Kinstellar has advised on the Czech aspects of the divestment of Xella, a leader in building solutions, to an affiliate of US private equity group Lone Star in a deal valued at EUR 2.2 billion. Among the many other firms working on the deal were Gibson, Dunn & Crutcher and Millbank, Tweed, Hadley & McCloy for Xella and Hengeler Mueller and Kirkland & Ellis for Lone Star.
Xella is the world’s largest manufacturer of aerated concrete blocks, calcium-silicate units, and high-performance boards and is the leading producer of lime and limestone on the Czech market. The company operates 96 production plants in 20 countries and employs over 5,900 employees globally.
Kinstellar advised Xella with regard to its Czech affiliates on the Czech law aspects of the transaction, in particular on general corporate, real estate and employment matters.
The Prague-based Kinstellar team was led by Partner Kamil Blazek, supported by Of Counsel Karla Rundtova, Managing Associate Martin Seda, Senior Associate Tereza Naucova, and Associates Adam Nemec and Barbora Sevcikova.
Editor's Note: After this article was published Baker & McKenzie announced that its Prague office had advised the affiliate of Lone Star on its acquisition of the Xella Group from European private equity firms PAI Partners and investment funds managed by Goldman Sachs. According to Baker & McKenzie, the deal is expected to close in the first half of 2017.
The Baker & McKenzie team was led by Prague-based Partner Libor Basl, primarily supported by Associate David Reiterman.