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CMS and DLA Piper Advise on Ecosio's Sale to Vertex

Austria
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CMS has advised Ecosio on its sale to Vertex. DLA Piper advised Vertex.

According to CMS, "the acquisition includes an upfront cash payment of USD 69 million as well as a targeted earn-out of USD 76 million in cash and USD 35 million of Vertex shares, based on Ecosio achieving certain financial performance targets over the next three years, subject to adjustments pursuant to the terms of the purchase agreement."

Ecosio is a B2B integration company based in Vienna specializing in electronic data interchange and electronic invoicing.

Vertex is a provider of tax technology software.

The CMS team included Partner Clemens Grossmayer and Attorney at Law Christoph Birner.

The DLA Piper team included Vienna-based Partners Maria Doralt, Sabine Fehringer, and Marc Lager and Senior Associates Daniel Schmidt and Roman Abu Salekh as well as further team members in the USA.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.