Baker McKenzie has advised Sika, a manufacturer of speciality chemicals, on its acquisition of Prague-based KVK Holding from private equity firm Arx Equity Partners. White & Case advised the sellers on the deal.
According to Baker McKenzie "Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and automotive industry. Sika has subsidiaries in 99 countries around the world and manufactures in over 190 factories. Its more than 17,000 employees generated annual sales of CHF 5.75 billion in 2016."
KVK is a prominent manufacturer of waterproofing and roofing systems and mortar products with 2016 revenues of EUR 40 million. The company operates six production sites in the Czech Republic: three for the manufacture of mortar products, two for bituminous membranes, and one for expanded polystyrene insulation.
The Baker McKenzie team advising Sika was led by Prague-based Partner Tomas Skoumal and consisted of Prague-based Partner Pavel Fekar, Associate Michal Simcina, and several junior associates.
The White & Case team advising Arx Equity Partners was led by Partner Jan Andrusko and included Associates Jan Stejskal, Jan Jakoubek, and Veronika Merjava.