Mon, Dec
64 New Articles

Clifford Chance and Wolf Theiss Advise on CZK 1 Billion Financing for Packeta Group

Clifford Chance and Wolf Theiss Advise on CZK 1 Billion Financing for Packeta Group

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Clifford Chance has advised a club of banks led by Ceska Sporitelna – including UniCredit Bank Czech Republic and Slovakia and the Czech branch of Citibank Europe – on a CZK 1 billion club financing for Packeta and its subsidiaries. Wolf Theiss advised Packeta.

According to Clifford Chance, "Packeta, known in the Czech Republic as Zasilkovna, is a global digital e-commerce platform managing the shipping process between e-shops and their customers. The firm was founded as a small start-up in 2010, quickly growing and becoming a technological trendsetter that currently facilitates more than 140,000 pick-up points in the Czech Republic and more than thirty other countries."

"The financing was arranged to provide for efficient investment and operational funding from planned capital outlays, including merger and acquisition activities, for Packeta and its subsidiaries," Clifford Chance informed.

Clifford Chance’s team included Partner Milos Felgr, Senior Associates Dominik Vojta and Stanislav Holec, Associate Bara Becvarova, and Junior Associates Ondrej Steco and David Herich.

The Wolf Theiss team included Prague-based Partner Robert David and Associates Dan Schneeweiss and Denis Musil and Bratislava-based Counsel Rudolf Pfeffer and Associates Miroslav Michler and Karin Kirchnerova.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

Firm's website:

Wolf Theiss – Leading Lawyers in CEE/SEE