Banking, finance and capital markets in Czech Republic
Allen & Overy
Allen & Overy is praised for its 'excellent technical knowledge and great personal approach'. Its diverse caseload includes real estate financing transactions, financial restructurings, insolvency, and regulatory matters; it also handles public offerings, dual listings and other cross-border issuances in the CEE region. The team saw the retirement of Václav Valvoda, and is now jointly led by senior associates Petra Mysakova, who specialises in asset-backed finance and real estate finance; Petr Vybiral, who focuses on capital markets transactions and related regulatory issues; and counsel Silvie Horackova. It recently advised Czech Export Bank on the pre-export financing for Aero Vodochody Aerospace; acted for UniCredit on the financing pertaining to Sazka Group's acquisition of SuperSport; and handled Moneta Money Bank's extension of its CZK50bn domestic bond programme.
Baker & McKenzie s.r.o., advokátní kancelář 's recent highlights include handling acquisition, project and real estate finance transactions, where it acted for banks and debtors; it also advises financial institutions on insolvency, debt restructuring, and the recovery of distressed debts. Practice head Libor Basl advised Československá obchodní banka on a series of refinancing mandates, including the refinancing of a group of companies providing engineering and construction services in the logistics and energy sectors, and the refinancing of certain CTP entities' debts. On the capital markets front, the team assisted Kofola ČeskoSlovensko and Pegas Nonwovens with the delistings from the Warsaw Stock Exchange while remaining listed on the Prague Stock Exchange. Senior associates Lukáš Hron and Marek Disman are also recommended.
Clifford Chance handled a steady stream of real estate acquisition financing mandates. Practice head Miloš Felgr advised UniCredit Bank and HSBC on the refinancing of the existing debt of residential real estate investment company Residomo through a bond issuance, and assisted Sazka Group with the financing of the acquisition of a 67% stake in SuperSport, owner of a leading Croatian online gaming platform. Other instructions include mezzanine financing and high-yield capital markets transactions. The team is also 'excellent at senior associate level', where Vladimír Rýlich, Stanislav Holec and Marian Husár are highly recommended.
Singled out for its solid real estate finance expertise, Dentons' broad practice also advises on major acquisition and leveraged finance, project finance, and export finance transactions, as well as regulatory matters. Clients praise its 'thorough understanding of the needs of both creditors and debtors and the ability to draft solutions that can be used to get the deal done quickly to the satisfaction of both parties'. The team is jointly led by Daniel Hurych and Jiří Tomola, and saw the promotion of Tomáš Osička to the partnership and the hire of associate Jarmila Hager. John Stansfield is another name to note and focuses on emerging markets, and structured trade and export financings and restructurings. The team advised Residomo on the Czech aspects of the issuance of senior secured bonds, and assisted PF Nonwovens with the financing of its acquisition of First Quality Nonwovens and First Quality Nonwovens. It also advised Česká spořitelna and Československá obchodní banka on the syndicated financing of the acquisition of a 70% stake in AutoCont group by KKCG and acted for UniCredit Bank on the refinancing of a number of real estate portfolios of CTP, a leading commercial real estate developer and manager operating in Central Europe.
PRK Partners advises lenders and borrowers on real estate and energy financing transactions. In headline work, Martin Aschenbrenner advised a consortium of financial institutions on the provision of €1.3bn senior facilities pertaining to Lone Star's acquisition of the Xella Group, and Václav Bílý and senior associate Tomáš Bureš assisted UniCredit Bank Czech Republic and Slovakia with a series of financings and refinancings for solar power plants and renewable energy projects. Other names to note include Jan Kohout , who acted for Raiffeisenbank on providing a loan facility to Best Properties South for the refinancing of a business centre and a hotel, and senior associate Jan Ditrych, who specialises in bond issuance and capital markets regulation.
White & Case (Europe) LLP is widely recognised as the leader in the capital markets space, where the team handles complex transactions. Illustrative of this, the team advised Avast Software on financing for the acquisition of AVG Technologies, and, in a separate transaction, handled the $816.6m IPO of Avast Software, the largest ever software IPO on the London Stock Exchange. Other highlights include assisting EP Infrastructure with its successful €750m debut international notes offering and advising PPF Group on its €2.8bn acquisition and related financing of Telenor's telecoms assets. Within its six-partner team, David Plch and Jonathan Weinberg are highly recommended, as are Tomáš Jíně and Jan Linda.
