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CMS and White & Case Advise on EUR 220 Million Investment in Rohlik

CMS and White & Case Advise on EUR 220 Million Investment in Rohlik

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CMS has advised a group of investors on a Sofina-led EUR 220 million series D financing round for the Rohlik Group. White & Case advised the Rohlik Group. Linklaters reportedly advised Sofina. Pierstone reportedly advised some of the investors.

Founded in 2014, Rohlik is a grocery retailer in the Czech Republic and CEE, offering over one million active customers access to more than 17,000 items. Rohlik currently operates in Prague, Budapest, Vienna, Munich, and Frankfurt and will soon be launched in Hamburg, Milan, Bucharest, and Madrid. According to CMS, "the newly raised funds will be used to drive further expansion and accelerate technological innovation."

Initially founded as an engineering conglomerate 120 years ago, Belgium's Sofina is now a listed investment company holding equity participations in Europe, the US, and Asia. It focuses on consumer and retail, digital transformation, education, and healthcare. The holding company is headquartered in Brussels with offices in Singapore. 

Last year, CMS and White & Case advised on both the EUR 190 million Series B (as reported by CEE Legal Matters on March 9, 2021) and the EUR 100 million Series C (as reported on July 6, 2021) financing rounds for the Rohlik Group.

"We are delighted to have advised on the further fundraising," CMS Managing Partner in Prague and Bratislava Helen Rodwell commented. "Rohlik’s unique proposition and outstanding customer service make it a compelling prospect for investors, who have been more cautious in the current economic and international climate."

The CMS team included Rodwell and Prague-based Associates Stepan Havranek, Tristan O’Connor, and Moritz Kopka, Bucharest-based Partner Rodica Manea, Consultant David Cranfield, and Associate Cristina Ciomos, Vienna-based Partner Alexander Rakosi and Attorney Florian Mayer, Budapest-based Senior Associate Miklos Boros, with further team members in Germany, Spain, and Italy.

The White & Case team included Partners Jan Andrusko and Jan Stejskal, Associates Iva Cechrakova and Kamila Dankova, and Legal Intern Vaclav Blazek.

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.

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