Press release |


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


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Experts

Uwe_Wellmann_Experte_BEITEN_BURKHARDT

Uwe Wellmann

Rechtsanwalt, LL.B. DLS (London), Licensed Specialist for Intellectual Property Law

Partner

Christoph_Heinrich_Experte_BEITEN_BURKHARDT

Christoph Heinrich

Rechtsanwalt

Partner

Dr. Mario_Weichel_Experte_BEITEN_BURKHARDT

Dr Mario Weichel

Rechtsanwalt

Partner

Cathleen_Laitenberger_Experte_BEITEN_BURKHARDT

Cathleen Laitenberger

Rechtsanwältin

Senior Associate

Anja_Fischer_Experte_BEITEN_BURKHARDT

Anja Fischer

Rechtsanwältin, MBA

Partner

Katrin_Lüdtke_Experte_BEITEN_BURKHARDT

Katrin Lüdtke

Rechtsanwältin, Licensed Specialist for Administrative Law

Partner

Philipp Früh_Experte_ADVANT Beiten

Philipp Früh

Rechtsanwalt

Associate

Christian_Hess_Experte_BEITEN_BURKHARDT

Christian Hess

Rechtsanwalt, LL.M. (Stellenbosch University), Licensed Specialist for Intellectual Property Law

Partner

Michael_Ziegler_Experte_BEITEN_BURKHARDT

Michael Ziegler

Rechtsanwalt, LL.M.

Partner

Petra_Fendt_Experte_BEITEN_BURKHARDT

Petra Fendt

Rechtsanwältin

Partner

Chiara-Lucia Peterhammer_Experte_ADVANT Beiten

Chiara-Lucia Peterhammer

Rechtsanwältin

Associate

Experte_Nima Valadkhani_ADVANT Beiten

Nima Valadkhani

Rechtsanwalt

Senior Associate

  • Berlin

  • T + 49 30 26471 – 181

Wolf J._Reuter_Experte_BEITEN_BURKHARDT

Wolf J. Reuter

Rechtsanwalt, LL.M., Licensed Specialist for Labour Law

Partner

Ariane Loof_Expertin_ADVANT Beiten

Dr Ariane Loof

Rechtsanwältin

Partner

Maximilian Matusewicz_Experte_ADVANT Beiten

Maximilian Matusewicz

Rechtsanwalt

Associate