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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

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

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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