Nordwind Capital and Value Management Services Take Over Cosmos
Milbank Advises Nordwind Capital Entering the Consumer Electronics Market in Austria
Munich, 15 September 2006. Nordwind Capital, a German Private Equity firm and Value Management Services (VMS), an Austrian Private Equity firm, each took over 50% of Cosmos, an Austrian consumer electronics retail chain. In connection with this transaction, VMS contributed its 100% ownership in Nied-ermeyer, another Austrian electronics retailer, into the joint holding of Nordwind Capital and VMS, thus creating one of the biggest consumer electronics retail chains in Austria. Milbank, Tweed, Hadley & McCloy LLP was the legal advisor for Nordwind Capital. The seamless and timely organization and coordination of this transaction were crucial as the acquisition of Cosmos and the contribution of Niedermeyer into the joint holding of Nordwind Capital and VMS had to be completed simultaneously.
The Milbank team representing Nordwind Capital included: Dr. Rolf Füger (Partner, Tax), Peter Memminger (Associate, M&A) and Dr. Matthias Schell (Associate, Tax) – all Munich as well as Andrew Walker (Partner, Tax), New York.
Milbank Tweed has advised Nordwind Capital on a number of transactions in the past.
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a preeminent global law firm that for more than 140 years has provided innovative legal solutions in many of the world’s largest, most complex, “first-ever” corporate transactions and litigation. Our transactional expertise includes capital markets, corporate finance and transactions, project finance, acquisition finance, and other major fields of law practice. Milbank litigation teams resolve disputes involving mergers and acquisitions, proxy battles, financings and securities offerings, intellectual property, white collar crime, and corporate restructurings, among others. Our clients range from prominent multinational financial, industrial and commercial enterprises to governments, institutions and individuals. The Firm is headquartered in New York, with offices in Los Angeles, Washington, DC, London, Frankfurt, Munich, Tokyo, Hong Kong, Singapore and Beijing.
Milbank set up its first European office in London in 1979. The firm´s German offices were opened in Frankfurt in 2001 and in Munich in 2004. Milbank´s European presence has more than doubled in the last two years with growing practices in capital markets, corporate, finance, private equity, outsourcing and litigation. By combining the skill and experience of the lawyers in Milbank´s German offices with that of the finance, corporate and tax lawyers based in other Milbank offices, in particular London and New York, Milbank Germany offers its clients fully integrated legal advice at the highest level in these core areas under German, English and US law.