HAVEL & PARTNERS, the largest Czech and Slovak law firm, has participated as an adviser in another major cross-border transaction. As a legal services subcontractor for the international law firm Heuking Kühn Lüer Wojtek, HAVEL & PARTNERS advised Hengst Group on the acquisition of DELBAG, the leading manufacturer of air filtration products for commercial, industrial and residential use since its establishment in 1909. DELBAG is a member of FläktGroup, the seller in the transaction. The value of the transaction has not been disclosed.

The team of HAVEL & PARTNERS managed by the firm’s partner Pavel Němeček (M&A) and lawyers Veronika Filipová (M&A) and Monika Čermáková (Corporate) carried out a legal due diligence exercise on the Czech company FläktGroup Czech Republic a.s., from which the DELBAG division is to be spun off to the newly established company DELBAG s.r.o. The legal advice also included a review of the draft terms and the entire process of the spin-off as well as a partial review of selected transactional documents.

The transaction is being undertaken in six European jurisdictions in total: besides the Czech Republic, in Germany, France, Austria, Poland and Luxembourg. In these countries, relevant assets, employees and activities comprising DELBAG are spun off into newly established companies that will be later transferred to the buyer, Hengst Group.

The Czech jurisdiction is also important to the transaction due to the fact that DELBAG’s key factory is located in Liberec.

More information about the acquisition is available on the website of Heuking Kühn Lüer Wojtek here.