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PRK Partners Advises on Equity Investment in Foodie Marketplace in Prague

PRK Partners Advises on Equity Investment in Foodie Marketplace in Prague

Czech Republic
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PRK Partners has advised Martin Barry, the developer of the Manifesto marketplace in Prague, on the acquisition of a minority equity stake in Manifesto by the Rockaway Group. The transaction closed in February 2019, and financial details were not disclosed.

The Rockaway website describes Manifesto as "a gastro and cultural market which transformed a former wasteland and no-go zone in the heart of Prague into a city’s vibrant place. Winner of the Retailer of the Year 2018 for Best Customer Experience, Manifesto is a temporary structure built by 27 containers and offers unique and high-quality gastronomic concepts from Prague’s white tablecloth and Michelin restaurants accessible at street food prices. Local design and artisanal products are also available and Manifesto offers daily free cultural program presenting top local DJs, live music, performances and classes .... Manifesto has been initiated by Martin Barry, a landscape architect originally from New York, and his design-focused nonprofit organization reSITE which has a mission to improve the quality of life in the urbanized world."

According to PRK Partners, its advice "included corporate structuring followed by legal assistance with the negotiation of the entire transaction documentation, in particular Shareholders Agreement and Share Purchase Agreement." The firm's team was led by Partner Roman Pecenka.

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