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DLA Piper Advises BAE Systems on Acquisition of Bohemia Interactive Simulations from Riverside

DLA Piper Advises BAE Systems on Acquisition of Bohemia Interactive Simulations from Riverside

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DLA Piper has advised BAE Systems on its acquisition of Bohemia Interactive Simulations from the Riverside Company. Jones Day advised Riverside on the deal.

The transaction remains contingent on regulatory approval.

The Riverside Company is a private equity firm focused on investing in growing businesses valued at up to USD 400 million. Bohemia Interactive Solutions is a Czech software company operating in the military training and simulations market. BAE Systems is a defense contractor.

“During our partnership with Bohemia, we have developed an enormously strong working relationship,” Riverside Partner Martin Scott commented. “We have helped them expand from a single-product company to a three-, soon to be four-product company, internationalized sales into an unrivaled ecosystem of more than 360 customers across 63 countries, and built a scalable operations infrastructure and professional management team, as well as supported two generations of development of the company’s flagship product.”

“I am grateful to the team at Riverside for their support and stewardship over the course of this investment,” said Bohemia CEO Arthur Alexion. “With Riverside's strategic advice and financial backing, we have transformed Bohemia into a true world leader and set the foundation for an exciting, continued growth story with our new owner, BAE Systems.”

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 250 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  150 of the Fortune 500 companies, almost 50 of the Czech Top 100 companies and 20 of the TOP 100 Slovak companies. HAVEL & PARTNERS currently provides its services to a total of 2,500 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 languages in more than 110 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 global rating agencies Chambers and Partners (2020, 2021) 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 four -time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019, 2020). 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). 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 Czech Republic since 2010. 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/

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