CMS has advised Arthur J. Gallagher on the acquisition of a minority stake in in Czech Republic-based Renomia. Glatzova & Co advised Renomia on the sale.
Randa Havel Legal — the Czech office of the Act Legal network — has advised Jufa Investment Group on its acquisition of five solar parks, with a total capacity of 12 MW, from Eques Fotovoltaica. The total value of the transaction, including bank financing, reached approximately one billion crowns. Eversheds Sutherland Dvorak Hager advised Eques Fotovoltaica.
“The main thing right now is the upcoming amendment to Act on Corporations,“ starts Kinstellar Partner Tomas Cihula, describing the situation in the Czech Republic. “The Parliament is considering proposals which seek to clarify some parts of the current legislative framework and that aim to ease the regulatory burden companies are facing.“ Cihula said that this overhaul was met with “approval from the business sector.“
Glatzova & Co has advised the Pale Fire Capital investment group on its acquisition of 55 percent of shares in the Czech Aukro.cz business portal from Agora Development, Equity Partners, and Ladislav Chodak for an undisclosed price. The sellers were reportedly advised by Kubica Zajic & Partners. The remaining 45 percent of Aukro.cz is owned by Leverage Technology, reportedly advised by solo-practitioner Ondrej Kolar.
CMS has advised Kiwi.com regarding General Atlantic’s strategic investment in it. Kiwi.com co-founders Oliver Dlouhy and Jozef Kepesi will remain significant shareholders and continue to lead the company. Terms of the deal were not disclosed. DLA Piper also provided legal advice to Kiwi.com while Weil, Gotshal & Manges acted as counsel for General Atlantic.
Kinstellar, Gibson, Dunn & Crutcher, Stibbe, and Binder Groesswang have advised CANAL+ Group, a subsidiary of the Vivendi group, on the acquisition of the M7 Group from Astorg, a European private equity firm. Paul Hastings and Loyens & Loeff advised Astorg and the other selling shareholders of the M7 Group.
The Prague office of Schoenherr has advised Portiva Private Equity a.s. on the acquisition of a 50% share in EAG SE, which, through its Carvagocom s.r.o. subsidiary, will operate an innovative platform to be used for buying, selling, and renting cars and other related services. Kinstellar advised EAG in the deal.