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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.

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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