Clifford Chance has advised a club of banks led by Ceska Sporitelna – including UniCredit Bank Czech Republic and Slovakia and the Czech branch of Citibank Europe – on a CZK 1 billion club financing for Packeta and its subsidiaries. Wolf Theiss advised Packeta.
According to Clifford Chance, "Packeta, known in the Czech Republic as Zasilkovna, is a global digital e-commerce platform managing the shipping process between e-shops and their customers. The firm was founded as a small start-up in 2010, quickly growing and becoming a technological trendsetter that currently facilitates more than 140,000 pick-up points in the Czech Republic and more than thirty other countries."
"The financing was arranged to provide for efficient investment and operational funding from planned capital outlays, including merger and acquisition activities, for Packeta and its subsidiaries," Clifford Chance informed.
Clifford Chance’s team included Partner Milos Felgr, Senior Associates Dominik Vojta and Stanislav Holec, Associate Bara Becvarova, and Junior Associates Ondrej Steco and David Herich.
The Wolf Theiss team included Prague-based Partner Robert David and Associates Dan Schneeweiss and Denis Musil and Bratislava-based Counsel Rudolf Pfeffer and Associates Miroslav Michler and Karin Kirchnerova.