Deals & Cases
MLL Legal advises EIM Group regarding the acquisition of Magnalia Group
MLL Legal is proud to have been able to advise the EIM Group as lead legal counsel with regard to the full acquisition of Magnalia Group, a group of specialised interim management providers, operating under the brands of GroNova and Management Angels in Switzerland, Germany and Austria. The transaction closed on 12th October 2023.
Created in 1989, EIM was the pioneer of executive interim management and has a complete offer of both business and organizational solutions for transformational situations. EIM’s team nurtures a global community of some 35,000 experienced senior executives to deliver solutions covering various business situations such as project management, process improvement, restructuring, performance improvement and business transformation. The Magnalia Group is a large and important player in the DACH area with more than 2,500 personally known and highly qualified interim managers, experts and specialists. The acquisition of Magnalia Group is an important step towards EIM Group establishing clear market leadership in the DACH area and a first strategic step in EIM’s buy-and-build strategy.
MLL Legal has advised EIM Group on all Swiss legal and tax aspects of the transaction, including also an acquisition financing, and was acting as lead counsel to RITTERSHAUS Rechtsanwälte Partmb B, Mannheim, and FALK GmbH & Co KG, Heidelberg, who were in charge for all German legal and tax aspects. Mazars was acting as financial advisor to EIM Group.
The MLL Legal – team was led by partners Mark Montanari (Corporate & M&A, Zurich) and Nicola Benz (ICT & Digital, / IP, Zurich) and further consisted of partner Karin Oberlin (Banking & Financing, Zurich), senior associate David Peter (Employment Law & Social Security, Zurich), associate Dragan Djukic (Tax, Zurich), associate and notary public Karim Steiner (Corporate & M&A, Zug), and legal employee Tania Mengeu (Corporate & M&A, Zurich).