Capital markets in Austria

Binder Grösswang

The capital markets team at Binder Grösswang is well-placed to handle the full range of transactions and related matters, with a strong focus on international and regulatory mandates. Florian Khol co-heads the team and is a key contact for cross-border transactions. Fellow co-head Stephan Heckenthaler is dual Austrian and New York-qualified and is adept in both equity and debt transactions. Stefan Frank also forms part of the leadership group and has extensive experience across DCM and funds matters. Philipp Tagwerker is recommended for his expertise in green and sustainable bonds.

Responsables de la pratique:

Florian Khol; Stephan Heckenthaler; Stefan Frank


Autres avocats clés:

Philipp Tagwerker


Les références

‘Absolutely results-driven while always seeing the big picture.’

‘Florian Khol is a trusted advisor regardless of the situation or urgency. Always calm and reflective.’

Principaux clients

Lenzing AG


Rosenbauer


VERBUND


Steyr Motors AG/Mutares SE & Co. KGaA


Bank für Tirol und Vorarlberg Aktiengesellschaft


Erste Group Bank AG


Hypo-Wohnbaubank AG


Allgemeine Sparkasse Oberösterreich AG/Bausparkasse der österreichischen Sparkassen AG/Bank für Tirol und Vorarlberg AG/Kommunalkredit Austria AG


Raiffeisen Bank International AG/Raiffeisenlandesbank Niederösterreich-Wien AG


HYPO NOE Landesbank für Niederösterreich und Wien AG


Rosenbauer International AG/Semperit AG Holding/DO&CO Aktiengesellschaft/Mayr Melnhof Karton AG/Bank für Tirol und Vorarlberg Aktiengesellschaft/BKS Bank AG/Lenzing AG/Österreichische Bundesbahnen-Holding Aktiengesellschaft


Deutsche Bank AG/Raiffeisen Bank International AG/JP Morgan SE/Morgan Stanley Europe SE/Erste Group Bank AG/Crédit Agricole Corporate and Investment Bank/DZ BANK AG/HSBC Continental Europe/UniCredit Bank


UniCredit Bank Austria AG


BKS Bank AG


Volksbank Wien AG


Austrian Anadi Bank AG


Principaux dossiers


  • Advised Lenzing AG on a €500m hybrid bond issuance.
  • Advised Rosenbauer International AG on the entry of a new investor.
  • Advised Steyr Motors AG on its IPO on the Frankfurt Stock Exchange.

Cerha Hempel

Cerha Hempel is notable for its expertise in both capital market regulations and transactions. Under the leadership of Volker Glas, Peter Knobl and Thomas Zivny, the banking and corporate finance team has extensive experience across an array of matters from green bonds and sustainability-linked syndicated loans to representing banks in administrative penalty proceedings before the FMA. Glas oversees corporate finance transactions while Zivny handles project finance and sustainable finance matters. Knobl heads up the firm’s banking, insurance supervision and capital markets regulatory offering. Christian Aichinger advises on acquisition financing matters. Oliver Völkel rejoined the team in April 2025 from STADLER PARTNER Rechtsanwälte GmbH.

Responsables de la pratique:

Volker Glas; Peter Knobl; Thomas Zivny


Autres avocats clés:

Christian Aichinger; Oliver Völkel


Les références

‘I like working with Thomas Zivny who is always very responsive and client-minded.’

‘They are good.’

Principaux clients

voestalpine AG


Erste Bank Group


Kommunalkredit


Vienna Insurance Group


ING Bank N.V./ING Groep N.V./ING Bank N.V. Sydney Branch


Raiffeisenlandesbank Niederösterreich Wien AG


CA Immobilien Anlagen AG


Deutsche Telekom AG


J.P Morgan SE


MFS Investment Management


Oddo BHF


Principaux dossiers


  • Advised voestalpine AG on the issue of its first green corporate bond.
  • Advised Vienna Insurance Group on tender offers for its outstanding €214.4m subordinated notes due 2046 and its €200m subordinated notes due 2047.
  • Advised Kommunalkredit Austria on its first tier 2 issuance, valued at €150m.

Schoenherr (Schönherr Rechtsanwälte)

Schoenherr (Schönherr Rechtsanwälte) is well-equipped to handle the full spectrum of capital markets transactions, including equity, debt, regulatory capital and high-yield transactions, as well as related compliance issues. The team is headed up by Ursula Rath and Christoph Moser; Rath advises issuers and investors on international and domestic transactions such as IPOs, secondary offerings, and liability management transactions. Moser’s practice encompasses advice on IPOs, rights issues, convertible and secured bond issuances. Angelika Fischer specialises in both DCM and ECM transactions, as well as compliance matters. Debt finance specialist Attila Csongrády, admitted in New York and England & Wales, joined the team in September 2025 from A&O Shearman‘s Bratislava office.

