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Kinstellar Advises on EUR 2.2 Billion Divestment of Xella to Lone Star

Kinstellar Advises on EUR 2.2 Billion Divestment of Xella to Lone Star

Czech Republic
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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.

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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