Under the lead of Cologne-based partner Dr Thomas Lange, GÖRG provided legal advice to DRS Investment SE (‘DRS’) on the acquisition financing for the purchase of Aurena GmbH (‘Aurena’). DRS will become the new majority owner.

DRS is a private investment company focusing on software and technology-based service companies. Founded in 2017, DRS actively supports its portfolio companies in their long-term development and, with the help of international institutional investors, is increasingly investing in scalable service platforms.

Aurena is Austria's leading auction service provider for large-volume asset liquidations, auctioning used goods from insolvencies, business closures, estates or clearance sales on its platform of the same name. Currently, more than 180 employees work for the Styrian-based company, which was founded in 2012.

DRS is acquiring a majority stake as part of the acquisition. In cooperation with Aurena, DRS intends to accelerate growth and, above all, drive expansion in Germany – both organically and through complementary acquisitions. With this buy-and-build strategy, DRS is now expanding its portfolio to include a key digital market player.

Aurena founder Karl Kühberger will remain as a minority shareholder and managing director.

A joint team from GÖRG and Greenlake Legal (for the Austrian aspects of the transaction) provided DRS with comprehensive advice on structuring and implementing the acquisition financing.
 

Advisors DRS Investment SE

GÖRG Partnerschaft von Rechtsanwälten mbB
Dr Thomas Lange (Lead, Partner, Financing, Cologne)
Dr Adalbert Rödding, LL.M. (Partner, Tax Law, Cologne) 
Julia Restani, LL.M. (Senior Associate, Financing, Frankfurt am Main)
Nele Motzek (Senior Associate, Financing, Cologne)
Jannik Gesekus (Associate, Financing, Cologne)