Corporate – from GLNS

Employee participation is an important tool for many growth companies to involve employees in future success without having to pay high salaries immediately. With guidance of 28 May 2026, the Bavarian State Tax Office ("BayLfSt") has taken a position on how employee participation arrangements with a negative liquidation preference, i.e. so-called Hurdle Shares, are to be classified for wage tax purposes. For the first time, the tax administration now provides clarity on when the grant of such shares gives rise to employment income and how later proceeds are to be treated for tax purposes.

GLNS shapes the Enactus Legal Series and is actively involved in exchanges with students and the next generation of entrepreneurs.

With the Start Up Lounge, GLNS and the management consultancy boost4S have established a joint webcast and event series aimed at founders, investors, management and members of advisory boards. The aim of the series is to shed light on key legal and business issues facing start-ups and growth companies in a practical manner.

GLNS advised PCS PolymerCycle Solutions GmbH, a portfolio company of impact private equity fund Vidia Equity, in connection with the acquisition of Hoffmann u. Voss GmbH, a company specialized in plastics recycling that is based in Viersen (Germany).

Nagarro SE with its registered seat in Munich, Germany, has announced on 5 February 2025 a share buyback program to acquire treasury shares in a total volume of up to EUR 70 million. Listed and included in the SDAX and TecDAX, Nagarro SE is a leading global IT service provider in the areas of digital product development, digital commerce and customer experience, Big Data and AI services as well as consulting on latest generation ERP and managed services.

GLNS has advised the bidder Linus Holding GmbH and the private investor standing behind the bidder, Philipp Horsthemke, in connection with the mandatory takeover offer and delisting offer to the shareholders of Linus Digital Finance AG, Berlin (“Linus”).

GLNS advises CPTx GmbH in connection with USD 29 million funding by a group of diverse private and public investors.

GLNS advised impact private equity fund Vidia Equity on the acquisition of Best Plastic Management GmbH (BPM), a leading company in plastic recycling. BPM currently processes around 20,000 tons of post-industrial plastic waste per year – with Vidia’s support, this capacity is set to increase to up to 60,000 tons. The expansion will result in significant CO₂ savings and make a substantial contribution to the transition toward a net-zero economy. GLNS provided comprehensive advice to Vidia on this transaction with a team led by Georg Lindner, Dr. Patrick Droese, Dr. Anselm Lenhard, Philip Büchler and Nicholas Schildhauer.

GLNS advises PolymerCycle GmbH, a portfolio company of impact private equity fund Vidia Equity, in connection with the acquisition of a leading plastics recycling and secondary raw materials trading group including PB Solutions GmbH and ATP Service & Consulting GmbH.