Allen & Overy’s Prague office has advised Ceska Zbrojovka Group on its initial public offering and the listing of its shares on the Prime Market of the Prague Stock Exchange. White & Case reportedly advised the joint global coordinators and joint bookrunners Ceska Sporitelna, Komercni Banka, and Societe Generale. Wood & Company Financial Services also acted as a joint bookrunner on the deal.
According to Allen & Overy, “CZG completed its initial public offering of 3,080,000 shares, including 2,800,000 new shares and 280,000 existing shares held by Ceska Zbrojovka Partners.” The firm reported that, “the shares were sold at a price of CZK 290 per share, resulting in total proceeds of CZK 812 million. The proceeds will primarily finance CZG’s strategy to expand its presence in the U.S. by constructing a new production facility in Little Rock, Arkansas.”
Ceska Zbrojovka Group is a manufacturer of firearms for military and law enforcement, personal defense, hunting, sport shooting, and other civilian uses. The firm is headquartered in the Czech Republic, with production facilities in the country and the U.S.
A&O’s team in Prague consisted of Partners Petr Vybiral, Associate Jana Chwaszcz, and Junior Lawyer Denisa Jonasova; in Frankfurt, Partner Marc Plepelits and Senior Associates Rita Nicole Thomas and Martin Schmidt; and in London, Partner James Roe.
