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Noerr, Arnold, CHSH, and Wolf Theiss Advise on Sale of Kika’s CEE Business to XXXLutz

Noerr, Arnold, CHSH, and Wolf Theiss Advise on Sale of Kika’s CEE Business to XXXLutz

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Noerr, together with the Austria's Arnold law firm, has advised SignaRetail on the sale of Kika’s Eastern European business to XXXLutz. XXXLutz was represented by CHSH on the purchase and by Wolf Theiss on the merger clearance process.

The parties signed the contracts for the sale of 22 locations in the Czech Republic, Hungary, Romania and Slovakia on April 26, 2019. The transaction included both the operational retail business with over 1,500 employees and the 22 properties.

Signa Group is a privately managed, European holding company focusing on real estate, retail, and media sectors. Its portfolio of assets is valued at over EUR 14 billion. 

The Arnold team was led by Managing Partner Nikolaus Arnold and Senior Associate Georg Huber and included Partner Bernhard Vetter von der Lilie, Attorneys Thomas Raubal and Roman Gruber, and Associates Christoph Jelemensky, and Felix Fisecker.

The Noerr team was led by Partners Zoltan Nadasdy, Gabriel Popa, Barbara Kusak, and Joerg Menzer, and Senior Associate Akos Bajorfi, and included Partner Edina Schweizer, Counsels Ludek Chvosta and Martin Tupek, and Associates Eszter Hegedus, Szilvia Andriska, Timea Tompa, Adrian Georgescu-Banc, Oana Piticas, Michal Janicek, Stepanka Havlikova, Tomas Zaborsky, and Martin Baraniak.

The Wolf Theiss team was led by Partners Markus Bruckmuller, Christian Mikosch, Peter Oberlechner, and Eva Spiegel and also included Partners Janos Toth, Luka Tadic-Colic, Niklas Schmidt, and Claus Schneider, Counsels Katarina Bielikova and Matthias Schimka, Senior Associate Jiayan Zhu, Associates David Gschaider, Lukas Pinegger, Peter Ihasz, Ivana Hovancova, Iris Riepan, Jakob Jelinek, Natascha Johannik, Stefan Horn, Marlene Bouzek, and Lucia Mocibob and Consultant Melanie Dimitrov.

The CHSH team included Partners Clemens Hasenauer, Johannes Prinz, Harald Stingl, Lorenz Pracht, Andrea Presser, Jozef Bannert, Karol Siska, Zizi Popa, Mirela Nathanzon, Senior Attorneys Andras Kauten, Lukas Srbecky, and Pavlina Ruzickova, and Associates Alexander Reich-Rohrwig, Benedikt Svoboda, Ferdinand Guggenmoos, and Hannah Schin.

Editor's Note: This article was updated to reflect the full Wolf Theiss team.

Czech Republic Knowledge Partner

PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

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