ADVANT Beiten Advises Wienerberger on acquiring significant part of French Terreal Group’s business

Berlin, 11 January 2023 – The international law firm ADVANT Beiten advises the leading international manufacturer of building materials and infrastructure solutions, Wienerberger AG, on acquiring major business units of the Terreal Group, a France-based provider of roofing and solar solutions. The acquisition involves the Terreal businesses in France, Italy, Spain and the USA as well as the Creaton business in Germany.

The Terreal businesses to be acquired by Wienerberger are expected to generate revenues of EUR 740 million and a run-rate EBITDA of approx. EUR 100 million in 2022. The enterprise value of the respective Terreal businesses amounts to EUR 600 million, subject to customary adjustments. The acquisition agreement was signed at the end of December, marking the start of the exclusive negotiation phase. The closing is expected to occur in the course of 2023.

The merger control part of the transaction is led by ADVANT Beiten partners Uwe Wellmann and Christoph Heinrich who are jointly responsible for German merger control and coordinate a team of law firms in various jurisdictions. Cross-border merger control advice is provided in cooperation with, inter alia, ADVANT Altana in France, Binder Grösswang in Austria, Woźniak Legal in Poland and Radovanović Stojanović & Partners in Southeastern Europe.

The M&A work stream was led by E+H (Vienna, Graz). ADVANT Beiten partner Dr. Mario Weichel took over its German part and together with a multidisciplinary team performed the legal due diligence on the Creaton business. ADVANT Altana was responsible for the French due diligence.

Advisers to Wienerberger:

ADVANT Beiten: Uwe Wellmann (Berlin) and Christoph Heinrich (both lead partners, both Competition law), Dr Mario Weichel, Maximilian Matusewicz (both Corporate/M&A), Cathleen Laitenberger (Competition Law), Anja Fischer (Real Estate), Katrin Lüdtke and Philipp Früh (both Public Law), Christian Hess (IP), Michael Ziegler and Petra Fendt (Finance), Chiara Peterhammer (Commercial, all Munich), Nima Valadkhani (Commercial), Wolf J. Reuter (Employment Law) and Dr Ariane Loof (Data Protection, all Berlin).

Media Contact

Frauke Reuther

Manager Kommunikation

ADVANT Beiten

+49 (69) 75 60 95 - 570

frauke.reuther@advant-beiten.com

Uwe Wellmann

Lawyer

ADVANT Beiten

+49 30 26471-243

uwe.wellmann@advant-beiten.com