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CMS, Clifford Chance, and A&O Advise on Advent's Sale of TES Vsetin to ARX Equity Partners and Underlying Financing

CMS, Clifford Chance, and A&O Advise on Advent's Sale of TES Vsetin to ARX Equity Partners and Underlying Financing

Czech Republic
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CMS Prague has advised Advent International on its sale of TES Vsetin to ARX Equity Partners. Clifford Chance advised the buyers on the deal, and Allen & Overy advised Raiffeisenbank a.s. on the acquisition financing.

Financial details of the transaction were not disclosed.

Founded 20 years ago, ARX Equity Partners is a private equity firm that supports growth and development of mid-sized companies in Central Europe.

TES is a European industrial designer and manufacturer of tailor-made power generators, motors, drives, and other electrical machines and their system components. TES was founded in 1919 and is based in the Czech Republic with a representative office in Germany.

CMS reports that, as part of the transaction, ARX has agreed to partner with the TES's existing management team, which will lead the company's future growth and development.

The CMS team was led by Prague Managing Partner Helen Rodwell, supported by Senior Associates Pavel Srb and Frances Gerrard.

Clifford Chance's Prague-based team was led by Partner David Kolacek, assisted by Partner Milos Felgr, Counsel Michal Jasek, Associates Veronika Kinclova and Dominik Vojta, and Junior Lawyers Martin Urban and Matej Ridky.

The Allen & Overy team was led by Senior Associate Petra Mysakova and included Associate Pavel Prihoda and Junior Lawyer David Bujgl

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.