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Glatzova & Co. and Allen & Overy Advise on Denemo Media Acquisition of Shareholding in FTV Prima

Glatzova & Co. and Allen & Overy Advise on Denemo Media Acquisition of Shareholding in FTV Prima

Czech Republic
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Glatzova & Co. has advised Denemo Media s.r.o. on its acquisition of a 50% shareholding in FTV Prima, with Allen & Overy advising Modern Times Group, the seller.

According to Glatzova & Co., "the cash transaction values 100% of FTV Prima Holding at an enterprise value of EUR 237.4 million."

Denemo Media is a Czech joint venture between Alphaduct, a.s. (with 75% ownership) and GES Media Asset, a.s. (with 25% ownership). Alphaduct, a.s. is owned by Czech businessman Vladimir Komar. GES Media Asset a.s. is part of the GES Group, which already owns 50% of FTV Prima Holding.

Glatzova & Co. also advised Denemo Media on its acquisition of financing for the transaction from Ceskoslovenska Obchodni Banka. As reported previously, Baker & McKenzie advised the lender on that financing.

The Prague-based team Glatzova & Co. was led by Partner Jiri Sixta and included Senior Associate Jan Vesely and Junior Associate Nela Zelenkova.

The Allen & Overy team was led by Corporate Partner Hugh Owen with support from Prague-based Corporate Senior Associate Magda Pokorna, Corporate Counsel Prokop Verner, Trainee Martin Bytcanek, and London-based Associate Marton Eorsi. Specialist antitrust advice was provided by Associate Iva Bilinska.

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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.

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• 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).

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