Responsables de la pratique:

Ursula Rath; Christoph Moser


Autres avocats clés:

Angelika Fischer; Attila Csongrády


Les références

This is the Austrian capital markets team with the deepest bench, covering several capital markets products with top quality.’

‘Leading practice in Austria and very strong network all over eastern and south eastern Europe.’

‘I like to work with Ursula Rath.’

Principaux clients

ASFINAG AG


Barclays Bank Ireland


BAWAG Group


BAWAG P.S.K. Bank für Arbeit und Wirtschaft Österreichische Postsparkasse


Bayerische Landesbank


BKS Bank


BNY Mellon


BofA Securities Europe


Commerzbank


Crédit Agricole


DekaBank


Deutsche Bank


DZ BANK


Erste Group Bank


Goldman Sachs Bank Europe


ING Bank


J.P. Morgan


Marinomed AG


Morgan Stanley


NOVOMATIC


OMV


Raiffeisen Bank International


Scotiabank


UNIQA Insurance Group AG


UniCredit Bank


Wienerberger


Wolf Theiss Rechtsanwälte GmbH & Co KG

Claus Schneider is at the helm at Wolf Theiss Rechtsanwälte GmbH & Co KG, and the firm is recognised for its abilities across DCM transactions, green bonds and regulatory issues. Schneider himself specialises in structured finance and other complex capital markets transactions. Richard Wolf is a key contact for cross-border transactions, while Christine Siegel caters to both Austrian and international clients on a range of regulatory matters. Nikolaus Dinhof-Renezeder is an expert in bond and other DCM transactions, offering advice on issuances, covered and registered bonds and promissory notes. Sebastian Prakljacic also specialises in bond issuances and has particular knowledge of both the Austrian and CEE markets.

Responsables de la pratique:

Claus Schneider


Autres avocats clés:

Richard Wolf; Christine Siegl; Nikolaus Dinhof-Renezeder; Sebastian Prakljacic


Les références

‘The Wolf Theiss capital markets team stands out for its excellent expertise, responsiveness and ability to provide practical, business-oriented solutions.’

‘What makes this practice unique is its deep understanding of local and international regulatory frameworks combined with a proactive approach to complex transactions. The team demonstrated outstanding collaboration across jurisdictions.’

‘The individuals I have worked with at Wolf Theiss have consistently impressed me with their professionalism and hands-on approach. I strongly value their clear communication, availability and willingness to go extra mile.’

Principaux clients

Volksbank Wien AG


Raiffeisen Bank International AG


JPMorgan Chase & Co.


OTP banka d.d.


Slovenská sporiteľňa


Česká spořitelna


Erste Bank Hungary No


Erste Group Bank AG


Banca Comerciala Romana


Erste & Steiermärkische Bank d.d.


International Finance Corporation


HYPO NOE Landesbank für Niederösterreich und Wien AG


Deutsche Bank AG


bank99 AG


Principaux dossiers


  • Advised Supernova Invest GmbH on its issuance of €550m 5.000% senior notes due 2030.
  • Advised BNP Paribas, Erste Group AG, HSBC, ING and UniCredit in their role as dealer managers on the tender offer by Vienna Insurance Group AG for its €400m subordinated notes due 2nd March 2046 and €200m subordinated notes due 13th April 2047.
  • Advised bank99 AG as issuer counsel with regard to the establishment of its debt issuance programme.

bpv Hügel

bpv Hügel’s capital markets offering encompasses expertise across regulatory issues and cross-border matters, routinely advising on share acquisitions, stock exchange compliance and ECM transactions. Christoph Nauer, who leads the group, has extensive experience representing both international and domestic blue chip companies in an array of equity-linked transactions. He is supported by corporate tax expert Roland Juill, who was made partner in February 2026.

Responsables de la pratique:

Christoph Nauer


Autres avocats clés:

Roland Juill


Les références

‘The capital markets team at bpv Hügel stands out as one of the most impressive groups I have worked with. What makes the practice unique is the perfect balance it strikes between deep technical expertise and a highly pragmatic, solutions-oriented approach.’

‘The lawyers are not only outstanding in their knowledge of complex regulatory and transactional matters, but also excel in anticipating clients’ needs and providing clear, commercially viable advice.’

