Schoenherr has advised AG Foods Group and Cooperatief Avallon MBO U.A. on settlement of minority shareholders' disputes and on a subsequent management buyout.
In addition to the settlement of several minority shareholders' claims, the transaction consisted of the exit of these shareholders from AG Foods. Schoenherr also advised the existing management on a buyout of Cooperatief Avallon (a majority shareholder in AG Foods), including on the acquisition financing with Czech financial institute Komercni banka, a.s.
AG Foods is a Czech company that develops, produces and distributes instant drink mixtures. It also focuses on the sale and service of mixtures preparation technology for the food and HoReCa industry. Cooperatief Avallon is part of the Avallon Polish investment fund, which promotes the involvement of managers in equity transactions. AG Foods was part of the EUR 50 million Avallon MBO Fund I.
The Schoenherr team was led by Partner Vladimir Cizek, who commented: "We were excited to support both companies in the complex matter of the minority shareholders' disputes in four separate jurisdictions. AG Foods benefited from the involvement of Cooperatief Avallon over several years and the management buyout was completed in a satisfactory fashion for both parties.
Cizek was assisted by Prague-based Attorneys at Law Jitka Kadlcikova, Natalie Rosova, Helena Hangler, and Denisa Assefova, and Associate Rudolf Bicek, Also involved were Warsaw-based Partner Katarzyna Terlecka, Bratislava-based Partner Sona Hekelova, and Budapest-based Attorney at Law Gabor Kordovanyi.