Internationale Rankings in Kapitalmarktrecht

"Dorda Brugger Jordis is renowned for its capital markets practice and respected amongst its peers: 'Dorda is definitely tier one,' says one. Clients highlighted the three main partners in the practice: 'Christoph [Brogyányi] is the most experienced and is really involved in the transactions and knows the papers, knows the issues. Andreas Mayr is more the relationship guy, so plays the senior role. Tibor Varga is also a hands-on guy,' says one client, adding that: 'All three are very knowledgeable.' Peers also praised Varga, with one pointing out that 'he does not make small things a big issue'. In March 2011 Mayr and Brogyányi advised Intercell on the issue of €82.5 million 6% convertible notes due in 2014. The deal was one of the first of its type in Austria and features include the right of holders to activate two increase options of €33 million and €16.5 million; the exclusion of statutory subscription rights with the placement of the notes; and a provision to allow the issuer to repay both the principal and the interest with shares. Another highlight saw Varga – who clients praise for being, 'a seasoned practitioner,' and 'very responsive and very practical,' – act for long-standing client Egger Holzwerkstoffe on the €200 million issue of senior notes in March 2011. The firm has advised the European wood processing company on its two previous notes issuances. In November 2010 the team finalised two more notable transactions. The first saw Brogyányi, Varga and Paul Doralt advise Brazilian based Odebrecht Drilling Norbe (a subsidiary of Odebrecht Oil & Gas) on a $1.5 billion project bond issuance, under US Rule 144A/Reg S. The capital raised was used to purchase two Austrian deep-sea offshore drill ships which were later chartered to Petrobas. The second saw Varga advise website Kapsch Traffic on a €75 million corporate bond used to finance the acquisition of US and Canadian based Mark IV IVHS. One notable deal which did not reach close saw the firm act for Isovoltaic, a producer of solar panels, as the issuer on what would have been only the country's second IPO since 2007. The deal was pulled at a late stage due to pricing issues. Competitors praise the team for its hands on approach: 'You never see associates there. It's the role Christoph plays as he is always really involved in the deals,' says one." (IFLR1000, 2012-Ausgabe)

"This reputable four-partner team 'proactively combines careful legal analysis with commercial thinking,' note clients. It handles large deals and offers advice on a wide variety of capital markets issues, including convertible bonds, rights offerings and structured instruments. Its strong ties with Austrian and international investment banks ensure an impressive flow of cross-border transactions, such as the EUR4 billion capital increase of UniCredit, where it represented the Austrian underwriters. The lawyers also advised underwriters JPMorgan and Goldman Sachs on the EUR1.65 billion rights offering of Erste Group Bank. Seasoned practitioner Andreas Mayr is 'the firm’s leading light,' say sources. 'He has a strong market share and has led a great many transactions.' Clients praise Christoph Brogyanyi for his 'commercially balanced views and excellent, hands-on approach.' He specialises in equity work, drawing on his knowledge of corporate law, and leads the team together with Mayr. Tibor Varga has a strong background in banking and is highly regarded for debt capital markets work. Another key player is Andreas Zahradnik, who is held in high esteem for his private equity and regulatory endeavours." (Chambers Europe, 2012-Ausgabe)

"Dorda Brugger Jordis ‘gives high-quality advice applying international standards’. The team was kept busy with corporate bond issuances for issuers and underwriters, and recently advised Intercell on the €33m issuance of convertible notes with two increase options. The team also represented a syndicate of international banks including Nomura and Goldman Sachs as initial purchasers and arrangers on the purchase of €375m of high yield bonds relating a bond issuance and parallel bank finance deal for the acquisition of Hyva group by a private equity investor. Andreas Mayr heads the team, which also features the ‘highly responsive’ Christoph Brogyànyi." (Legal 500, 2012-Ausgabe)

"A household name in the Austrian market, this firm maintains strong ties with investment banks as well as big-name issuers. It has an experienced team in place to support its demanding clients. The group advised Intercell on a complex convertible bonds issue, valued at EUR82.5 million in total, and handled a USD1.5 billion project bond offering on behalf of Odebrecht Oil & Gas. Department head Andreas Mayr is one of the best-known names for equity capital markets work. 'He is experienced and pragmatic; he's always reachable and he knows the technical details,' clients say. Christoph Brogyanyi couples transactional experience with regulatory expertise, and is noted for his depth of knowledge. 'When it comes to the nuts and bolts of a deal, Brogyanyi's your man,' sources say. Tibor Varga specialises in debt capital markets, and was transaction counsel to Kapsch TrafficCom, Erste Group Bank and Raiffeisen Bank International on a EUR75 million corporate bond issuance. Clients are particularly impressed with his drafting skills. Best known for his banking work, Andreas Zahradnik brings his profound regulatory expertise to the capital markets practice." (Chambers Global, 2012-Ausgabe)

DORDA BRUGGER JORDIS is "Leading for Capital markets in Austria". (PLC Which lawyer, 2011-Ausgabe)

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