In its endeavour to convert its capital markets practice from a small borrower focused practice to a larger more diversified one, Havel Holásek & Partners is expanding its co-operation with locally active clients and pursuing new ones. It helped Cetelem establish a five year guaranteed MTN programme of up to €400 million with a first drawdown under the programme of up to €60 million....
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In its endeavour to convert its capital markets practice from a small borrower focused practice to a larger more diversified one, Havel Holásek & Partners is expanding its co-operation with locally active clients and pursuing new ones. It helped Cetelem establish a five year guaranteed MTN programme of up to €400 million with a first drawdown under the programme of up to €60 million. On the non-transactional side, the firm has been advising the likes of Atlantik, ING Bank and Newton Management.
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Havel Holásek & Partners consolidates its position in tier four of the banking and project finance table on account of its solid performance this year. The young transaction oriented firm advised the lender Ceskoslovenska obchodni banka in the €11 million acquisition and working capital financing of Tawesco, a subsidiary of Tatra, producer of materials especially for the automotive industry....
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Havel Holásek & Partners consolidates its position in tier four of the banking and project finance table on account of its solid performance this year. The young transaction oriented firm advised the lender Ceskoslovenska obchodni banka in the €11 million acquisition and working capital financing of Tawesco, a subsidiary of Tatra, producer of materials especially for the automotive industry. The firm also advised the borrowers, Spanish investor Solaria Energia, on the €24 million project financing of two solar power plant projects.
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Havel Holásek & Partners is creating quite a stir in the market and has been generating mixed opinions as it continues to grow. "Havel is interesting, it is probably the largest team on the market but it does a different job to others," says one partner, while another comments: "Havel is big on PR....
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Havel Holásek & Partners is creating quite a stir in the market and has been generating mixed opinions as it continues to grow. "Havel is interesting, it is probably the largest team on the market but it does a different job to others," says one partner, while another comments: "Havel is big on PR. They're very active in terms of media but not so much in deals." Perhaps market sentiment is accurately gauged by the following quote from a competitor: "Havel do everything. They're big, spread out and un-definable in many ways as to the extent to what they focus on."
Deal highlights include advising Lenzing on the €75 million acquisition of 75% of shares of Biocel Paskov from the Heinzel Group and acting for Enceladus on the €70 million acquisition of Auto Kelly, a subsidiary of Elit Group.
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Havel Holásek & Partners continue to grow and strengthen its pool of talent. With six partners and 13 lawyers in total, the firm's restructuring and insolvency practice is one of the biggest on the market....
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Havel Holásek & Partners continue to grow and strengthen its pool of talent. With six partners and 13 lawyers in total, the firm's restructuring and insolvency practice is one of the biggest on the market. The firm has also established a specialised entity that deals with distressed debt servicing and enforcement. "They're involved more in loan enforcement work rather than insolvency," says one partner. The firm is progressively attracting larger mandates and will be pushing for top tier status in the coming years.
The firm has been active over the last 12 months. In the past year, it has been involved in one of the largest insolvency cases (the insolvency of Saska) in the Czech Republic. In this capacity, at €16 million, it has been advising and representing Fortis Bank in connection with the related distress situation and insolvency proceedings. Additionally, in one of the few successfully completed reorganisations under the new insolvency act, the firm advised Technistone (as debtor) in insolvency proceedings and the subsequent reorganization. The firm also acts for Commerzbank (as a secured creditor) in connection with the insolvency of a number of corporate debtors (at €10 million and €4 million). Finally, at €40 million, the firm is advising Ceska sporitelna (a member of the Erste Group) in insolvency proceedings involving the real estate developer Hájek.
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