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CMS Advises Savills on Expansion of Czech Operations

CMS Advises Savills on Expansion of Czech Operations

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CMS has advised Savills plc. on the acquisition of SB Property Services, a Czech company providing asset management services, from its founders, Martina Bartek and Michaela Semanova, who will join Savills as directors. Rudolf Rentsch of Rentsch Legal advised the sellers.

According to CMS, "with an international network of more than 700 offices and associates in the Americas, the UK, continental Europe, Asia Pacific, Africa, and the Middle East, Savills offers a broad range of specialist advisory, management, and transactional services to clients all over the world. Savills entered the CEE through a presence in Poland in 2004, and after opening an office in Prague last year, it has established cooperation agreements with businesses in Romania and Hungary. Since entering the Czech market in 2016, Savills ... has expanded further throughout CEE. The acquisition of SB Property Services provides Savills with a market leading property management platform in the Czech Republic."

SB Property Services has over EUR 400 million of assets under management, including landmark properties such as the Charles Square Center, the Rohan Business Center, the Melantrich Building, and the Trianon office building. It was established in 2011.

The CMS team advising Savills was led by Partner Helen Rodwell, with the support of Senior Associate Frances Gerrard and Associate Pavel Kocian.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

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