‘Christoph Nauer is a very bright lawyer, a very strong negotiator, always calm, efficient and pragmatic, and with a standout commercial understanding. He is the lawyer we call first for the most complex transactions.’

Principaux clients

CPI Europe AG


STRABAG SE


RWA Raiffeisen Ware Austria AG


ams-OSRAM AG


Cerberus


CMC Markets


Raiffeisenlandesbank Niederösterreich-Wien AG


Valneva SE


Unternehmensgruppe Theo Müller


BP plc


Weilburg Family Office


CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH

Drawing on its international network, CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH is well-equipped to handle the gamut of capital markets transactions, such as IPOs, corporate bonds, debt issuance programmes and rights offerings, as well as related regulatory matters. Practice head Martin Zuffer caters to companies, banks and other financial institutions on a broad array of transactions, from national and international IPOs to bond issuances. Walter Gapp offers advice on issuance programmes as well as securitisation transactions. Philipp Mark is a key port of call for corporate and regulatory issues.

Responsables de la pratique:

Martin Zuffer


Autres avocats clés:

Walter Gapp; Philipp Mark


Les références

‘Philipp Mark is a hands-on lawyer who can help quickly and efficiently. He works in a very structured manner and can provide precise guidance immediately.’

‘CMS has a wide geographical reach and a broad approach to problem solving.’

‘The team has personal integrity and adopts individual approaches.’

Principaux clients

Intesa Sanpaolo


DZ Bank


TD Global Finance


Nykredit Bank


Crédit Agricole Corporate and Investment Bank


ZENITH ENERGY LTD


Breiteneder Immobilien Parking


EuroTeleSites


UniCredit Bank


ING Bank


Commerzbank


BofA Securities


ARTE Investment


Natixis


UBS AG


Goldman Sachs


Citigroup Global Markets Europe


Société Générale


Landesbank Baden-Württemberg


Danske Bank


Helaba


:be No


BayernLB


HSBC Continental Europe


Principaux dossiers


  • Advised A1 Towers Holding GmbH in connection with the issuance of its €255m 3.029% notes due 2025-26.
  • Advising Breiteneder Immobilien Parking Konzernfinanzierungs GmbH on the launch of a new debt issuance programme, its invitation to existing holders to exchange their notes issued in 2018 for the recently issued 4.875% notes due 2024-2030 and on the subsequent tap issue of the 4.875% notes due 2024-2030.
  • Advised a Vienna Stock Exchange-listed architecture group in connection with its going-private and de-listing of its shares from the Vienna MTF in April 2025.

DORDA Rechtsanwälte GmbH

DORDA Rechtsanwälte GmbH provides advice on a broad array of capital markets matters, including IPOs, SPOs, private placements and listings and de-listings, as well as on corporate, high-yield, convertible and exchangeable bonds. Christoph Brogyányi specialises in corporate and takeover law, while Andreas Mayr handles both ECM and DCM transactions and related regulatory matters. Alongside his capital markets practice, Tibor Varga’s expertise lies in financial restructurings and loan documentation. Andreas Zahradnik counts investment firms, domestic and international banks as well as private equity, venture capital and hedge funds amongst his clients. All four jointly lead the firm’s capital markets team.

Responsables de la pratique:

Christoph Brogyányi; Andreas Mayr; Tibor Varga; Andreas Zahradnik


Principaux clients

FRANKSTAHL Rohr- und Stahlhandelsgesellschaft


SC STEELCOIN GmbH


S Immo AG


Principaux dossiers


  • Advised S Immo AG in connection with a squeeze-out and subsequent delisting of shares from the Vienna Stock Exchange.
  • Advised FRANKSTAHL Rohr- und Stahlhandelsgesellschaft mbH and its wholly-owned subsidiary SC STEELCOIN GmbH in connection with the EEA-wide public offering of bearer securities called STEELCOIN ETP.
  • Acted as Austrian counsel to the initial purchasers, UniCredit Bank GmbH, Commerzbank, Erste Group, J.P. Morgan and Raiffeisen Bank International AG, of €500m deeply subordinated undated notes without maturity issued by Lenzing AG.

E+H Rechtsanwälte GmbH

E+H Rechtsanwälte GmbH is noted for its expertise in cross-border capital markets transactions. The team draws on talent from its corporate law M&A, banking and finance and restructuring groups to provide clients with wide ranging expertise in both equity and debt transactions. Christian Jöllinger’s diverse practice encompasses advice on securitisations, structured finance, portfolio transactions and regulatory issues. Dominik Juster and Philipp Schrader are also recommended, both have experience across capital markets, corporate and banking and finance. Peter Winkler spearheads the practice.

