Dentons has advised Mezzanine Capital on its first two financing transactions: A EUR 12.5 million mezzanine loan to Medicon Group to fund the acquisition of ProNatal Medical Business, and the second a mezzanine loan in connection with the recapitalization of Nolloth S.A. and its subsidiary VUES Brno.
Mezzanine Capital is a corporate financial boutique which provides individual mezzanine financing solutions to large, small and middle sized enterprises, predominantly in the Czech Republic, Slovakia, and neighboring countries. Dentons Partner Jiri Tomola, who led his firm’s team on both deals, commented, “Mezzanine Capital is a new player that has been very active in the Czech Republic and CEE region since its set up and these deals are clear evidence that the mezzanine element is on the rise in the Czech finance market. Mezzanine financing offers an alternative to companies whose financing needs for acquisitions, restructuring or CAPEX programs exceed the financing limits set by the commercial banks. Our work on these transactions is a great example of how Dentons is at the forefront of financing trends the Czech Republic.”
The first deal — the loan to the Medicon Group — involved negotiations of intercreditor arrangements with senior lender and a complex financing structure with more than 30 obligors across four jurisdictions. Senior financing was provided by UniCredit Bank Czech Republic and Slovakia, a.s., which was advised by Clifford Chance.
Partner Daniel Hurych led the Dentons' team working on the deal along with Jiri Tomola, with support from Counsel Tomas Osicka and Associates Jan Hrivnak and Klara Kubanova.
The Clifford Chance team advising UniCredit was led by Milos Felgr, assisted by Counsel Jindrich Arabasz and Associate Jan Strnad.
The second deal — the mezzanine loan related to the recapitalization of Nolloth S.A. and its subsidiary VUES Brno — amounted to EUR 26 million with the mezzanine portion being EUR 6 million. Senior financing was provided again by UniCredit Bank Czech Republic and Slovakia, again represented by Clifford Chance, while Nolloth/VUES was advised by White & Case.
Partner Jiri Tomola again led the Dentons team, with support from Counsel Tomas Osicka and Associate Klara Kubanova. Dentons’ Luxembourg team, led by Partner Stephane Hadet, provided Luxembourg law advice.
The Clifford Chance team was again led by Partner Milos Felgr, assisted by Counsel Jindrich Arabasz and Associate Dominik Vojta
The White & Case team advising Nolloth and VUES Brno consisted of Local Partner Jan Linda and Associate Katerina Hudeckova.
