CERHA HEMPEL advised Tennant Company, headquartered in Eden Prairie, Minnesota, a world leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, healthier world, in the acquisition of M&F Management and Financing GmbH (“M&F”).
M&F is Tennant Company’s largest Central and Eastern Europe distributor. The CERHA HEMPEL team was led by CERHA HEMPEL Austria partner Johannes Aehrenthal and involved all CEE offices of Cerha Hempel. The transaction was closed on 29 February 2024.
The acquisition gives Tennant a knowledgeable and experienced sales force and an established direct channel into countries including Romania, Hungary, Czech Republic, and Slovakia, along with an expanded network in Austria, Switzerland, Poland, and other nations in the region, as well as the Middle East and Africa. Its products include equipment for maintaining surfaces in industrial, commercial, and outdoor environments; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant's global field service network is the most extensive in the industry. Tennant Company had sales of $1.24 billion in 2023 and has approximately 4,500 employees.
Tennant has manufacturing operations throughout the world and sells products directly in fifteen countries and through distributors in more than one hundred countries.
For more information: investors.tennantco.com
CERHA HEMPEL Austria: Johannes Aehrenthal (Lead Partner, M&A), Jakob Hartig (Partner, M&A), Christopher Peitsch (Partner, Arbeitsrecht), Bernhard Kofler Senoner (Partner, Wettbewerbsrecht), Sergei Makarchuk (Of Counsel, CEE Koordination), Zakar Stepanyan (Senior Associate, Wettbewerbsrecht), Nikolaus Feldscher (Associate, M&A), Bogdan Capra (Associate, M&A),
CERHA HEMPEL Hungary: Andrea Presser (Partner, M&A), András Kauten (Counsel, M&A), Novák Tamás (Senior Associate, Arbeitsrecht), Tóth Stefánia (Associate, M&A), Baumgartner Máté (Associate, M&A),
CERHA HEMPEL Czech Republic: Petr Kališ (Partner, M&A), Jiří Prouza (Senior Associate, M&A), Jáchym Šimek (Junior Associate, M&A), Michal Hofman (Associate, Arbeitsrecht)
CERHA HEMPEL Slovakia: Jozef Bannert (Partner, M&A), Ivana Šedová, (Senior Associate, Arbeitsrecht und M&A), Andrej Bartakovič (Senior Associate, M&A), Lucia Lalíková Tadlánková (Senior Associate, Immobilienrecht), Dušan Hrnčiar (Senior Associate, M&A)
CERHA HEMPEL Romania: Mirela Nathanzon (Partner, M&A), Andreea-Cezara Szakacs (Of Counsel, M&A), Anda Margean (Senior Associate, M&A und Wettbewerbsrecht), Diana Andrei (Associate, M&A), Larisa-Alexandra Dalea (Junior Associate, M&A)
CERHA HEMPEL Bulgaria: Boyko Gerginov (Partner, M&A), Kalin Bonev (Senior Associate, M&A)
CERHA HEMPEL
With offices in Austria, Bulgaria, Czech Republic, Hungary, Romania, Slovakia and now in Slovenia, CERHA HEMPEL is one of Austria's largest and most renowned law firms. For more than nine decades, CERHA HEMPEL has been developing creative and groundbreaking solutions for its clients, as well as providing them with a personal service and expertise in the following areas: antitrust and competition, banking and finance, capital markets, corporate law, data protection and IT, distribution, employment law, insolvency and restructuring, IP and unfair competition, litigation and arbitration, mergers and acquisitions, private clients and trusts, private equity and venture capital, public commercial and European law, real estate and construction, tax law, and white collar crime.
CERHA HEMPEL has won numerous awards and is a member of Lex Mundi – The World’s Leading Association of Independent Law Firms.