Responsables de la pratique:

Peter Winkler


Autres avocats clés:

Christian Jöllinger; Dominik Juster; Philipp Schrader


Les références

‘I worked with Christian Jöllinger: he has excellent knowledge, is economically minded, provides quick implementation, is creative in developing solutions and friendly in dealing with customers. Overall, we are very satisfied and had a very good cooperation.’

‘The team headed by Dominik Juster is particularly well-suited to assist on cross-practice group matters in the areas of M&A, restructuring and capital markets.’

‘Dominik Juster has broad expertise in the intertwined practices areas of M&A, restructuring and capital markets. His service level is exceptional, he is always on point, available to clients at any time and, first and foremost, a pleasure to work with.’

Principaux dossiers


  • Advised the initial purchasers on LD Celulose International GmbH’s €650m notes issuance.
  • Advised the initial purchasers on APCOA’s €685m senior secured notes issuance.

AKELA

AKELA caters to clients facing challenges across the Austrian capital markets infrastructure, from the Vienna Stock Exchange to the clearing house and the central securities depository. Martin Pichler and Michael Kollik jointly lead the practice. Pinchler’s expertise encompass capital markets, insurance and banking and he is particularly well-versed in regulatory and risk management matters. Kollik specialises in securities as well as banking and capital markets law.

Responsables de la pratique:

Martin Pichler; Michael Kollik


Les références

‘The team consists of highly skilled specialists with very deep knowledge of the Austrian capital markets.’

‘The people at AKELA are passionate about their work and enjoy what they do.’

‘Martin Pichler, Michael Kollik and the team are particularly outstanding members of this law firm. They all take a very practical and client-oriented approach, have a deep understanding of industry-relevant topics and issues, and are straightforward and available at short notice.’

Principaux clients

CMTA AG


OeKB CSD GmbH


Wiener Börse AG


EXAA Abwicklungsstelle für Energieprodukte AG


Sunrise Securities GmbH


Othis Technology FlexCo


KKA Partners


WhatAVenture Group


Venionaire Capital


TopTen, Zweigniederlassung der FiNUM Private Finance AG (Berlin)


Principaux dossiers


  • Advised CMTA AG on a €70m primary market issue by ČESKÁ EXPORTNÍ BANKA, A.S, in which CMTA handled the placement.

DLA Piper Weiss-Tessbach Rechtsanwälte GmbH

DLA Piper Weiss-Tessbach Rechtsanwälte GmbH is well-versed in the full spectrum of capital markets matters, from ECM and DCM transactions to regulatory issues and related corporate matters. Christian Temmel is at the helm and alongside his capital markets practice, he has extensive experience across corporate and M&A matters, as well as in matters relating to listed to securities and regulatory challenges.

Responsables de la pratique:

Christian Temmel


Autres avocats clés:

Christian Knauder


Les références

‘Good value for money is the best way to describe DLA Piper’s Austrian capital markets practice. Reliable team.’

‘Christian Temmel and key team member Christian Knauder always deliver on time, precisely, to the point.’

‘The team works seamlessly, and that is something we really appreciate. In addition, we appreciate that DLA Piper’s diversity policies correspond with our values.’

Principaux clients

UBM Development AG


PORR AG


Crédit Agricole Corporate & Investment Bank SA


Principaux dossiers


  • Advised UBM Development AG on the issuance of its first deeply subordinated green hybrid bond, with a volume of €65m.
  • Advised PORR AG on an accelerated private placement of shares with international institutional investors.
  • Advised the underwriters’ counsel, Crédit Agricole Corporate and Investment Bank, UniCredit, Raiffeisen Bank International, Erste Group and Banco Santander, on the placement of a €500m green bond issued by voestalpine.

DSC Doralt Seist Csoklich Rechtsanwälte GmbH

The capital markets and finance team at DSC Doralt Seist Csoklich Rechtsanwälte GmbH is well-equipped to handle the full gamut of capital markets transactions and related regulatory, corporate governance and contentious matters. Skilled litigator Christoph Diregger heads up the practice and excels in public takeovers, bond issuances and compliance matters.

Responsables de la pratique:

Christoph Diregger


Les références

‘An outstanding capital markets team lead by Christoph Diregger, in particular regarding public M&A but also on all other aspects of capital markets law.’

‘Christoph Diregger stands out as a star lawyer.’

‘Christoph Diregger and his team are very experienced, find pragmatic solutions for the most difficult cases and can always be reached.’

