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Schoenherr Advises Caverion on Sale of Czech Subsidiary to CEZ Group

Schoenherr Advises Caverion on Sale of Czech Subsidiary to CEZ Group

Czech Republic
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Schoenherr Prague has advised Finland's Caverion Emerging Markets Oy on the disposal of its Czech subsidiary, Caverion Ceska Republika s.r.o., to KART spol. s r.o., a member of the CEZ Group. The Nemec, Blaha & Navratilova law firm reportedly advised KART on the deal.

Caverion provides smart technical solutions and services for buildings, industrial processes, and infrastructure. The company operates in 12 countries in Central Europe, Scandinavia, the Baltics, and Russia. Established in 1991, the company's Czech subsidiary provides services mainly in the building maintenance sector, covering design, projects, supply and installation of technical solutions for buildings, including their maintenance and final removal.

KART spol. s r. o., part of the CEZ Group, was established in 1992 and provides operations and services for building technical equipment. It also supplies and installs air-conditioning, heating, and cooling equipment, measurement and control systems, and high-voltage appliances and distribution systems. In addition, it designs and inspects electrical equipment, pressure vessels, and boiler rooms.

The Schoenherr team was led by Partner Vladimir Cizek, supported by Attorney-at-Law Jitka Kadlcikova.

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For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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