Sylvie Sobolova and Christian Blatchford have been appointed Partners at Kocian Šolc Balastik.
On October 28, 2016, CEELM reported that P3, a leading pan-European owner, developer and manager of logistics properties, had announced that it had completed a EUR 1.4 billion long-term refinancing, arranged with a group of leading international financial institutions. We invited Katie Schoultz, the Group General Counsel at P3, to share her thoughts on the deal.
Randa Havel Legal provided Czech law advised to the American investment group Blackstone in connection with its sale of the Hilton Prague Old Town hotel and the adjoining Gestin Centrum building to M&L Hospitality Trust. Simpson Thacher & Bartlett was lead counsel to Blackstone on the deal, while M&L Hospitality was advised by Kinstellar.
In our new Marketing Marketing feature, introduced in this issue, we ask our law firm marketing and business development friends across CEE to share their experience and perspectives on their profession. The premier question is a simple one: If you had three more hours in the day at work, what one part of your job would you prioritize in that extra time?
In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.
Norton Rose Fulbright has advised Inter Cars S.A. and its group companies on a PLN 1.1 billion loan facility. Clifford Chance, working with Tark Grunte Sutkiene (TGS), Divjak, Topic & Bahtijarevic (DTB) and Montanios & Montanios, advised Bank Pekao S.A. (agent), mBank S.A. (security agent), and Bank Handlowy w Warszawie S.A. (Citi Handlowy), ING Bank Slaski S.A., Bank BGZ BNP Paribas S.A., DNB Bank, and Caixa Bank as mandated lead arrangers on the facility.
KSB has assisted Cypriot company Gramexo PLC on its issuance of discounted certificates in the value of approximately CZK 1.4 billion. Gramexo owns 100% of Rustonka Development s.r.o.— a company established for the construction of a complex of several office buildings with a total area of approximately 37,000 square meters on land formerly occupied by the Rustonka factory in Prague-Karlin.
Schoenherr has advised Redside Investicni Spolecnost, a.s. ("Redside"), the manager of the real estate open-ended investment fund NOVA Real Estate, on its acquisition of the Panorama Business Center building from Dutch closed private investment fund Mint Fund 8 B.V. The closing took place on December 1, 2016.
A&O has advised Asahi Group Holdings, Ltd. on its share purchase agreement with Anheuser-Busch InBev to acquire businesses formerly owned by SABMiller Limited (formerly SABMiller plc) in the Czech Republic, Slovak Republic, Poland, Hungary, and Romania and other related assets that were owned by SABMiller prior to its combination with AB InBev. The transaction has an enterprise value of EUR 7.3 billion, subject to customary adjustments. Freshfields Bruckhaus Deringer advised AB InBev on the deal, as well as on its combination with SABMiller and across the related disposal commitments made to competition authorities.
Kinstellar has advised on the Czech aspects of the divestment of Xella, a leader in building solutions, to an affiliate of US private equity group Lone Star in a deal valued at EUR 2.2 billion. Among the many other firms working on the deal were Gibson, Dunn & Crutcher and Millbank, Tweed, Hadley & McCloy for Xella and Hengeler Mueller and Kirkland & Ellis for Lone Star.