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CMS and Havel & Partners Advise on AnaCap’s Sale of Equa Bank to Raiffeisen

CMS and Havel & Partners Advise on AnaCap’s Sale of Equa Bank to Raiffeisen

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CMS has advised AnaCap Financial Partners on its sale of the Equa Bank to Raiffeisen Bank International, acting through its Czech subsidiary. Havel & Partners and Linklaters advised the buyer on the deal.

Financial details of the transaction were not disclosed.

AnaCap Financial Partners is a London-based privately held investor in the financial services sector. Since its establishment in 2005, AnaCap has raised more than EUR 4.5 billion in Capital.

Equa Bank is a Czech full-service bank that primarily focuses on private individuals and SME businesses.

The CMS team was led by UK Partner Dipesh Santilale and included Partner Paul Edmondson, Senior Associate Jamie Burgess, and Associate Jennifer Ross, and Prague-based Managing Partner Helen Rodwell, Counsel Patrik Przyhoda, Senior Associate Lukas Valusek, and Associate Stepan Havranek.

The Havel & Partners team consisted of Partner Jan Koval and Counsel Petr Dohnal. 

Editor's Note: After this article was published, PRK Partners informed us that it had advised Equa Bank and its management in connection with the sale. The firm's team was led by Partner Radan Kubr, working with Attorney at Law Milan Sivy. According to PRK Partners, "the settlement of the transaction is conditional on satisfaction of usual conditions precedent, including obtaining requisite regulatory approvals."

Subsequently, Havel & Partners informed CEE Legal Matters that on April 13, 2021, the Czech Competition Authority granted its approval for the acquisition. Havel & Partners assisted Raiffeisenbank a.s. with this stage of the transaction as well.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

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