Binder Grösswang

Austria

IFLR1000 Reviews

Financial and corporate

Binder Grösswang is a leading commercial firm, with 88 lawyers based in Vienna and Innsbruck. Although the firm is exclusively based in Austria, it often leads on cross-border deals. 

 

Focusses / specialisms 

Lending advice is a strength of the firm. It advises most big domestic and regional banks and is known as one the country’s stronger banking regulatory firms. It regularly works with private equity firms and is recommended for leveraged finance. Project financing for wind power plants is another area the firm is more experienced than most firms are locally. 

The firm has a good capital markets team. The group is active on the debt side and often advises locally based lenders on commercial paper programmes and has recent IPO experience advising underwriters. 

The M&A team consistently secures roles on the market’s top deals and is often involved in cross-border inbound acquisitions involving financial sponsors, where it typically advises private equity firms as either buyer or seller.

 

Key clients 

Notable banking clients of the firm include ING Bank, Unicredit, Emirates NBD and Badder Bank. The firm has worked with leading companies in various fields, such as Mayr-Melnhof Group and Stienhoff Group. 

 

Research period review: 30th edition (2019/2020) 

The firm was active across all areas of financial and corporate work covered by the rankings over the research cycle.  

The firm's recent lending experience saw it do work for lenders and borrowers in project financing, acquisition financing and syndicated financing deals and ESG loans.

In capital markets the firm advised banks as managers of IPOs, arrangers on bonds, and as issuers on Austrian housing bonds.  

The firm's relationships in the banking sector extend into its corporate M&A team, whereby the firm has advised multiple banks on acquisitions. The firm also advised various corporates as buyers, sellers and targets on deals in sectors in including renewable energy, pharmaceuticals, pension funds and telecommunications.  

A highlight for the firm in the restructuring area saw it assist with the landmark Stienhoff case.

 

Deal highlights: 30th edition (2019/2020) 

Asahi Kasai Medical Co acquisition of Virsure Forschung und Entwicklung

BKS Bank €200 million bond programme 

Canal+ €1billion acquisition of M7 

Frequentis VSE IPO 

Infotech EDV Systeme €30 million financing 

Mayr-Melnhof Group €275 million acquisition of TANN Group 

PSP Investments acquisition of 32% stake in Wittur 

Selan €23 million financing 

Stienhoff restructuring

TELUS International €915 million acquisition of Competence Call Center Group

 

Client feedback: 30th edition (2019/2020)

Banking

“Overall excellent service in all areas.”

 

Capital markets: Equity

“Extremely solution-oriented; strong relationship value; clear responsibilities of respective partners.”

 

Capital markets: High yield

“Binder is extremely practical and commercial in their approach. Their lawyers are knowledgeable and intelligent and very responsive. They also take a very versatile approach to transactions and are happy to take on whatever issues confront them.”

 

Capital markets: Structured finance and securitisation

“BG was very responsive, commercially driven and focussed on the matter. We were very happy with appointing them.”

 

Financial services regulatory

“Full understanding of the practical needs and impact to the business of the client. Highly responsive.”

 

M&A

“Speedy and friendly.”

“Highly responsive / excellent communication with the client, highly knowledgeable, always looking for quick solutions to issues and good at choosing which fights to pick.”

“Highly competent and experienced, quick to respond to requests.”

“Market leader – the go-to practice in the M&A and acquisition financing space in Austria.”

“They are responsive and understand the business rationale behind the questions/problems.”

 

Project finance

“Highly professional, hands on, diligent and client focused.”

 

Restructuring and insolvency

“Deep knowledge of topic, responsive and immediate reaction to questions.”

“Very positive approach towards demands of the client, immensely helpful and responsive.”

 

Emanuel Welten

“He knows the corporate finance world like no other banking lawyer in Austria.”

 

Florian Khol

“Excellent negotiator and solution focused whilst protecting the interest of his clients. 100% personal engagement for his clients.”

 

Georg Wabl

“Extremely responsive, time-wise and optimistic even though the deadlines were really tough.”

“Responsive; deep knowledge; quick replies; great support.”

 

Gottfried Gassner

“Highly competent and experienced, excellent responsiveness and accessibility.”

 

Moritz Salzgeber

“Timely response, highly professional documentation and good English.”

 

Philipp Kapl

“Simply the best and most innovative upcoming M&A lawyer in Austria, who adds value beyond just the legal field but also from a commercial point of view on a deal.”

“Philipp is extremely hard working and responsive and offered creative solutions to issues. For instance, on one matter, we had a number of novel issues to deal with and he was able to apply his M&A experience to the matter to come up with a creative solution. He's also outgoing and, while serious when it comes to work matters, is fun and sociable.”

 

Stefan Tiefenthaler

“He combines the legal knowledge with transaction experience, as you would expect from a tier 1 legal adviser.”

“Excellent knowledge of financing.”

“Highly professional, hands on, diligent, and client focussed.”

“Good listener, excellent negotiator, and has the ability to think outside of the box.” 

 

Thomas Schirmer

“He is highly international focused, always understanding the nuances when a client comes from another culture/jurisdiction.”