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CMS Advises on Slevomat Sale to Secret Escapes

CMS Advises on Slevomat Sale to Secret Escapes

Czech Republic

CMS has advised investment companies Miton, Enern, and In-Bridge, on their sale of Slevomat Group, a company holding deal websites in the Czech Republic and Slovakia, to UK-based travel company Secret Escapes. 

According to CMS, "through its websites Slevomat offers discounts on travel and entertainment packages and a range of other goods and services. It has over a million customers globally and a turnover of around EUR 90 million." In addition, the firm reports, "Secret Escapes was founded in 2011 and it is currently active in 21 markets in Europe, America and Asia. It is backed by a number of investors including Google Ventures. The company is rapidly growing company and expanded into the Czech Republic, Slovakia, and Hungary last year under its Travelist brand. The transaction was the largest acquisition of the company to-date. The deal value remains undisclosed." 

The CMS team was led by Partner Helen Rodwell and included Frances Gerrard, Lucie Halloova, Andrea Cervenkova, Pavel Kocian, Jamie Gordon, Filip Gvozdek and Jiri Petura.

CMS did not identify counsel for the buyers on the deal. 

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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