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Allen & Overy, RTPR, and Ilej & Partners Advise Financing for Fortuna Entertainment Group

Allen & Overy, RTPR, and Ilej & Partners Advise Financing for Fortuna Entertainment Group

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Allen & Overy has advised CEE betting and gaming operator Fortuna Entertainment Group N.V. and its subsidiaries, on an up to EUR 551 million refinancing for the group. RTPR, Ilej & Partners, in cooperation with Karanovic & Partners, Athos Demetriou Associates, and Carey Olsen advised the group in Romania, Croatia, Cyprus, and Jersey, respectively.

According to Allen & Overy, the EUR 551 million debt refinancing’s purpose was, among others, the refinancing of existing bank debt as well as raising funds for corporate and working capital purposes. “It was made available to nine borrowers from the Group originating from six jurisdictions. Overall, 14 entities from eight jurisdictions were involved in the financing in various roles mainly from the Czech Republic, Croatia, the Netherlands, Romania, Poland, and Slovakia. The financing was closed within six weeks.”

A&O’s Prague-based team included Counsel Petra Mysakova, Associates Martina Kristianova and Pavel Prihoda, and Junior Lawyer David Bujgl, with further help from a Warsaw-based team which included Partners Dan Cocker and Tomasz Kawczynski, Counsel Anna Madra, and Associate Maciej Wroniak, a Bratislava-based team which included Partner Renatus Kollar, Counsel Matus Kudlak, and Associate Petra Dzubakova, and an Amsterdam-based team lead by Partner Aroen Kuitenbrouwer.

Ilej & Partners' team included Senior Partner Goran Ilej, Partner Ivana Sverak, and Associate Barbara Bilic.

RTPR's team included Partner Victor Padurari, Senior Associate Bianca Eremia, Associates Andreea Stoiciu and Lia Ilie, and Junior Associate Iustina Nastasa.

Editor's note: After this article was published, CEE Legal Matters received confirmation that Dentons advised Ceska Sporitelna, Komercni Banka, and UniCredit Bank Czech Republic and Slovakia on the refinancing. Dentons' team was led by Partner Daniel Hurych and included Prague-based Senior Associate Jan Hrivnak and Associate Eva Klimova, Bratislava-based Counsel Patricia Gossanyiova, Senior Associate Petra Strbova, and Associate Richard Marcincin, Bucharest-based Partner Simona Marin, Counsel Oana Ionascu, Senior Associate Lawrence Florescu, and Associate Isabela Gheorghe, Amsterdam-based Partner Marcel Janssen and Associates Shivaughn Tets and Daan Overwater, and Warsaw-based Partner Piotr Nerwinski, Senior Associate Mateusz Krajewski, and Associate Marta Borowska.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 250 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  150 of the Fortune 500 companies, almost 50 of the Czech Top 100 companies and 20 of the TOP 100 Slovak companies. HAVEL & PARTNERS currently provides its services to a total of 2,500 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 languages in more than 110 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 global rating agencies Chambers and Partners (2020, 2021) 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 four -time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019, 2020). 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). 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 Czech Republic since 2010. 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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