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Dentons Advises on Largest Czech Investment in the US

Dentons Advises on Largest Czech Investment in the US

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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.

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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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