Law Firm Alliance European Firms Collaborate for a Successful Business Sale
When Law Firm Alliance’s U.K. member firm Wallace LLP needed local counsel in Germany for a large international deal, its attorneys reached out to Law Firm Alliance partner Kleiner Rechtsanwalte to provide swift and effective results. Wallace was acting for its long established founder shareholder clients in the sale of a global provider of software for R&D businesses to a $20 billion U.S. company. During the sale process, it became apparent that the magnitude of the parties’ turnover meant that the sale would be subject to possible examination by the German Federal Cartel Office (Bundeskartellant). The matter required urgent attention, and a conference call between Wallace, Kleiner, the clients and corporate finance advisors took place within hours of the initial contact with Kleiner. Wallace and Kleiner worked closely with the acquiring company’s U.K., U.S. and German counsel to submit a fast track application to the Bundeskartellant and successfully obtained clearance to enable the sale to proceed on a timely basis.