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Weinhold Legal Advises PORR on Acquisition of Alpine Bau

Weinhold Legal Advises PORR on Acquisition of Alpine Bau

Czech Republic
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Weinhold Legal has advised Austrian building contractor PORR on its acquisition of all shares in Alpine Bau CZ from PSJ Holding. The seller reportedly was represented by KSD Legal.

The Czech-Slovak Alpine Bau group is active in the building and construction sector, with sales last year of approximately CZK 2.5 billion (approximately EUR 97 million). The company employs around 450 employees.

According to Weinhold Legal, “this transaction was reported by the media as probably the largest acquisition in the Czech construction market over the last ten years.”

In its own press release, PORR announced that the value of the transaction was about EUR 12 million, subject to adjustments based on closing accounts.

Karl-Heinz Strauss, CEO of PORR, emphasized the importance of the takeover: “Alpine Bau CZ a.s. has an excellent reputation and represents for more than 25 years the highest quality, reliability, and technical advancement. With this acquisition, we will strengthen our market position in the Czech Republic and will gain important strategic advantages, in particular in the area of road-works.”

Weinhold's team was led by Partner Ondrej Havranek, supported by Managing Attorney-at-Law Dalibor Simecek.

KSD Legal 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/

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