Principaux clients

Wiener Stadthäuser One Immobilien GmbH


BAWAG Group AG


CA Immobilien Anlagen AG


Ottakringer Holding AG


Wiener Privatbank SE


Principaux dossiers


  • Advised Wiener Stadthäuser One Immobilien GmbH on the issuance of a corporate bond in the amount of up to €8m.
  • Advised the main shareholder of formerly stock exchange-listed Ottakringer Getränke AG on a squeeze-out of minority shareholders.
  • Advised a real estate company on a multimillion Euro share buyback programme.

Herbst Kinsky Rechtsanwalte GmbH

The capital markets team at Herbst Kinsky Rechtsanwalte GmbH excels in a range of capital markets and related matters, routinely handling public offerings and takeovers as well as alternative financial offerings, SPOs and private placements. Under the leadership of Philipp Kinsky, the team is particularly well-regarded for its experience in sustainable finance, blockchain-based tokenisation and green bonds.

Responsables de la pratique:

Philipp Kinsky


Les références

‘Great expertise, tailored to the needs of the client!’

‘Philipp Kinsky: comprehensive understanding of industry, great network, excellent expertise.’

‘High competence in start-up financing and small/midcap M&A transactions.’

Principaux clients

Biogena GmbH & Co KG


UNIQA Österreich Versicherungen AG


xista science ventures II EuVECA GmbH & Co KG


dagobertinvest AG


Froots GmbH


NEOH AG/Alpha Republic GmbH


RTS Regional TV Salzburg


Sparring Capital Management GmbH


TAUROS Capital Investment GmbH & Co KG


C&P Immobilien AG


Principaux dossiers


  • Advised UNIQA Österreich Versicherungen AG companies on capital measures concerning STRABAG, to reduce Rasperia’s shareholding to 24.1%, and filed a lawsuit to exercise pre-emption rights against Rasperia.
  • Acted as lead legal counsel to Biogena in connection with the preparation, structuring, and regulatory approval of four bond prospectuses, with a total issuance volume of €40m.

Müller Partner Rechtsanwälte

With expertise across capital markets, corporate and M&A matters, Müller Partner Rechtsanwälte is best known for its strengths in regulatory issues such as securities supervision law and stock exchange law. The team also routinely represents clients before the FMA, European Central Bank and Single Resolution Board. Compliance expert Gernot Wilfling leads the practice. Carl Walderdorff joined the firm in July 2025 from Herbst Kinsky Rechtsanwalte GmbH, adding capital markets and broader financing expertise.

Responsables de la pratique:

Gernot Wilfling


Autres avocats clés:

Carl Walderdorff


Les références

‘Deep specialisation, collaborative culture, and forward-thinking approach.’

‘They have a strong understanding of their clients’ industries.’

‘They deliver tailored, strategic advice that goes beyond compliance to support.’

Principaux clients

Frauenthal Holding AG


CMTA AG


Raiffeisen Bank International


Erste Group Bank AG


Sensus Pura Industries AG


EVN AG


Vaekstkapital Group


Sensus Pura Germany GmbH


EPH Group AG


JCT Group GmbH


Principaux dossiers


  • Supported EPH Group AG in the listing of their shares on the Vienna MTF of the Vienna Stock Exchange, and a two-digit-million Euro range strategic capital markets transaction.
  • Provided comprehensive legal advice to EPH Group AG on the issue of a bond of up to €50m, secured by a pledge of shares in subsidiaries and associated companies.
  • Advised a client on the public offering of a green bond and the listing of the bond on the Vienna ESG segment of the Vienna Stock Exchange.

Weber & Co. Attorneys-at-Law

Stefan Weber and Philipp Baubin head up the capital markets offering at Weber & Co. Attorneys-at-Law. The team has particular strengths across DCM and ECM transactions, as well as sustainable finance and related regulatory matters. Weber is an expert in both capital markets transactions and regulatory work, with deep knowledge of compliance and takeover law. Baubin has experience acting in both ECM and DCM transactions on the issuer side.

Responsables de la pratique:

Stefan Weber; Philipp Baubin


Principaux clients

Vienna Insurance Group


Suzano S.A./Suzano Austria GmbH


Wolford AG


American Tower Corporation


FACC AG


HSBC


UBS


Raiffeisen Bank International AG


Principaux dossiers


  • Advised Suzano in connection with its base prospectus and NY Stock Exchange registration as a framework for future bond issuances.
  • Advised Wolford AG in connection with its capital increase in 2025.
  • Advised SIG in connection with its claims under $625m senior convertible notes of electric car manufacturer Fisker Inc., including Austrian security agreements and restructuring advice.