CMS has advised Dixons Retail on the sale of its ElectroWorld operations in the Czech Republic and Slovakia to Slovak electronics retailer NAY.
Dixons Retail is one of Europe's leading specialist multi-channel electrical retailer and services companies. ElectroWorld operates 22 stores in the Czech Republic and 4 in Slovakia, which for the financial year that ended on April 30, 2014, generated a turnover of GBP 129 million.
CMS Partner Helen Rodwell, who led the CMS team on the deal, commented: “We are delighted to have advised Dixons on this transaction. We are currently seeing an uptick in M&A activity in the Czech Republic and the wider region and particularly players from within CEE that aim to increase their geographical footprint remain keen to purchase high quality assets in nearby markets."
Rodwell’s team included Senior Associates Patrik Przyhoda and Frances Gerrard.