CLEEM Group acquired SILFOX Group's manufacturing operations in Slovakia via an acquisition of 100% shareholding interests in Silfox Immobilien s.r.o. and Silfox Slovakia s.r.o.. and essential parts of the SILFOX Group enterprises located in German via an asset deal. The client was also supported by CMS (Germany law aspects) and RSM TACOMA (financial aspects.
The transaction involved complex cross-border M&A, financing, insolvency, tax and employment law issues and was negotiated and agreed on a bilateral basis in a very short time (less than 2 months). Wolf Theiss Counsel Jan Kotous views the transaction as "one of the most challenging distressed sales in terms of complexity and number of legal issues involved". The deal was closed on 30 October 2015.
Wolf Theiss teams in the Czech Republic and Slovakia were led by Counsel Jan Kotous. Petr Syrovátko (Senior Lawyer, Prague), Marián Šulík (Associate, Bratislava) and Ivana Lobotková (Associate, Prague) of Wolf Theiss were involved in all aspects, including legal due diligence of the target companies, financing issues and merger control.
CMS team and the German part of the transaction were led by Dr. Martin Vorsmann (Partner) and Dr. Christophe Poertzgen (Counsel).
The Czech and Slovak tax aspects were advised by Kateřina Provodová, Head of Tax at RSM TACOMA.
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