Baker McKenzie advised WH WEKA Holding GmbH, a portfolio company of Paragon Partners, on the sale of INFO-TECHNO Baudatenbank GmbH to Olmero AG, a subsidiary of the Byggfakta Group. INFO-TECHNO is the leading provider for the digital management of construction projects in Austria offering professional tendering and product databases.
The closing of the transaction is subject to regulatory approvals and is expected to be completed in the second half of 2021. The parties have agreed not to disclose the purchase price.
Paragon is one of the leading independent private equity firms in Europe with more than 1.2 billion euro of equity under management. Paragon works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries and currently comprises 14 companies. Paragon was founded in 2004 and is based in Munich, Germany.
WEKA was founded in 1973 as a specialist publishing company for administration and industry by Werner and Karin Mützel. Over the last decades, WEKA has developed into a diversified media group and has taken a leading market position by offering a wide range of specialist information across various formats. The Group has its headquarters in Kissing (Germany) and comprises 23 companies in Germany, Austria, Switzerland and France. It generates an annual turnover of around 250 euros million with a total of 1,500 employees. Paragon Partners acquired the WEKA Group last year.
With its online services AUSSCHREIBUNG.AT and BAUDATENBANK.AT, INFO-TECHNO Baudatenbank GmbH, headquartered in Mondsee, Austria, has been a professionally competent partner to the construction industry in Austria since 1992. With more than 29 years of experience in the development and marketing of digital offerings, INFO-TECHNO is a professional contact for decision-makers at companies and corporations in the Austrian construction industry.
The Corporate Practice Group of Baker McKenzie's Vienna office specializes in cross-border transactions and recently advised, among others, the Carinthian energy producer Kelag on the acquisition of small hydropower plants in France and Portugal from the German RWE Group, the private equity investor Apollo on its investment in the Sazka Group, Chr. Hansen Holding A/S on the acquisition of all shares in HSO Health Care GmbH and Dairyfem R&D GmbH from an Austrian investor group and Amplifier Game Invest on the acquisition of the newly founded Austrian game developer Rare Earth Games.
Legal advisor to WH WEKA Holding GmbH:
Corporate/M&A: Eva-Maria Ségur-Cabanac (partner, Vienna)
Corporate/M&A: Edmund Schuster, Clara Fercsak (both associate, Vienna)