Randa Havel Legal has represented the owners of Astratex in the sale of the majority of their stake in the company to the Hartenberg Holding investment group, which is owned by Czech Prime Minister Andrej Babis. Hartenberg Holding was advised by Mikulas & Partners. The transaction value was not disclosed.
Astratex is an on-line seller of lingerie products in the Czech Republic, Slovakia, Poland, Romania, Hungary, Bulgaria, and Austria.
Astratex investors include Tomas Fikar and Roman Oravec, entrepreneurs in the area of e-commerce and online marketing, as well as Jan Svoboda, a partner in the Programia company, which supplies companies with e-shops. Petr Vit, Astratex’s founder, retains more than a quarter share in the company, while the former owners of the company remain active as minority shareholders.
The Randa Havel Legal team was led by Partner Alois Satava and included Senior Associate Michal Palinkas.
The Mikulas & Partners team included Partner Jan Mikulas and Senior Associate Eliska Piklova.