Kocian Solc Balastik has advised J&T Arch Investments on its acquisition of a minority stake in the Moneta Money Bank from Petrus Advisers. Dechert reportedly advised the sellers.
"The fund already purchased 8.89% from Petrus Advisers in July," KSB reported. "The second stage of the transaction and the acquisition of another 1.1% stake was completed on December 23, 2022. The fund has received approval from the Czech National Bank to acquire up to 19.99%."
Moneta Money Bank is a Czech bank.
The J&T Arch Investments fund is the J&T Group’s investment platform.
Petrus Advisers is a London-based investment manager.
The KSB team was led by Partner Jan Lasak and included Partners Martin Krejci and Vlastimil Pihera and Lawyers Josef Kriz and Matus Kovacic.