23
Sun, Feb
48 New Articles

Kocian Solc Balastik and Havel & Partners Advise on First Search Fund Acquisition in Czech Republic

Kocian Solc Balastik and Havel & Partners Advise on First Search Fund Acquisition in Czech Republic

Czech Republic
Typography

Kocian Solc Balastik has advised Continuum Search Fund on its acquisition of exhibition stand manufacturers Best Expo and IRE — the first acquisition by a search fund in the Czech Republic. The sellers — entrepreneurs Hellen Berends and Petr Kotvas — were advised by Havel & Partners.

Search funds are vehicles enabling investors to provide capital to promising managers. According to KSB Partner Christian Blatchford, “in essence, the concept involves managers searching for, managing the acquisition of, and then running target companies with funding from private investors. The managers can also invest their own money. The managers’ equity stake will increase over time, and on the basis of the financial performance of the acquired companies."

Blatchford explained that, “since this was the first Czech deal, we had to engineer the implementation of these concepts using Czech corporate and contract law. I’d like to think that we found innovative and efficient solutions."

The KSB team was led by Partner Christian Blatchford and included Senior Associates Jan Beres and Ivo Prusa and Associates Tomas Zach and Jakub Porod.

The Havel & Partners team included Partner Vaclav Audes, Associate Veronika Filipova, and Junior Associate Monika Hospudkova.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

Our Latest Issue