408 | 2017 | The Leading Law Firms
legal advisor for M&A work in the Czech Republic by both deal count and deal value in 2015. No other law firm in the Czech Republic made it into the top three rankings in both categories in 2015. To further illustrate this, White & Case was named CEE Legal Advisor of the Year at the Mergermarket European M&A Awards in 2015. By way of further proof, our team advised on the single largest M&A deal among private owners in CEE in 2015, the €1.16 billion sale of Czech CGS Holding to Swedish industrial giant, Trelleborg. White & Case has the largest and most experienced bank finance team in the Czech Republic, and has completed more than 150 financing transactions in the last twelve months. As demonstrated below, we played a leading role on the largest financing ever executed in the Czech Republic, and many of the deals executed by our team include first-of-akind structures, bringing global best practice bank finance techniques to clients operating here. This includes being the only law firm in Prague with the local capability to offer Czech, English and U.S. law expertise on all types of financings, including senior, mezzanine and high-yield financings. The team of White & Case in Prague is currently involved in all major ongoing financial restructuring and insolvency projects across the domestic market. Given the confidential character of these projects, most of them are unfit for publication; from among the engagements where our involvement is public knowledge (because of mandatory notification in the insolvency register), we may cite the unique pre-approved reorganization of Motorpal, a.s. or the financial restructuring of Vítkovice Group as particularly noteworthy examples.
SELECTED SIGNIFICANT PUBLIC MATTERS FROM LAST 12 MONTHS Our strengths in the Czech Republic have led us to have an excellent last twelve months, as one can see from the multiple multi-billion dollar headline mandates outlined below. We have achieved these results despite one of the toughest markets for decades. We believe the items below best highlight our strength as a legal service provider in the Czech Republic. White
& Case represented the owners of ČGS Holding a.s., the Czech Republic-based rubber conglomerate with leading positions in agricultural
and speciality tyres as well as engineered polymer solutions, on the sale to Swedish industrial giant, Trelleborg. The total cash consideration amounts to approx. CZK 31.6 billion (EUR 1.16 billion) on a cash and debt free basis. Our client employs approx. This transaction represents the most significant M&A deal among private owners and strategic investors in CEE in 2015. White & Case advises Avast Software, one of the world's major players in the security software market, on its agreement to acquire New York Stock Exchange-listed AVG Technologies N.V., a developer of business, mobile and PC device security software applications, for a total consideration of USD 1.3 billion. White & Case represented a private client account managed by Palmer Capital, the real estate investment management company, in the EUR 100 million acquisition of a portfolio of retail assets in the Czech Republic from Atrium European Real Estate, a leading owner, operator and developer of shopping centres in Central and Eastern Europe. The portfolio consists of 10 retail assets located throughout the Czech Republic, with a total lettable area of approx. 86,200 square meters, and comprises smaller format retail properties. White & Case has advised an investment vehicle advised by Macquarie Infrastructure and Real Assets (MIRA) on its EUR 79 million acquisition of a 132,000 square meter portfolio of four logistics and light industrial assets in the Czech Republic and Slovakia from joint sellers HB Reavis Group and HB Reavis CE REIF fund, each of which held two assets. White & Case represented EP Infrastructure, a.s. (EPIF), a leading energy infrastructure utility operating primarily in the Slovak Republic and the Czech Republic, fully owned by Energetický a průmyslový holding, a.s. (EPH), a leading Central European energy group, in its contemplated initial public offering of ordinary shares and GDRs of EPIF and listing of the ordinary shares on the Prague Stock Exchange and GDRs on the London Stock Exchange. At a very final stage of the process, EPH has decided not to proceed with the selling of a minority stake in EPIF via an initial public offering. The contemplated offering would have been the first substantial IPO on the Prague Stock Exchange for several years, the estimated value of the IPO by Reuters and the Financial Times was several billions of euros.