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Schoenherr Advises AG Foods and Cooperatief Avallon on Shareholder Settlement and Management Buyout

Schoenherr Advises AG Foods and Cooperatief Avallon on Shareholder Settlement and Management Buyout

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Schoenherr has advised AG Foods Group and Cooperatief Avallon MBO U.A. on settlement of minority shareholders' disputes and on a subsequent management buyout.

In addition to the settlement of several minority shareholders' claims, the transaction consisted of the exit of these shareholders from AG Foods. Schoenherr also advised the existing management on a buyout of Cooperatief Avallon (a majority shareholder in AG Foods), including on the acquisition financing with Czech financial institute Komercni banka, a.s.

AG Foods is a Czech company that develops, produces and distributes instant drink mixtures. It also focuses on the sale and service of mixtures preparation technology for the food and HoReCa industry. Cooperatief Avallon is part of the Avallon Polish investment fund, which promotes the involvement of managers in equity transactions. AG Foods was part of the EUR 50 million Avallon MBO Fund I.

The Schoenherr team was led by Partner Vladimir Cizek, who commented: "We were excited to support both companies in the complex matter of the minority shareholders' disputes in four separate jurisdictions. AG Foods benefited from the involvement of Cooperatief Avallon over several years and the management buyout was completed in a satisfactory fashion for both parties.

Cizek was assisted by Prague-based Attorneys at Law Jitka Kadlcikova, Natalie Rosova, Helena Hangler, and Denisa Assefova, and Associate Rudolf Bicek, Also involved were Warsaw-based Partner Katarzyna Terlecka, Bratislava-based Partner Sona Hekelova, and Budapest-based Attorney at Law Gabor Kordovanyi.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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