Schoenherr's Czech office has advised KB SmartSolutions, s.r.o. on the acquisition of an almost 25% stake in Platebni Instituce Roger a.s, from Echilon Capital s.r.o. BPV Braun Partners advised Echilon Capital on the transaction, and Setina, Komendova & Partners advised Platebni Instituce Roger's CEO Adam Soukal and CTO Tomas Slobodnik.
KB SmartSolutions — a subsidiary of Komercni Banka, a.s, which is itself part of the Societe Generale Group — focuses on the development and growth of financial service start-ups as well as on creating its own FinTech companies.
Platebni Instituce Roger provides factoring services. According to Schoenherr, "by connecting investors with companies, especially small and medium-sized ones, it provides an innovative form of operational financing for companies whose business is affected by long invoice maturities and the associated lack of cash." According to the firm, "in 2020, the company obtained a full PSD2 license, which will significantly expand the range of offered payment services.”
Schoenherr’s team was led by Partner Vladimir Cizek and included Attorneys Jiri Marek, Eva Bajakova, Claudia Bock, Marie Gremillot, and Natalie Rosova, and Associate Lenka Kubicka.
The Setina, Komendova & Partners team was led by Partner Pavla Komendova.
BPV Braun Partners' team was led by Senior Associate Ondrej Ponistiak.