Corporate Transactions Capabilities – Czech Republic

Weinhold Legal, ALFA International’s member firm in the Czech Republic, renowned as the premier legal institution in Denmark, the firm’s extensive clientele encompasses various Danish and international private, public, and state entities, spanning sectors including renewable energy, banking, pension funds, insurance, private equity, and more.

Types of corporate transactions in which our firm has particular expertise

  • General MA transactions
  • Venture capital transactions/Start ups
  • Corporate real e transactions
  • Insurance sector
  • Online marketplace transactions

The size of our firm’s corporate transactions team

  • 20

Examples of transactions our firm has undertaken

 

Weinhold Legal provided legal services to the vendor, including assistance in organisation of bidding procedure, negotiation assistance, drafting and commentary on the Czech and English law governed transaction documentation and related advice, on the sale to Heineken of Drinks Union, one of the largest Czech brewery groups including four breweries in North and East Bohemia (two in Ústí nad Labem, and one in Louny and Kutná Hora), with a total beer production capacity of nearly 1 million hectolitres, more than 500 employees, a turnover exceeding a billion CZK annually and a brand portfolio consisting of the national brand Zlatopramen and other regional brands, e.g. Březňák, Louny, Lorec, Jarošov, Pivrnec and Dačický brands. Our services also included a split-off of the third largest Czech liquor production business from the beer business into a newly created subsidiary called Granette.
   Weinhold Legal provided comprehensive legal services to Enel the winning bidder in the Slovak Republic’s largest privatisation project (the offering price exceeded EUR 840 million) with respect to Slovenské elektrárne (the primary Slovak producer of electricity), including due diligence and negotiation assistance with the Slovak government.

Weinhold Legal provided also significant post-acquisition legal services to Enel, in particular in the regulatory, corporate and labour law areas. Weinhold Legal has been also selected by Enel to provide support in respect of construction of blocks 3 and 4 of the nuclear power plant Mochovce, one of the most important nuclear energy construction projects in the region.

Weinhold Legal provided legal services to Aelia, a member of the Lagardére group, in its successful bid to acquire Czech Airlines’ on-board sale and duty-free business for CZK 764 million (nearly EUR 30 million). The services included due diligence, transactional structuring, negotiation of two contracts, assistance in an auction resolving among shortlisted bidders, and representation in anti-monopoly clearance proceedings.

Weinhold Legal provided legal services to Aelia (Lagardère Group) in connection with the acquisition of 15 duty free shops at the Prague Airport in Ruzyně from the Unimex Group. Our legal services included comprehensive legal due diligence, structuring the transaction, drafting of contractual documentation and representation before the antimonopoly office.

Weinhold Legal provided legal services to Lagardère group in connection with „walk through“ zones on Prague airport’s terminals. Legal services included negotiation of terms and conditions of the construction zone of long-term leases with the Prague Václav Havel Airport.

Weinhold Legal assisted Lagardére Travel Retail, the global operator of duty-free shops, in the concession procedure that it won to become the operator of duty-free shops at Václav Havel airport. In winning the tender Lagardére acquired a contract to lease 24 business units with an area of 4,371 square meters. The initial term of the contract is ten years, during which the total rent is up to 8 billion Czech crowns.

Weinhold Legal further assisted Lagardére Travel Retail in its successful concession bid to operate travel essentials shops at Václav Havel airport. Travel essentials includes smaller products such as travel goods, tobacco products, newspapers and magazines, souvenirs, etc.

Weinhold Legal provided legal assistance to Lagardere Travel Retail in connection with its acquisition of a 100% stake in AUTOGRILL Czech s.r.o., which operates several restaurants in Prague at the Central Station and in the shopping centre near the Václav Havel Airport and plans to open another facility in the centre of Prague. In connection with the change of owner, the business name of the purchased company was changed to Lagardere Main Food.

Weinhold Legal advised HDS Retail Czech Republic in connection with its acquisition of a 100% stake in COFFEEHEAVEN Czech, operating in the Czech Republic a coffee chain under the brand “COFFEEHEAVEN”. HDS Retail Czech Republic is a part of the French Lagardére group and operates in the Czech Republic under COSTA COFFEE network of branded coffee outlets (and also runs a chain of retail stores under brand names “Relay“, “Inmedio” and a bakery chain “Paul“). HDS Retail took over the COFFEEHEAVEN chain from its franchisor of the Costa Coffee brand, Whitbread Plc., a UK listed company. Our services included legal due diligence, drafting and preparation of all contractual documentation in accordance with Czech and English law (including the share transfer agreement, license agreements and amendments to franchise contracts), assistance in negotiations and other related legal advice.

