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White & Case Advises on Sale of T-Mobile Czech Republic to Deutsche Telekom

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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.

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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