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.