On 12 May 2023, the majority shareholder Talents Squared Limited sold and transferred its 90% stake in Modul University Vienna to a subsidiary of the Hungarian Mathias Corvinus Collegium.
Modul University Vienna on Vienna's Kahlenberg has been in existence for 15 years and is an internationally recognised private university with versatile study programmes at Bachelor's, Master's and doctoral level. It offers 11 degree programmes in International Management, Sustainable Development, Applied Data Science, Tourism and Service Management for 1,100 students in Vienna and Nanjing (China).
CERHA HEMPEL advised the majority shareholder Talents Squared Limited on all legal aspects of the successfully completed transaction. The CERHA HEMPEL team consisted in Austria of Heinrich Foglar-Deinhardstein (Partner, Corporate/M&A), Mark Krenn (Partner, M&A/IP), Jakob Hartig (Partner, Corporate/M&A), Stefan Huber (Partner, University Law), Julian Feichtinger (Partner, Labour Law), Benjamin Twardosz (Partner, Tax Law), Bernhard Kofler-Senoner (Partner, Antitrust), Susanne Molitoris (Senior Counsel, Litigation), Michael Mayer (Counsel, Antitrust), Alina Alavi Kia (Attorney-at-Law, IP), Marko Vladic (Attorney-at-Law, M&A), Zakar Stepanyan (Attorney-at-Law, Antitrust) Fabian Kraft (Associate, Corporate/M&A) and Isabella Patt (Associate, Corporate/M&A) as well as in Hungary of Ilona Rónay-Csordás (Partner, M&A), Wilhelm Stettner (Partner, Corporate), Edina Nagy (Partner, Banking), and Magdolna Macsuga (Attorney-at-Law, Banking).
Suresh Sivagnanam, Owner Managing Director of Talents Squared Limited and former Managing Director of Modul University Vienna GmbH: „I thank my trusted legal counsel for their support and diligence throughout. Cerha Hempel has advised me from the initial acquisition of the university in 2020 until its sale today, demonstrating their expertise across sectors and jurisdictions in this complex transaction.“