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Kocian Solc Balastik and Havel & Partners Advise on First Search Fund Acquisition in Czech Republic

Kocian Solc Balastik and Havel & Partners Advise on First Search Fund Acquisition in Czech Republic

Czech Republic
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Kocian Solc Balastik has advised Continuum Search Fund on its acquisition of exhibition stand manufacturers Best Expo and IRE — the first acquisition by a search fund in the Czech Republic. The sellers — entrepreneurs Hellen Berends and Petr Kotvas — were advised by Havel & Partners.

Search funds are vehicles enabling investors to provide capital to promising managers. According to KSB Partner Christian Blatchford, “in essence, the concept involves managers searching for, managing the acquisition of, and then running target companies with funding from private investors. The managers can also invest their own money. The managers’ equity stake will increase over time, and on the basis of the financial performance of the acquired companies."

Blatchford explained that, “since this was the first Czech deal, we had to engineer the implementation of these concepts using Czech corporate and contract law. I’d like to think that we found innovative and efficient solutions."

The KSB team was led by Partner Christian Blatchford and included Senior Associates Jan Beres and Ivo Prusa and Associates Tomas Zach and Jakub Porod.

The Havel & Partners team included Partner Vaclav Audes, Associate Veronika Filipova, and Junior Associate Monika Hospudkova.

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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