Linklaters has advised CP Developer S.a r.l. on its PLN 1.4 billion long-term forward sale of 2,500 rental apartments to Sweden’s Heimstaden Bostad. Dentons advised the buyer.
Dentons has advised titanium producer VSMPO-AVISMA Corporation on an English law-governed unsecured five-year club loan facility for up to USD 400 million provided by a number of international banks. The mandated lead arrangers included Societe Generale, Credit Agricole Corporate and Investment Bank, Banca Intesa, Intesa Sanpaolo Bank Luxembourg S.A., and UniCredit S.p.A., with the latter four banks also serving as book-runners. Bank Zenit and Bank ICBC were lead arrangers. ING Bank N.V. acted as agent and UniCredit S.p.A. acted as documentation agent.
Kinstellar has advised a syndicate of Raiffeisenbank, UniCredit Bank Czech Republic and Slovakia, and Komercni Banka Raiffeisen on financing it provided to Raiffeisen Leasing for that company's acquisition of the Proton Therapy Center Czech from Immorent. Kinstellar also Raiffeisen Leasing on the underlying deal. Dentons advised Immorent. Hoffmannova Koranda reportedly also advised Immorent and Strnad Joch Lokajicek Advokati reportedly advised the Proton Therapy Center Czech.
BDK Advokati and Lakatos, Koves & Partners have advised Hungarian real estate investor Indotek Group on its EUR 267.6 million acquisition of 11 office buildings from Globe Trade Centre in Belgrade, Serbia. Zavisin Semiz & Partneri advised GTC on the Serbian legal aspects of the deal. The Budapest office of Dentons also reportedly advised the seller.
Dentons and Baker McKenzie have advised international investment manager BentallGreenOak on its acquisition of three 7R Park Tczew warehouses from 7R. Wolf Theiss advised the seller. DLA Piper advised Dutch banking and financial services provider ING on its provision of financing for the transaction.
Shortly after the Hungarian Competition Authority’s (“HCA”) notice related to fines in antitrust cases came into force on January 1, 2021, the HCA issued an amendment, which came into force on April 22, 2021 (the amended notice being the “New Notice”). The New Notice seems to strengthen the wide derogated powers of the HCA in antitrust cases and may lead to higher fines. However, companies may be able to reduce fine amounts by offering compensating remedies.
Dentons has advised a syndicate of four banks headquartered in Prague – Komercni Banka, Ceska Sporitelna, Ceskoslovenska Obchodni Banka, and UniCredit Bank Czech Republic and Slovakia – on the financing of DEK’s acquisition of Best, including the refinancing of the Best group. Financial details were not disclosed.
The following Q&A is an extract of the May 2021 edition of the Private Equity Trends Monitor, which provides you with an up-to-date overview of the latest and anticipated trends across the European private equity sector. This extract covers private equity deal activity in Central and Eastern Europe.
Schoenherr has advised Ventus LLC and Sky Logistica on the acquisition of Skyport, a cargo operator based in the Czech Republic and Slovakia, from the Czechoslovak Group, a.s.. In a parallel transaction, Schoenherr also advised Elite Partners Capital on the acquisition of the Skyport RE cargo property company from the Czechoslovak Group. Dentons advised the Czechoslovak Group on the parallel deals.