Sun, Mar
48 New Articles

Van Campen Liem Advises ARX on Acquisition of Promens Zlin

Van Campen Liem Advises ARX on Acquisition of Promens Zlin

Czech Republic
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Van Campen Liem has advised ARX Equity Partners on its acquisition of Promens Zlin from Berry Global. The Prague office of Squire Patton Boggs reportedly advised ARX on Czech aspects of the acquisition, and DLA Piper reportedly advised Berry Global.

ARX is a private equity firm headquartered in Prague that has more than EUR 300 million raised in four funds. According to ARX, Promens Zlin (headquartered in Zlin, Czech Republic) is a system and development supplier focused predominantly on large vehicle exterior and interior parts, which are key components in the production of buses, earth moving vehicles, and agriculture equipment. The company generated approximately EUR 37 million in sales in 2020.

“ARX is delighted to partner with Promens Zlin, which represents an excellent case study of a successful Czech manufacturing company, producing sophisticated products that are well integrated into international supply channels," Tomas Lansky, Partner at ARX Equity Partners, commented. We are especially pleased to be able to work alongside the outstanding Promens Zlin management team, in order to pursue our joint objective to grow and expand the business in the coming years.”

“Our enthusiasm and desire to seek new paths in technological progress enables our customers to be leaders in their field," Robert Zatloukal, CEO at Promens Zlin added. "Together with ARX, we have a great opportunity to accelerate this vision, mainly due to the ARX infrastructure investment support and expertise. At the same time, the Promens Zlin company culture and modern strategy will enable us to meet all stakeholder expectations.”

The Van Campen Liem team consisted of Partner Aston Goad, Senior Associate Oya Derindere, and Junior Associate Nathan Hoeffnagel. 

DLA Piper and Squire Patton Boggs did not reply to inquiries about the deal.

Editor's note: After this article was published, DLA Piper confirmed that it had advised Berry Global on the deal. The firm's team was led by Bratislava-based Partner Michaela Stessl, Prague-based Partner Miroslav Dubovsky, and Amsterdam-based Partner Richard Fens, and included Prague-based Solicitor Petr Samec and Amsterdam-based Solicitor Sabine Botden. 

Czech Republic Knowledge Partner

PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

Firm's website: www.prkpartners.com

Our Latest Issue