Following the sale of various divisions, the Canadian GLV Inc. has been renamed Ovivo and is now a company entirely dedicated to providing water treatment products and solutions. Ovivo Inc. is listed on the Toronto Stock Exchange.
In this context, CHSH advised Ovivo Inc. on a series of 3 different – though related – M&A-transactions, all of which could be successfully completed:
• the sale of the Aqua Engineering business in the Eastern Europe Region to a UAE based company,
• the sale of the Aqua Engineering business in the North African Region to Ginzler-Stahl und Anlagenbau GmbH, a leading Austrian equipment manufacturer, and
• the sale of Ovivo’s German subsidiary Van der Molen GmbH, an equipment manufacturer for the beverage industry, which has offices in Germany and Brazil, to Radial Capital Partners (RCP), a Munich based venture capital investor.
The series of related transactions comprised several corporate reorganisation measures including de-mergers of business operations and participations as well as a complex licensing structure of intellectual property rights, which represented valuable assets of the transactions. Linking the various reorganisation steps which were being implemented simultaneously proved a particular challenge.
Ovivo Inc. was advised by CHSH partners Heinrich Foglar-Deinhardstein (Corporate, M&A) and Mark Krenn (M&A, IP).