Herbst Kinsky has advised its long-standing client NEOH AG Group on its group restructuring in the sense of a contribution of shares to NEOH AG in exchange for shares in the context of a capital increase. The transaction was based on an equivalent value of almost EUR 37 million.

Following the cross-border M&A deal with NEOH USA almost a year ago, which was also advised by Herbst Kinsky, the next corporate reorganisation between Alpha Republic GmbH and NEOH AG has taken place.

The food start-up NEOH with the sugar-free chocolate bar, behind which Alpha Republic GmbH stands, is one of the best-known start-ups in Austria and brings together well-known investors such as Biogena, tennis pro Dominik Thiem and the Austrian rapper RAF Camora.

The Herbst Kinsky team was led on this transaction by partner Johannes Frank with support from Christoph Renner.