NEWS & INSIGHTSUp-to-date.
- Home
- News & Insights
SEARCH BY
LATEST
Kinstellar advises on EUR 2 billion long-term financing for the BENTELER Group
Kinstellar acted as the Czech counsel for the initial purchasers and lenders in connection with the debut offering by BENTELER International AG of two senior secured high-yield bonds due in 2028 with volumes of EUR 525 million and USD 500 million, together with the provision of a EUR 810 million syndicated term loan and a EUR 250 million revolving credit facility. The proceeds from the bond and the term loan will be used to fully refinance the existing restructuring indebtedness of the BENTELER Group. Headquartered in Salzburg, Austria, BENTELER Group is a global business dedicated to the conception and production of intricately crafted, customised components and modules tailored for the worldwide automotive sector, encompassing
Kinstellar dispute resolution team in Bratislava successfully defends its client in commercial litigation
Kinstellar’s dispute resolution team in Bratislava, led by Michal Hrušovský, has successfully defended its client in commercial litigation before Slovak courts against the “alleged” owner of a receivable. The dispute contained various foreign elements. The claimant asserted that a receivable of the original owner (the client’s former supplier of automotive components) was assigned to it based on an assignment agreement governed by foreign law. Despite the fact that the District Court in Banská Bystrica had issued a payment order, on behalf of the respondent we appealed and sufficiently evidenced to the competent court in subsequent proceedings that the “alleged” assignment was not valid and that the receivable
Kinstellar, Gen Temizer Özer advise Gora Family on the sale of 100% of their shares in Murat Ticaret to Volex plc
Kinstellar, Gen Temizer Özer have successfully advised the Gora Family on the sale of 100% of their shares in Murat Ticaret, a Turkish complex wire harness manufacturer, to Volex plc, a UK-listed specialist integrated manufacturer of critical power and data transmission products, for a total consideration of up to approximately EUR 178.1 million, together with a placing and retail offer to raise gross proceeds of approximately GBP 60 million in aggregate. As part of the consideration, the Gora Family will be entitled to receive ordinary shares of Volex plc. The transaction is expected to close in the third quarter of 2023, subject to, inter alia, approval by the Turkish and Macedonian competition authorities. Established
Kinstellar advises Crédit Agricole Consumer Finance and Stellantis on the acquisition of LeasePlan’s operations in the Czech Republic
Kinstellar, in collaboration with Linklaters, has successfully advised Crédit Agricole Consumer Finance and Stellantis on their acquisition of the Czech operations of LeasePlan from ALD Automotive. The deal follows ALD's announcement in January 2022 of its intention to acquire 100% of LeasePlan. Kinstellar successfully advised on the Czech aspects of the transaction. This strategic acquisition includes ALD's operations in Ireland, Norway, and Portugal, as well as LeasePlan's business activities in the Czech Republic, Finland, and Luxembourg. It marks a significant step forward in Crédit Agricole Consumer Finance and Stellantis' pursuit of growth in the mobility and long-term vehicle leasing sectors. The disposals align
Kinstellar advises Genesis Growth Equity Fund I (GGEF I) on the acquisition of JP-PROLAK
Kinstellar has successfully advised Genesis Private Equity Fund I (GPEF I) on its acquisition of JP-PROLAK, a Czech engineering company specializing in the custom manufacturing of a wide range of industrial products. Based in the town of Opatov u Svitav (Pardubice region), JP-PROLAK specialises in the custom manufacturing of small and medium-sized batches of a wide range of industrial products. The firm caters to customers across various industries, including mechanical, agricultural, electrical and automotive. Offering state-of-the-art technologies in the field of laser sheet metal cutting, bending, CNC machining, welding and powder coating, JP-PROLAK has been on the market since 1992. The deal's value has
Kinstellar co-advises Plastic Omnium on its EUR 520 million acquisition of Varroc Lighting Systems
Kinstellar’s Prague and Sofia offices, together with Linklaters, have successfully advised Plastic Omnium on its acquisition of Varroc’s automotive lighting systems business (VLS) from Varroc Engineering Limited. VLS, a Tier-1 supplier of automotive lighting systems with sales of approximately EUR 800 million in 2021, will be integrated into Plastic Omnium's new Lighting division, which generated pro forma sales of approximately EUR 1 billion in 2021 and employs 7,000 people in 11 plants worldwide. The Kinstellar team was led in Prague jointly by Karla Rundtová (Partner) and Adam Němec (Managing Associate) and also involved Petra Ledvinková (Senior Associate), Jakub Šťastný, Anna Veselská, Tereza Mašková
