEE Legal Matters
SOL Capital Management, an Austrian financial investor known for its specialization in turnaround and restructuring projects, has acquired Simplon Group, a high-end bicycle manufacturer based in Vorarlberg, Austria. The acquisition is aimed at restructuring and sustainably reorganizing Simplon. Legal advisory services for SOL Capital were provided by E+H and Stapf Neuhauser, while the shareholders of Simplon were advised by Sutterluety, Klagian, Braendle, Gisinger, and Lingenhoele. The transaction includes conditions such as merger control approval and confirmation of the restructuring plan. The legal teams from E+H and Stapf Neuhauser were comprised of multiple partners and associates, highlighting the complexity and importance of the acquisition.
Sectors
- Private Equity and Investment Management
- Manufacturing
- Legal Services
Geography
- Austria – Both SOL Capital Management and Simplon Group are based in Austria, which makes it the key geography for this deal.
- Vorarlberg – The Simplon Group is specifically based in Vorarlberg, Austria, and will undergo restructuring there.
Industry
- Private Equity and Investment Management – SOL Capital Management is a financial investor known for handling turnaround and restructuring projects, which situates it within this sector.
- Manufacturing – Simplon Group operates in the manufacturing sector as a producer of premium bicycles in Austria.
- Legal Services – Several legal firms, including E+H and Stapf Neuhauser, provided advisory services for the acquisition, emphasizing legal sector involvement.
Financials
- Not Disclosed – The financial terms of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SOL Capital Management | Buyer | Company | Austrian financial investor specializing in turnaround and restructuring projects. |
| Simplon Group | Target | Company | An Austrian manufacturer of premium bicycles. |
| E+H | Legal Advisor | Company | Provided legal advice to SOL Capital Management. |
| Stapf Neuhauser | Legal Advisor | Company | Provided legal advice to SOL Capital Management. |
| Sutterluety, Klagian, Braendle, Gisinger, Lingenhoele | Legal Advisor | Company | Reportedly advised shareholders of Simplon. |