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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

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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