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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

Czech Republic

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

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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