Weinhold Legal has provided legal services to HDS Retail Czech Republic, the owner of a chain of retail stores of various international concepts in relation to due diligence exercise and the acquisition of 100% ownership interest in DJ Evropa, which is one of the major tenants of the premises being used for commercial purposes in areas of the Metro where HDS Retail intends to develop for its further activities.

Weinhold Legal provided legal services to HDS Retail in connection with the acquisition of First European Enterprise, provider of the concept of low-cost bakeries with the brand Mr. Baker, which are located mainly in the railway stations of České dráhy (Czech Railways). Our legal services included comprehensive legal due diligence, structuring the transaction and drafting of contractual documentation.

Weinhold Legal advised Hachette Distribution Services (Lagardére Group) on several acquisitions in the Czech Republic. We advised on various aspects of the acquisition and joint venture agreements, including due diligence and negotiations with a large number of parties.

Weinhold Legal assisted Lagardère Services with the acquisition of 50% of Airest Group by Lagardére Services from SAVE. Airest is a subsidiary of SAVE operating in Food & Beverage and Travel Retail, managing more than 200 points of sales in 11 countries, including in Venice Airport. Our advice consisted of the assistance with competition and corporate law issues, including a representation of the client before the Czech Competition Authority in the merger clearance proceedings.

Weinhold Legal further provided Lagardére Travel Retail with complex legal advisory in connection with the acquisition of CITI Tabák, including assistance with negotiations, preparation, adjustment of the contractual documentation and post-closing issues.

Weinhold Legal advised ExxonMobil/ESSO on the disposal of its whole network of petrol stations in the Czech Republic and Slovakia. Together with Hungarian petrol stations, the transaction involved local companies operating 102 ESSO petrol stations, the distribution and sale of lubricants, and aviation businesses delivering to Prague and Bratislava airports.

Weinhold Legal provided complex legal services to ExxonMobil in connection with corporate law in the Czech Republic, including changes in the company bodies, changes to founding documents and related activities.

Weinhold Legal provided legal services to the vendors, including negotiation assistance, drafting and commenting on the Czech and English law governed transaction documentation and related advice, on the sale of a 100% shareholding in Illusion Softworks, a premier Central European-based game development studio with operations in Brno and Prague, the Czech Republic (largest Czech video games producer) to Take-Two Interactive Software, Inc.(a NASDAQ listed developer, marketer, distributor and publisher of interactive entertainment software games which is publishing products through its wholly owned labels Rockstar Games, 2K Games, 2K Sports and 2K Play and distributing software, hardware and accessories in North America through its Jack of All Games subsidiary). Illusion Softworks joined Take-Two’s 2K Games publishing label as its newest studio, 2K Czech and as the creator and owner of several hit video game franchises, including Mafia (the gangster genre game sold in more than two million units), Hidden & Dangerous and Vietcong (closed Dec 2007).
Weinhold Legal advised CBRE Group, a leading global commercial real estate services and investment firm, in its acquisition of 100% of IMPACT-CORTI, a firm specialising in property management in the Czech Republic and Slovakia. Weinhold Legal provided the full range of acquisition services to CBRE including legal due diligence and negotiating and completing all acquisition and related contracts.

Weinhold Legal assisted the CBRE Group with regard to a merger with its daughter company, IMPACT-CORTI, and four subsidiaries of IMPACT-CORTI. The merger of all companies was registered in a one-step process. Our legal services included, inter alia, preparation of comprehensive legal documentation and representation of the participating companies in the registration proceedings, as well as representation of the companies at the General Meeting.

Weinhold Legal advised CBRE on Czech and Slovak legal aspects of the world/wide acquisition of Johnson Controls division.

Resistant AI (formerly Bulletproof) Weinhold Legal advised technology security start-up Resistant AI (formerly Bulletproof.AI) on its recent venture financing round, which included a restructuring of the business prior to the financing round being completed. The co-lead investors are Credo Ventures and Index Ventures, with Seedcamp and angel investors also contributing.