CMS advises Dixons on the sale of ElectroWorld
CMS advised Dixons Retail plc ("Dixons"), one of Europe's leading specialist multi-channel electrical retailer and services companies, on the sale of its ElectroWorld operations in the Czech Republic and Slovakia to Slovak electronics retailer NAY a.s.
ElectroWorld operations comprise 22 stores in the Czech Republic and 4 in Slovakia, which for the financial year running to 30 April 2014 generated a turnover of GBP £129m.
CMS partner Helen Rodwell commented: “We are delighted to have advised Dixons on this transaction. We are currently seeing an uptick in M&A activity in the Czech Republic and the wider region and particularly players from within CEE that aim to increase their geographical footprint remain keen to purchase high quality assets in nearby markets. Because of our coverage of the region we are well positioned to advise on such transactions.”
The CMS team advising Dixons was led by Prague-based corporate partner Helen Rodwell and the core team further comprised senior associates Patrik Przyhoda and Frances Gerrard.