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Schoenherr Advises on Avia Prime's Strategic Partnership with Hartenberg

Schoenherr Advises on Avia Prime's Strategic Partnership with Hartenberg

Slovenia
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Schoenherr, working alongside lead counsel Gessel, has advised Adria Tehnika on the establishment of a strategic partnership with Czech investment firm Hartenberg Holding. The transaction was announced in November 2017.

The partnership was established with the acquisition by Hartenberg of a 50% stake in Avia Prime, which is the 100% shareholder of Adria Tehnika. 

Adria Tehnika, which is based in Ljubljana, is a Slovenian maintenance, repair, and overhaul provider for narrow-body passenger aircraft, and according to Schoenherr, “it is the only certified service center in Europe for Bombardier airplanes.” The company started its operations in the 1960s and currently has a total hangar capacity of three slots for C-type planes of approximately 6,500 square meter.

Hartenberg Holding is an investment company focused on assets in Central Europe -- primarily the Czech Republic, Slovakia, and Poland -- with equity commitments from the founders reaching EUR 200 million.

Schoenherr assisted Adria Tehnika on the conversion from a joint-stock company into a limited liability company, advised on the Slovenia-related pre-closing reorganisation, and supported in the refinancing of the Polish Avia Prime group, which owns Adria Tehnika.

The firm's team included Partners Marko Prusnik and Vid Kobe, Attorney at Law Eva Mozina, and Associates Nives Slemenjak, Lilit Zavasnik, and Simon Tertnik.

Gessel did not reply to an inquiry on the matter

 

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