August 2024 – Kinstellar has successfully advised on the Czech law aspects of the combination of the businesses of Germany-based KTP Kunststoff Palettentechnik, a portfolio company of VR Equitypartner, and Belgium-based conTeyor International, majority-owned by Gilde Equity Management.
The transaction creates a leading group in the sustainable packaging sector, combining KTP's foldable container expertise with conTeyor's textile inner packaging solutions. The newly formed group is expected to generate sales of approximately EUR 200 million annually and employ around 1,000 people.
The Kinstellar team in Prague was led by Karla Rundtová (Partner) and included Adam Němec (Managing Associate) and Tereza Holubová (Senior Associate) and supported Orrick, Herrington & Sutcliffe (Munich), the lead legal counsel to VR Equitypartner.
The transaction is expected to be completed by the end of this year, subject to regulatory approvals.