26
Fri, Feb
57 New Articles

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
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

Our Latest Issue