On February 2, 2024, BBH announced that the Kaprain Group's acquisition of Mafra Publishing and Synthesia from Agrofert Holding (reported by CEE Legal Matters on September 7, 2023) had closed.
According to BBH, the antimonopoly authorities in the Czech Republic, Slovakia, Germany, Austria, and Turkiye had given the transaction a green light, and the deal successfully closed on February 1, 2024.
As previously reported, BBH advised the Kaprain Group on the package deal.
The Kaprain Group is a Czech Republic-based investment group founded by Karel Prazak.
Mafra Publishing is a Czech media group that publishes print and internet media.
Synthesia is a European manufacturer of chemical products, with a focus on nitrocellulose.
"Thanks to the acquisition of Synthesia, we will significantly strengthen the specialty chemicals market in Europe and become one of the most important players in the region," Prazak said.
The BBH team included Managing Partner Petr Mlejnek, Partners Tomas Sedlacek and Andrea Adamcova, Senior Associate Adam Necas, and Lawyer Dominik Liska.