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Kinstellar advises Pro Partners Holding on the acquisition of a share in AquaCity Poprad waterpark resort from Letheby & Sons Limited

February 2022 – Kinstellar’s Bratislava office has recently advised Pro Partners Holding, a major investment group operating in the CEE region in the field of private equity, real estate and finance, on its acquisition of a minority share in AQUAPARK Poprad, a company operating the AquaCity Poprad waterpark resort, from Letheby & Sons Limited. The transaction also included the acquisition by Pro Partners Holding of land adjacent to AquaCity Poprad for the development of apartments and a residential complex from Scheidegger Training Institute Europe by way of an asset deal. The majority share in AQUAPARK Poprad was acquired by Bluevision, a company owned by the current CEO of the waterpark resort, Richard Pichonský.

Both Letheby & Sons Limited and Scheidegger Training Institute Europe are owned by Jan Telensky, the founder of the AquaCity Poprad waterpark resort and a businessman active in many areas, including hotel management, farming, sports, ecology, as well as philanthropy.

The transaction is one of the largest in Slovakia’s Hotels & Leisure sector in recent years.

The unique AquaCity Poprad multifunctional resort offers accommodation, relaxation and wellness services with possibilities for health tourism, sports, catering and congress services. The waterpark includes 13 outdoor and indoor pools with thermal water, water slides and more than 350 water attractions. The water comes from a natural underground source from a depth of 1,300 meters and contains more than 20 different minerals beneficial to human health.

Kinstellar advised on deal structuring, due diligence, and negotiation of the entire M&A transaction. The value of the deal has not been disclosed.

Tomáš Zedníček, Senior Partner at Pro Partners Holding, commented: We are pleased by the professional and effective transaction support provided by the Kinstellar team, their hands-on attitude and responsiveness.
Viliam Myšička, Partner at Kinstellar, comments: “I am pleased to have worked, together with Kinstellar’s Bratislava team, on a mandate that is representative for the Hotels & Leisure sector in Slovakia. A great client led by a great team!”


Kinstellar’s team in Bratislava was managed by Viliam Myšička, Partner, and included Tomáš Melišek (Counsel), Dáša Labašová, Erik Neupaver, Norbert Štilla (Associates), and Michaela Straková, Matúš Kočíšek, Richard Remeník and Barbora Bláhová (Junior Associates).


For more information please contact Viliam Myšička, Partner, at .

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