VTC Acquires Majority Stake in Wood_Space
Deal News | Dec 17, 2024 | CEE Legal Matters
VTC, a Munich-based investment company, has acquired a majority stake in Wood_Space, an Austrian company specializing in modular timber construction and the prefabrication of timber modules in 2D and 3D. The acquisition deal, for which E+H served as legal advisors to VTC, involves Wood_Space receiving a double-digit million amount of capital through a financing round. Legal guidance was provided by E+H with several partners and associates involved in the transaction, while Akela offered legal advice to Wood_Space.
Sectors
- Investment
- Construction
- Legal Services
Geography
- Germany – VTC, the acquiring investment company, is based in Munich, Germany.
- Austria – Wood_Space, the target company in the acquisition, is an Austrian firm.
Industry
- Investment – VTC is an investment company making a strategic acquisition in the modular construction industry.
- Construction – Wood_Space operates in modular timber construction, a growing field within the broader construction industry.
- Legal Services – The involvement of law firms E+H and Akela highlights the critical role of legal advisory services in M&A transactions.
Financials
- Double-digit million – Amount of capital Wood_Space will receive as part of the financing round associated with the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| VTC | Bidding Companybuyer | Company | A Munich-based investment company acquiring a majority stake in Wood_Space. |
| Wood_Space | Target company | Company | An Austrian company specializing in modular timber construction. |
| E+H | Legal advisor | Company | Provided legal advice to VTC during the acquisition. |
| Akela | Legal advisor | Company | Provided legal advice to Wood_Space. |