The law firm HAVEL & PARTNERS was instrumental in completing one of the largest and, in terms of its structure, most exceptional deals combining fund structuring and venture capital that took place in the Czech Republic this year. We represented Tomáš Čupr’s Rohlik Group in the formation of a unique investment fund Rohlik Growth SICAV, with expected value to exceed EUR 120 million (more than CZK 3 billion).

The fund’s majority investor is Tomáš Čupr, while the remaining shares are held by JTFG FUND I SICAV from the J&T Group. The investment fund is unique in that it focuses exclusively on Rohlik Group shares. The investment is intended for qualified investors only. Hence the general investing public will be able to invest in the project and participate in its further development.

The work on the transaction and the structuring of the fund was done by the venture capital & fund formation team led by partner Jaroslav Baier and managing associate Josef Bouchal, with the involvement of competition law experts – counsel Roman Světnický and senior associate Martin Rott. Partner Jan Topinka handled the regulatory aspects of the transaction and the fund.

When structuring the entire transaction, it was also necessary to take into account the regulatory and legal aspects of the related third bond issue, which the client issued through Rohlik.cz Finance II.

“We are pleased to have been able to again be part of another milestone of the Rohlik Group development and to contribute to the implementation of such an innovative and strategically important project that not only supports the growth of one of the most successful and important startups in the region, but also brings new opportunities for investors”, Jaroslav Baier commented.