Dentons has advised Komercni Banka on acquiring a 49.9% stake in SG Equipment Finance Czech Republic from Societe Generale Equipment Finance. Jones Day and Schoenherr advised Societe Generale. White & Case reportedly advised SGEF owner BPCE.
According to Dentons, combined with KB’s existing 51.1% stake, this transaction makes KB the 100% owner of SGEF CR. The parties have chosen not to disclose the transaction value.
Moreover, Dentons reports that the deal closed in parallel with Societe Generale’s sale of its equipment financing activities – excluding those in the Czech Republic and Slovakia – to BPCE, a French financial group.
SGEF CR provides finance leases, operating leases, and loans (including subsidized support) to finance investments in industrial equipment, modern technologies, transport, agricultural equipment, and healthcare.
The Dentons team included Prague-based Partners David Simek and Petr Zakoucky, Senior Associate Tomas Pavelka, Associate Anna Kolodrubcova, and Junior Associates Krystof Vrtek, Dusan Korbel, and Robert Kveton as well as Paris-based Partner Olivier Genevois.
The Schoenherr team included Warsaw-based Partners Pawel Halwa and Weronika Kapica and Prague-based Partner Vladimir Cizek and Attorneys at Law Jiri Marek, Jan Kupcik, Kristyna Tupa, and Natalie Dubska.
