Kocian Solc Balastik has advised J&T Agriculture and Ecology on its acquisition of 11 companies within Spearhead Czech and Spearhead Slovakia and the related acquisition financing by a banking group led by Komercni Banka. Clifford Chance advised the lenders.
The lenders also included Raiffeisenbank a.s. and UniCredit Bank Czech Republic and Slovakia.
According to KSB, the acquired companies, located in the vicinity of Kardasova Recice, Jihlava, Hradec Kralove, Olomouc, and Nitra in Slovakia, are primarily active in the field of crop and livestock production.
J&T Real Estate Group company J&T Agriculture and Ecology specializes in agricultural investments. The company has headquarters in Prague.
"Thanks to the acquisition, J&T Agriculture and Ecology, which started its agricultural business in 2020, became the number two company on the Czech agricultural market in terms of the size of cultivated land – 37,000 hectares after the acquisition," KSB informed.
The KSB team included Managing Partner Pavel Dejl, Partners Jiri Hornik and Martin Krejci, Counsel Ivo Prusa, Lawyers Jakub Porod, Martin Vrab, and Tomas Travnicek, and Junior Lawyers Zuzana Slaba and Karolina Vosatkova.
The Clifford Chance team was led by Partner Milos Felgr and Senior Associate Dominik Vojta and included Junior Lawyer Pavlina Tomeckova.
