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CMS, Clifford Chance, and A&O Advise on Advent's Sale of TES Vsetin to ARX Equity Partners and Underlying Financing

CMS, Clifford Chance, and A&O Advise on Advent's Sale of TES Vsetin to ARX Equity Partners and Underlying Financing

Czech Republic
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CMS Prague has advised Advent International on its sale of TES Vsetin to ARX Equity Partners. Clifford Chance advised the buyers on the deal, and Allen & Overy advised Raiffeisenbank a.s. on the acquisition financing.

Financial details of the transaction were not disclosed.

Founded 20 years ago, ARX Equity Partners is a private equity firm that supports growth and development of mid-sized companies in Central Europe.

TES is a European industrial designer and manufacturer of tailor-made power generators, motors, drives, and other electrical machines and their system components. TES was founded in 1919 and is based in the Czech Republic with a representative office in Germany.

CMS reports that, as part of the transaction, ARX has agreed to partner with the TES's existing management team, which will lead the company's future growth and development.

The CMS team was led by Prague Managing Partner Helen Rodwell, supported by Senior Associates Pavel Srb and Frances Gerrard.

Clifford Chance's Prague-based team was led by Partner David Kolacek, assisted by Partner Milos Felgr, Counsel Michal Jasek, Associates Veronika Kinclova and Dominik Vojta, and Junior Lawyers Martin Urban and Matej Ridky.

The Allen & Overy team was led by Senior Associate Petra Mysakova and included Associate Pavel Prihoda and Junior Lawyer David Bujgl

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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