CMS Warsaw acts as legal advisor on the transaction on the financial market in Czech Republic

CMS advised Kreditech Holding SSL GmbH, a financial service German company, on the sale of 100% shares in its Czech subsidiary, Kreditech Česká Republika s.r.o., to Kancelaria Medius S.A.

Kreditech Česká Republika s.r.o. was sold upon the share purchase agreement executed on 14 December 2017 in Prague while the final post-signing covenant was fulfilled on 30 June 2018.

Kreditech, headquartered in Hamburg, covers more than 4 markets worldwide: Russia, India, Spain and Poland. It's product offering includes Instalment and Point of Sale consumer loans, and it uses a new approach to credit underwriting purely based on alternative data and machine learning.

The scope of CMS’s work included supporting Kreditech Holding SSL GmbH through the entire process of selling Czech operations, starting with preparation and negotiating the share purchase agreement governed by Polish law together with share transfer agreement under Czech law as well as other post signing actions related to the transaction on the Polish and Czech market.

The CMS work on the transaction was coordinated by the Warsaw CMS Corporate team led by Rafał Kluziak, counsel, supported by Jakub Szczygieł, lawyer with help of Pavla Kreckova, partner and Lucie Hallova, senior lawyer from CMS Prague office in relation to Czech law aspects.

The partner supervision was provided by Jakub Marcinkowski.