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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.

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.).

Firm's website: www.prkpartners.com

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