Kinstellar has successfully advised the founders of the Czech crowdfunding platform Roier on a new, multi-million Czech crown investment. Roier brings together investors and companies seeking financing for their real estate projects. It enables investment in corporate loans secured by real estate property and has financed projects totalling approximately CZK 275 million in two years of market presence. The Kinstellar team was led by Kamil Blažek (Partner) and Martina Březinová (Counsel). Other team members included Michal Kníž (Managing Associate) and Jakub Šťastný (Senior Associate). For more information, please contact Martina Březinová at martina.brezi
Kinstellar is proud to have advised Rheinmetall on the signing of a cooperation agreement with Ukraine’s state-owned defence industry concern, Ukroboronprom. The two major defence manufacturers intend to create joint capabilities domiciled in Ukraine through setting up a joint venture, which is expected to be operational from mid-July 2023. Starting with the maintenance of military vehicles, the parties plan to move to the transfer of technology, joint production of selected Rheinmetall products in Ukraine, to potentially joint development of military systems, including for subsequent export from Ukraine. The entrance of Rheinmetall marks a new exciting chapter in the development of Ukraine’s defence industries
Kinstellar has recently advised Tempo Software, a leading provider of portfolio management solutions for product development organizations, on the acquisition of Amovos, which operates the Old Street Solutions brand. Old Street Solutions is an Atlassian Marketplace Partner simplifying Jira and Confluence with their popular Custom Charts for Jira and Custom Charts for Confluence apps. The acquisition will expand Tempo’s Atlassian-based product suite providing users with easy-to-use, customizable data visualizations of Jira data, so teams can focus on getting work done quickly, not struggling with complicated corporate reporting tools. Mark Lorion, CEO at Tempo Software, said: We’re thrilled to welcome Old
Kinstellar has successfully advised S IMMO AG, a real estate investment company, on its acquisition of three office buildings and one hotel in the Czech Republic from CPI Property Group. The assets include the Mayhouse and Luxembourg Plaza offices in Prague, ZET.office in Brno, and the Courtyard by Marriott Prague City hotel. The four assets have a total value of EUR 167.7 million and generate annual income of close to EUR 8.4 million. The Kinstellar team was led by Klára Štěpánková (Partner) and included Martin Holub (Managing Associate) and Dominik Ševců (Junior Associate). Other team members included Jakub Šťastný (Senior Associate), Anna Veselská (Associate), Arťom Gnědin (Associate), Adam Němec (Managing
Kinstellar is pleased to announce the successful completion of its advisory role in facilitating the exit of KG CURA Vermögensverwaltung G.m.b.H. & Co. from a joint venture with G City Europe (formerly Atrium European Real Estate). The joint venture pertained to the ownership of Arkady Pankrac, a premium shopping centre with a focus on fashion, located in one of Prague's most prominent business and residential districts.The core team consisted of Partner Karla Rundtová and Managing Associate Adam Němec, with an essential support from Junior Associate Paul Válka.
Kinstellar, together with Linklaters LLP, has successfully advised a syndicate of leading banks—led by ING Bank N.V., London Branch and comprising ING Bank N.V., Citigroup Europe plc Dublin – Romania Branch, UniCredit Bank S.A., Raiffeisen Bank S.A., BRD – Groupe Société Générale S.A., and ING Bank N.V. Amsterdam, Bucharest Branch—on a EUR 500 million senior facility agreement granted to Romanian telecommunications service provider RCS & RDS. The loan consists of a term loan in the amount of EUR 150 million, a revolving loan in the total amount of EUR 100 million, and one or more additional facilities in an aggregate amount of up to EUR 250 million with a maturity of up to five years. The amount
Kinstellar has successfully advised its Italian client on the sale of the renowned Hotel Sovereign in the heart of Prague. The team, led by Klára Štěpánková (Partner) and supported by Arťom Gnědin (Associate), provided comprehensive legal services that demonstrated Kinstellar's deep expertise in navigating the complex legal, regulatory and commercial aspects of hotel transactions. The sale of this historic property, known for its distinctive charm and unparalleled city centre location, represents a significant hotel transaction in the current market. We were delighted to collaborate with the Italian lawyer Luigi Croce from Nctm Studio Legale in Milan.
Kinstellar, working with Morgan Lewis London, has advised TAWAL, the leading integrated ICT infrastructure provider in the Kingdom of Saudi Arabia, on the local law aspects of their successful bid to acquire the tower assets of United Group B.V., consisting of more than 4,800 towers across Bulgaria, Croatia and Slovenia, for EUR 1.2 billion. The closing of the transaction is subject to customary regulatory approvals. Kinstellar assisted with due diligence, regulatory advice and local law support on the transaction documents in Bulgaria and Croatia, and ODI Law in Slovenia provided assistance on all Slovenian law aspects of the transaction. The regional team was led by Diana Dimova, Partner in Sofia. The team in Bulgaria
Kinstellar is delighted to announce that it has advised a holding company of a leading Ukrainian pharmaceutical company, YURiA PHARM, on the two-stage acquisition of a pharmaceutical company in Uzbekistan. The acquisition, which was supported by financing from an international financial institution, will enable Yuria Pharm to maintain exports despite the war, localise and increase production in Uzbekistan as well as allocate more critical medicine to the market in Ukraine. Our team undertook comprehensive due diligence and advised on transactional, corporate governance, regulatory, anti-trust as well as financing-related and other matters. Kinstellar’s team was led by Sherzod Yunusov, Partner, with the support
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 has successfully advised the owner of Unuodesign, a Czech manufacturer and seller of children's clothing and fabrics, on the sale of a majority stake in the company to Hartenberg Holding, an investment fund focused on the Central European region. Kinstellar advised the seller throughout the entire transaction, including advice on shareholder relationship arrangements and deal structuring. The deal's value was not disclosed. The Kinstellar team was led by Jan Juroška (Partner) and was supported by Matěj Večeřa (Senior Associate). For more information please contact Jan Juroška, Partner, at .
Kinstellar is delighted to announce that it has successfully advised Silk Road Fund, a development and investment fund established under the framework of the Belt and Road Initiative, on the acquisition of a 49% stake in the 1.5 GW Sirdarya combined cycle gas turbine (CCGT) facility in Uzbekistan. ACWA Power will retain a 51% stake in the facility. JSC “National Electric Grid of Uzbekistan” will be the sole off-taker under the project for a period of 25 years. Located in Shirin, southern Uzbekistan, the project will support the Republic of Uzbekistan in providing cost-effective and energy efficient power solutions for the nearby communities and eliminate 2 million tonnes of carbon emissions per year. Once