Kinstellar advises Genesis Capital and Integral Venture Partners on the acquisition of BORCAD
Kinstellar has successfully advised Genesis Private Equity Fund IV (GPEF IV), the newest private equity fund of Genesis Capital, and Evolving Europe Principal Investments I (EEPI I), a private equity and growth capital fund advised by Integral Venture Partners, on its acquisition of BORCAD, an innovative producer of train seats and interior equipment for passenger trains based in Fryčovice, Czech Republic. BORCAD is a leading European producer of railway technologies and offers a full range of seats for personal carriages, from standard seats for regional trains to luxury, fully electrically operated seats for long-distance trains. In its more than 30-year history, the company has produced nearly 500,000 seats for
Kinstellar advises Business Lease Group on a EUR 242 million cross-border syndicated refinancing loan
Kinstellar is pleased to announce that it has successfully advised Business Lease Group B.V., a car-fleet management services provider, and its CEE subsidiaries, on a EUR 242 million syndicated cross-border refinancing loan covering the Czech Republic, Hungary, Romania and Slovakia. The refinancing loan, which was granted based on a multicurrency term and revolving facilities agreement, will be used for company operations. Business Lease Group B.V., a mobility services provider with a solid reputation across Europe, is part of the AutoBinck Group, one of the largest players in the European mobility market with over 100 years of experience in automotive services. Kinstellar’s cross-border team was coordinated from
Kinstellar advises Faurecia Seating on expansion in the Czech Republic
Kinstellar’s Prague office has successfully advised Faurecia Seating Plzeň on its plant expansion in Nýřany, the Czech Republic. The entire process, including site selection, lease negotiation and changing of necessary permits took only 11 months, which is unprecedented, as negotiations took place primarily online due to the Covid-19 pandemic. The new, built-to-suit premises comprise 12,700 m2 of industrial and administrative space, which Faurecia Seating Plzeň will use to produce automobile seats for vehicles produced by BMW, Opel, Volkswagen and others. Faurecia has had a production facility on site since 2013. The Kinstellar team included Karla Rundtová (Partner) and Jan Lehký (Counsel). Faurecia
Kinstellar advises Raiffeisenbank on the financing for the acquisition of Trestles, in the Czech Republic
Kinstellar has successfully advised Raiffeisenbank on the financing for the acquisition of Trestles, a manufacturer of handling and storage equipment with offices in the Czech Republic, France, Austria and Poland. Kinstellar advised on the drafting of loan and security documentation and on the escrow agreement for settlement of the purchase price. The value of the deal has not been disclosed. The Kinstellar team was led by Martina Březinová (Counsel) and included Jakub Šťastný and Alice Radvanovská (Junior Associates). For more information please contact Martina Březinová, Counsel, at martina.brezinova@kinstellar.c om.
Kinstellar advises on the acquisition financing of DCK Holoubkov Bohemia
Kinstellar has successfully advised Raiffeisenbank on the financing for the acquisition of DCK Holoubkov, a company focusing on the production of all-plastic outdoor low-voltage distribution switchboards, with an annual production of around 120,000 pcs. The main customers are Czech energy companies and wholesale organisations focused on electrical installation materials. Kinstellar advised on the drafting of loan and security documentation and the escrow agreement for settlement of the purchase price. The value of the deal has not been disclosed. The Kinstellar team was led by Martina Březinová (Counsel) and included Jakub Šťastný and Igor Šebo (Junior Associates). For more information please
Kinstellar announces two Partner appointments
Kinstellar, Emerging Europe and Central Asia’s leading independent law firm, is delighted to announce the promotions to Partner of Antonia Mavrova in Sofia and Tomáš Čihula in Prague. Antonia Mavrova, Sofia Antonia has been with Kinstellar since the launch of our Sofia office in 2014 and has been instrumental in the development of the Sofia office and its real estate practice. She also serves as head of our regional Automotive & Industrials sector and has been working tirelessly to build and develop our track record in this area. Antonia has 20 years of experience advising on real estate investments. Her expertise includes the structuring and acquisition of large real estate portfolios; the sale and