Re-emerging markets - Austria's firms are showing renewed interest in the CEE market
As the CEE region begins to show signs of recovery, Austrian firms may once again be analysing how to position themselves to best capture more of the emerging work. Austrian firms that last year took a hit through their presence in the wider region are starting to feel the benefits once more. Of the most recent Austrian deals to hit the headlines - and there have been a few - a notable majority have included a primary or secondary CEE aspect, including Apax's €1.3bn (£1.1bn) January buyout of clothing retailer Takko from Advent International, which saw leading CEE duo Wolf Theiss and Schoenherr act for Apax and Advent respectively. Both firms have offices throughout the CEE and have long positioned themselves as regional, not Austrian, firms.
Austrian law firms are showing renewed interest in the previously floundering CEE market, says Caroline Hill
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