White & Case has advised Falcon Group on the conclusion of a binding agreement for the EUR 828 million sale of its entire stake in T-Mobile Czech Republic to Deutsche Telekom.
Falcon Group is a consortium of investors 75% controlled by funds managed or advised by Mid Europa Partners, the leading buyout investor which focuses on Central & Eastern Europe and Turkey.
Budapest-based White & Case Partner Rob Irving, Co-head of the Firm's EMEA private equity practice, said: "We are very pleased to advise Mid Europa and Falcon Group generally on this successful exit. This is the culmination of more than three years of work for Falcon Group, including the EUR 574 million sale of Ceske Radiokomunikace to Macquarie Group in 2011 and EUR 365 million leveraged recapitalization of Falcon Group in 2012."
The White & Case team which advised Mid Europa Partners was led by Partners Rob Irving and Edward Keller, and included Partners Michal Smrek, Damian Beaven, Ludek Chvosta, Jason Yardley, and Rob Bennett, as well as Local Partner Alena Naatz, and Associates Rebecca Zaman and Richard Blackburn.
The deal is expected to close by the end of February.