19
Mon, Apr
63 New Articles

Dentons Advises on Largest Czech Investment in the US

Dentons Advises on Largest Czech Investment in the US

Czech Republic
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Dentons has advised PFNonwovens Inc., a member of the Prague-based R2G Rohan nonwovens group, in connection with its agreement to acquire First Quality Nonwovens Inc. and First Quality Nonwovens (Wuxi) Co., Ltd., an American and a Chinese manufacturer of nonwovens for consumer, health care, and industrial products. The seller, First Quality Enterprises, was represented by Wachtell Lipton, Rosen & Katz.

Dentons also advised PFNonwovens and the R2G Rohan group on the financing of the acquisition, which was provided by Ceskoslovenska obchodni banka, a. s. and KBC Bank N.V., New York branch. The banks were represented by White & Case.

The transaction, which would represent the largest outbound investment ever made by a Czech group in the United States, is subject to customary closing conditions, including receipt of all relevant regulatory and antitrust approvals.

The Dentons M&A team was co-led by Partners Rob Irving and Ilan Katz, supported by a team of more than 30 lawyers across 11 Dentons offices in the US, Europe, UK, and Asia. The team included, among others, Partners Tim Santoli, Michael Maryn, Joel Bock, Matt Adams, and Danette Davis, Senior Managing Associate Adam Dunst, Managing Associate Asher Bundlie, and Associate Greg DiBella, with the help of Partners Frank Niu and Kaiming Cai and Counsel Susan Wang, as well as Partnjirier Alex Tan and Associate Lim Yu Herng. Partner Rob Irving also led Dentons team on the financing of the acquisition, supported by Prague-based Partner Jiri Tomola and New York-based Partner Lee Smith, with Associate Martin Manduľak.

White & Case did not reply to our inquiries on the matter.

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/

Our Latest Issue