BBH, advokátní kancelář, s.r.o.'s recent caseload features a mix of financing, capital markets and regulatory matters. Among them, the team assisted Rockaway Capital with the €188m financing of its acquisition of Invia.cz and associated online travel business. Other clients include Raiffeisen Bank, Equa bank, Home Credit group and EP Energy. Tomáš Sedláček heads the team, which includes Petr Precechtel and senior associate Zdenek Hustak.
CMS has notable acquisition and real estate financing expertise. In 2017, Pavla Křečková advised Česka spořitelna on the refinancing provided to Passerinvest Group for the purchase of an office complex, and advised Bluehouse, a real estate private equity investment firm, on its acquisition financing for the purchase of a retail shopping complex and hypermarket. Other highlights saw Paul Stallebrass acting for a consortium of lenders on the financing for Rockaway Capital's acquisition of Invia.cz. Anna Radnev is also recommended.
Glatzová & Co., s.r.o.'s recent highlights include advising lenders and borrowers on a range of domestic and cross-border financing transactions. It also handles bond issuances and regulatory matters. Libor Němec and Martin Dančišin now jointly lead the team following the departure of Dana Schweigelová.
Kinstellar handles a range of big-ticket transactions, including syndicated lending, acquisition and real estate transactions, as well as structured, export and trade finance mandates. It advised Metal Trade Comax on the financing aspects of its acquisition of Oetinger Aluminium Group from Orlando Management AG. Květoslav Krejčí and counsel Martina Březinová are the main contacts, alongside managing partner Lukáš Ševčík, who handles regulatory matters and acquisition financing mandates.
Cerha Hempel's team, led by Martin Kartner, handled a steady stream of insolvency financing loan transactions as well as financing mandates. Vítkovice Heavy Machinery, CTP Invest, International Investment Bank and Erste Group Bank feature in its client list. Jiří Salač left to establish establish a new firm in 2018.
Dunovská & Partners is praised for its 'flexible and creative approach, quick responses, and excellent quality of services'. The team advises Československá obchodní banka on restructuring matters and acquisition finance transactions. Practice head David Urbanec is singled out for his 'comprehensive knowledge of business and finance law'. Other recommended practitioners include Barbora Simon Dunovská and Jan Vavřina .
HAVEL & PARTNERS s.r.o., attorneys at law
HAVEL & PARTNERS s.r.o., attorneys at law has particular expertise in syndicated lending, acquisition finance and structured finance transactions. Its client roster includes Raiffeisenbank, Československá obchodní banka and Sberbank CZ. Jan Topinka is recommended for corporate financing, capital markets and regulatory matters. Ivo Průša joined Kocián Šolc Balaštík in June 2018.
Kocián Šolc Balaštík
Kocián Šolc Balaštík is praised for its 'focus on client's needs and risk mitigation'. The 'goal-oriented' team has 'in-depth knowledge of the very specific issues relating to securities law', and advised Energo-Pro on its Eurobond issuance. Acquisition financing, real estate financing and banking litigation are other strengths. Martin Krejčí and Petr Kasík jointly head the practice.
Squire Patton Boggs s.r.o., advokátní kancelář has notable expertise in export financing. Recent highlights saw of counsel Hana Čekalová assisting Czech Export Bank with $130m financing to Indonesia for the purchase of military equipment. Real estate acquisition financing transactions and insolvency proceedings are also among the recent workload. Practice head Danica Sebestova heads the team. Vladimira Papirnik retired.
Wolf Theiss' recent mandates include advising on a mix of cross-border acquisition financing, local energy project financing and regulatory matters. Recently promoted partner Jan Kotous leads the team, which was strengthened by the hire of Martin Koláček, who joined from Bird & Bird s.r.o. advokátní kancelář and Tomáš Šlechta, who previously worked for the government. Robert David was a new arrival from BADOKH in March 2019.
Balcar, Polanský & Spol
Balcar, Polanský & Spol is particularly experienced in banking litigation including bankruptcy and insolvency proceedings. The team is now led by Marek Pilař following the departure of Bystrik Bugan, who set up a new firm. Komerční banka and Česká spořitelna are among its clients. The team handled an insolvency matter relating to the financing of a Czech company.
Giese & Partner, s.r.o. focuses on acting for major international banks on real estate financing transactions. Martin Holler and Jitka Sytařová advised Deutsche Pfandbriefbank and Landesbank Hessen Thüringen on the refinancing of an existing bank loan and new financing for the development of a logistic park. The team also assisted Deutsche Pfandbriefbank with the financing of the acquisition of a real estate portfolio owned by the Central European Industrial Fund. UniCredit Bank Austria, Berlin Hyp and Bayerische Landesbank are also clients.