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CMS and Glatzova & Co Advise on Gallagher Acquisition of Minority Stake in Renomia

CMS and Glatzova & Co Advise on Gallagher Acquisition of Minority Stake in Renomia

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CMS has advised Arthur J. Gallagher on the acquisition of a minority stake in in Czech Republic-based Renomia. Glatzova & Co advised Renomia on the sale.

The deal is subject to regulatory approval and is expected to close in the third quarter of 2019.  

Founded in 1993 by Jirina Nepalova and her sons Jiri and Pavel, Renomia is an independent broker based in Prague, Czech Republic. The company is aprovider of insurance and risk management services. Renomia has full-scale brokerage operations in the Czech Republic, Slovakia, Romania, Hungary, Serbia, Bulgaria, and Croatia, as well as a franchise network in the rest of the CEE region.

Arthur J. Gallagher is a US-based global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois. The firm was established in 1927. The company has operations in 35 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.  

Patrick Gallagher, Jr., Chairman, President, and CEO at Arthur J. Gallagher, said: “Renomia is a very strong, family-run business that has been a valued participant in Gallagher's strategic broker partner network, Gallagher Global Alliance, for 15 years. Our companies share a similar culture and values, and we are thrilled to further solidify our partnership."  

The CMS team was led by Managing Partner Helen Rodwell and included Counsel Patrik Przyhoda, Senior Associate Frances Gerrard, and Associate Pavel Kocian.  

The Glatzova & Co team was led by Partner Vladimira Glatzova, supported by Partner Jindrich Pastrnak.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.