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DLA Piper and Taylor Wessing Advise on Financing for and Acquisition of Vitrablok

DLA Piper and Taylor Wessing Advise on Financing for and Acquisition of Vitrablok

Czech Republic
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Lawyers from DLA Piper's offices in Germany, Italy, the United States, and the Czech Republic have advised Luxembourg-based private equity firm ASC Investment on its acquisition of Vitrablok, the Czech-based glass block division of the Seves Group, and on obtaining financing from RiverRock for the transaction. The sellers were advised by Giese & Partners in the Czech Republic and by LMS Studio Legale in Italy, and RiverRock was advised by TaylorWessing.

Vitrablok was part of the Seves Group, a Triton Fund III company. With more than 300 employees in Europe and the US, Vitrablok has a 40 percent share in the world glass block market. DLA Piper describes it as "the leading manufacturer of glass bricks for interior and exterior architectural applications."

“We are looking forward to the next level of development of Vitrablok under the new ownership of ASC Investment,” said Petr Kralik, CEO of Vitrablok. “We want to develop our product portfolio, as well as support the company’s international expansion. Our company wants to be a leader in the glass blocks market, both in terms of technology and quality. Vitrablok will be the only independent player in the market, 100% focused on the glass block product.”

The multi-jurisdictional DLA Piper team was led by Czech Country Managing Partner Miroslav Dubovsky and Munich-based Corporate Partner Florian Hirschmann. They were assisted by Prague-based Senior Associates Petr Samec and Jan Rataj, Munich-based Senior Associate Silvio McMiken and Associate Tobias Schulz, and a Frankfurt-based team consisting of Germany Country Managing Partner Konrad Rohde, Finance and Projects Counsel Robert Hofbauer, and Tax Counsel Raimund Behnes. Further support was given by Luxembourg Country Managing Partner Catherine Pogorzelski, Tax Partner Geoffrey Scardoni, Milan-based Corporate Partner Alessandro Piermanni, and Atlanta-based Finance and Projects Partner Kevin Gooch.

The Taylor Wessing Prague team advising RiverRock consisted of Partner Thomas Rechberger, Senior Associate Ivana Menhartova, and Associate Barbora Skolkova. 

 

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.

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