Noerr has advised VARO Energy on its acquisition of the business of the insolvent Schneider Mineralöl Meißen Group. The Swiss corporation, whose shareholders include Reggeborgh, The Carlyle Group and Vitol, is using this strategic acquisition to further expand its retail and direct sales activities in Germany.
The Schneider Mineralöl Meißen Group operates a total of eight petrol retail outlets with shops and 145 fleet card filling stations across Germany and has a customer base of more than 26,000. The company filed for insolvency two months ago. The VARO Group – whose core business segments include refining, storage and marketing of oil products – expects the purchase to bring synergy effects for its activities in Germany. VARO holds 45 per cent in the Bayernoil refinery and maintains a network of terminals in Germany.
The antitrust authorities still have to approve the transaction.
Advisors to VARO Energy: Noerr LLP
Dominik Rompza (Berlin), Dr Christoph Spiering (Hamburg, both Corporate, joint lead), Dr Thomas Hoffmann (Frankfurt/Berlin), Marlies Raschke (Dresden, both Restructuring), Dr Stefan Schwab (Employment, Berlin), Christoph Brenzinger, David Zafra Carollo (both Real Estate, Düsseldorf), Dr Michael Bergmann (Antitrust, Berlin), Dr Martin Geipel (Berlin), Robert Matthes (Dresden, both Energy)
Associates: Johanna Valier (Corporate), Robert Pahlen (Antitrust, Berlin), Florian-Felix Marquardt (Tax, Berlin)
Insolvency administration: Olaf Seidel (Wolff Rapp Rechtsanwälte), Ralf Hage (VOIGT SALUS. Rechtsanwälte und Steuerberater PartG mbB) and Dr Helmut Schwarz (CADMUS Partnerschaftsgesellschaft)
The vendor was assisted by hww hermann wienberg wilhelm Insolvenzverwalter Partnerschaft during the transaction: Dr Robert Tobias (partner), Werner Warthorst (managing director), Merlin Smeenk (consultant)
May 12, 2017
Noerr advises VARO Energy on strategic takeover in Germany
Noerr has advised VARO Energy on its acquisition of the business of the insolvent Schneider Mineralöl Meißen Group. The Swiss corporation, whose shareholders include Reggeborgh, The Carlyle Group and Vitol, is using this strategic acquisition to further expand its retail and direct sales activities in Germany.
The Schneider Mineralöl Meißen Group operates a total of eight petrol retail outlets with shops and 145 fleet card filling stations across Germany and has a customer base of more than 26,000. The company filed for insolvency two months ago. The VARO Group – whose core business segments include refining, storage and marketing of oil products – expects the purchase to bring synergy effects for its activities in Germany. VARO holds 45 per cent in the Bayernoil refinery and maintains a network of terminals in Germany.
The antitrust authorities still have to approve the transaction.
Advisors to VARO Energy: Noerr LLP
Dominik Rompza (Berlin), Dr Christoph Spiering (Hamburg, both Corporate, joint lead), Dr Thomas Hoffmann (Frankfurt/Berlin), Marlies Raschke (Dresden, both Restructuring), Dr Stefan Schwab (Employment, Berlin), Christoph Brenzinger, David Zafra Carollo (both Real Estate, Düsseldorf), Dr Michael Bergmann (Antitrust, Berlin), Dr Martin Geipel (Berlin), Robert Matthes (Dresden, both Energy)
Associates: Johanna Valier (Corporate), Robert Pahlen (Antitrust, Berlin), Florian-Felix Marquardt (Tax, Berlin)
Insolvency administration: Olaf Seidel (Wolff Rapp Rechtsanwälte), Ralf Hage (VOIGT SALUS. Rechtsanwälte und Steuerberater PartG mbB) and Dr Helmut Schwarz (CADMUS Partnerschaftsgesellschaft)
The vendor was assisted by hww hermann wienberg wilhelm Insolvenzverwalter Partnerschaft during the transaction: Dr Robert Tobias (partner), Werner Warthorst (managing director), Merlin Smeenk (consultant)
