“Politics in Czech Republic is currently stable, even though we have several ongoing issues,” says Jiri Cerny, Partner at Peterka Partners in the Czech Republic. “The biggest controversy involves President Milos Zeman’s close relations with China. They promised a large amount of investment, but this has never been fulfilled, and that has led to some scrutiny. Apart from that, we hadn’t had any major political issues recently.”
Kinstellar has advised Raiffeisenbank on acquisition financing for KWR Czech's acquisition of DCK Holoubkov, a company that produces all-plastic outdoor low-voltage distribution switchboards, from two unnamed individuals. KWR Czech, owned by BHS Fund II Private Equity, was advised by JSK both on the financing and on the underlying acquisition. The amount of the financing was not disclosed.
The Czech Republic has – due to its strategic location in the heart of Europe – always been an important transportation and business hub. It has one of the highest densities of railway networks in Europe, with almost 1,200 km of track for every 10,000 square kilometers in the country, and it is also an important road transportation hub.
Clifford Chance has advised P & O Netherlands B.V. on the EUR 21.5 million sale of its 50% stake in the Technologicky Park Brno business center to the city of Brno. As a result of the deal, the city, which was advised by Hladky Legal and the Kroupahelan Law Firm, became the majority owner of the park.
Kinstellar has advised Youplus Insurance International AG and myLife Lebensversicherung AG, members of Switzerland's Insurevolution Partners insurance group, on the acquisition of the Czech and Slovak life and non-life insurance contract portfolios from Basler Sachversicherungs-AG and Basler Lebensversicherungs-AG.