19
Mon, Apr
61 New Articles

Noerr and Havel & Partners Advise on ISS's Divestment in Eastern Europe

Noerr and Havel & Partners Advise on ISS's Divestment in Eastern Europe

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

Noerr has advised facility services provider ISS on the divestment of its main subsidiaries in the Czech Republic, Slovakia, Romania, and Hungary to Hungarian facility management company B+N Referencia Zrt. Havel & Partners advised B+N Referencia on the transaction, which remains contingent on regulatory approval.

According to Noerr, “the four subsidiaries represent an annual turnover of EUR 67 million, with approximately 4,000 employees currently working in the four [countries]. The divestments are in line with ISS’s strategy to simplify and focus its business towards key account customers.”

Noerr’s team included Partner Barbara Kusak, Counsel Akos Mates-Lanyi, Senior Associate Martin Tupek, and Associates Michal Janicek, Lucia Luptakova, Barbora Safarikova, Anezka Vecerova, Catalina Oancea, Adam Pichler, and Ildiko Angeli.

Havel & Partners' team included Partner Jan Koval, Managing Associate Robert Porubsky, and Senior Associate Ivo Skolil.

Editor's Note: After this article was published, Romania's RTPR announced that it also advised B+N Referencia on the deal. The firm's team was supervised by Partner Mihai Ristici, coordinated by Associate Marina Fecheta-Giurgica, and included Counsel Roxana Ionescu, Associates Ioana Ilie, Andrei Tosa, Cezara Urzica, Petrus Partene, Codrina Simionescu, and Lia Ilie and Junior Associates Raluca Marcu and Iustina Nastasa.

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