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Deals July 2024

Kinstellar and KST Law advise Grupo Antolin on the sale of a stake in the Turkish joint venture Ototrim

Kinstellar and KST Law* are proud to have advised Grupo Antolin, a leading global car interior manufacturer, on the sale of 45% stake in the Turkish joint venture Ototrim to its JV partner Diniz Holding. Following this transaction, Antolin will retain a 5% stake in the joint venture and continue its collaboration with Diniz Holding. The transaction is pending approval from the Turkish Competition Authority. The team was led by Partner Mert Elçin, with support from Associates Sila Özge Sayli and Osman Tugberk Çakirca. *Kinstellar operates in Turkey in cooperation with KST LAW, an Istanbul-based full service corporate law firm. 

Deals March 2024

Kinstellar advises Genesis Capital on the acquisition of a majority stake in GAF

Kinstellar’s Prague office has successfully advised Genesis Private Equity Fund IV (GPEF IV), from the established private equity group Genesis Capital, on the acquisition of a majority stake in GAF, a Czech manufacturer of specialised metal products. GAF is a major player in metal fabrication, focusing on the complex custom processing of steel, stainless steel and aluminium. The company's products are subject to strict certification and have a wide market application in the food, healthcare, textile, and railway transport industries, among others. The founder and current 100% owner, Mr. Luděk Fofoňka, will retain a significant stake in the company. At the same time, key managers who are also investing in the

Deals March 2024

Kinstellar advises Genesis Capital on the acquisition of a big player in heating and cooling installations

Kinstellar’s Prague office has successfully advised Genesis Private Equity Fund IV (GPEF IV), from the established private equity group Genesis Capital, on the acquisition of Schulte Group, a key player in heating and cooling installations. Genesis Capital is buying a majority stake. Private equity investors believe that businesses will continue to focus on energy savings and emissions reductions. The fact that multinational corporations are demanding a greener approach from their suppliers in the Czech Republic contributes to this. We expect Schulte's sales to reach CZK 1 billion within three years.Tomáš Sýkora, Investment Director of Genesis The fund' s goal, he said, is to confirm Schulte's position

Deals December 2023

Kinstellar advises Genesis Capital on the sale of SANBORN

Kinstellar’s Prague office has successfully advised Genesis Private Equity Fund III (GPEF III), from the established private equity group Genesis Capital, on the sale of SANBORN, a key supplier of precision components and specialised parts for the power generation, oil & gas and transportation industries, to industrial group Oriens.  Sanborn manufactures and supplies critical components for the world’s leading manufacturers of generators and turbines, energy companies and transportation, mainly from special steel alloys. The company’s key clients include leading international industrial conglomerates such as GE, Siemens, Wabtec, Technip FMC, and OneSubsea. The company expects revenues in 2023 of over CZK

Deals November 2023

Kinstellar advises Jacquet Metals on a multi-jurisdictional acquisition

Kinstellar, together with Veil Jourde as lead counsel, has successfully advised Jacquet Metals, a European leader in the customisation and distribution of specialty metals, on the multi-jurisdictional acquisition of several distribution companies from Swiss Steel Group, a world leader in the production of specialty long steel.  Kinstellar provided a full range of legal services to support the transaction, including due diligence and regulatory advice covering several Central and Eastern European countries. We also provided transactional advice, with a focus on the local law requirements arising in connection with the negotiation of the SPA and the completion of the transaction. The Kinstellar team, including

Deals October 2023

Kinstellar, together with RPC, advises Ingersoll Rand on the acquisition of Oxywise

Kinstellar has recently advised Ingersoll Rand, a global provider of mission-critical flow creation and industrial solutions, on the acquisition of a 100% share in Oxywise, a Slovak engineering company focused on turnkey supplies, service and maintenance of PSA oxygen and nitrogen generators. Ingersoll Rand is an American multinational company that provides flow creation and industrial products. The global market leader, with a broad range of innovative and mission-critical air, fluid, energy and medical technologies, provides services and solutions to increase industrial productivity and efficiency. Since merging with Gardner Denver in early 2020, it has more than 300 years of combined experience and innovative expertise

Deals August 2023

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

Deals June 2023

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

Deals June 2023

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

Deals March 2023

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

Deals November 2022

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

Deals October 2022

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