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PRK Partners Advises on Equity Investment in Foodie Marketplace in Prague

PRK Partners Advises on Equity Investment in Foodie Marketplace in Prague

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PRK Partners has advised Martin Barry, the developer of the Manifesto marketplace in Prague, on the acquisition of a minority equity stake in Manifesto by the Rockaway Group. The transaction closed in February 2019, and financial details were not disclosed.

The Rockaway website describes Manifesto as "a gastro and cultural market which transformed a former wasteland and no-go zone in the heart of Prague into a city’s vibrant place. Winner of the Retailer of the Year 2018 for Best Customer Experience, Manifesto is a temporary structure built by 27 containers and offers unique and high-quality gastronomic concepts from Prague’s white tablecloth and Michelin restaurants accessible at street food prices. Local design and artisanal products are also available and Manifesto offers daily free cultural program presenting top local DJs, live music, performances and classes .... Manifesto has been initiated by Martin Barry, a landscape architect originally from New York, and his design-focused nonprofit organization reSITE which has a mission to improve the quality of life in the urbanized world."

According to PRK Partners, its advice "included corporate structuring followed by legal assistance with the negotiation of the entire transaction documentation, in particular Shareholders Agreement and Share Purchase Agreement." The firm's team was led by Partner Roman Pecenka.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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