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Clifford Chance Advises EIB on Initial Equity Investment in the Czech Republic

Clifford Chance Advises EIB on Initial Equity Investment in the Czech Republic

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Clifford Chance Prague has advised the European Investment Bank on its up to EUR 50 million equity investment into Inven Capital, a Czech SICAV fund that is fully-owned by the regional energy group CEZ. Inven Capital reportedly was counseled by DBK Partners.

EIB agreed to co-invest into Inven Capital on a 50:50 basis with CEZ under a Joint Co-Investment Program. This is the first equity investment of EIB in the Czech Republic. The transaction is backed by a guarantee from the European Fund for Strategic Investments, which is the central pillar of the Investment Plan for Europe.

This EUR 100 million co-investment initiative will provide additional liquidity to leading European venture capital-dependent SMEs and midcaps in the energy sector, which, according to Clifford Chance, "are typically in a growth stage and need early-stage investments to innovate and expand their product and service offering, increase their productivity and manufacturing capacity and expand internationally."

The Clifford Chance team advising on the transaction was led by Managing Partner Alex Cook, with Senior Associate Michal Jasek as executive lawyer. The team also included Associate Ludvík Ruzicka and Junior Associate Zuzana Moravkova.

DBK Partners did not reply to our inquiries.

 

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PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

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