CMS advises a club of Czech banks on financing for the acquisition of KANZELSBERGER bookstores

CMS has advised a club of banks consisting of UniCredit Bank Czech Republic and Slovakia, a.s. (acting also as agent) and Československá obchodní banka, a. s. on financing for the acquisition of part of enterprise of the KANZELSBERGER group by EUROMEDIA GROUP, a.s., the main pillar of the newly established private equity fund Rockaway Alpha. The acquisition includes 26 bookstores including the iconic Barvič & Novotný bookstore in Brno.

This transaction marks a continuation of CMS’s support for UniCredit Bank Czech Republic and Slovakia and Československá obchodní banka, following the firm’s previous role advising the banks on refinancing the EUROMEDIA GROUP’s existing debt and financing of the acquisition of PEMIC BOOKS a.s. The new acquisition further strengthens EUROMEDIA GROUP’s position in the Czech book market and complements its strategic expansion in the region.

As a result of recent acquisitions, EUROMEDIA GROUP, through its retail brand Luxor, has expanded from 38 to 77 bookstores across the Czech Republic, making it the largest bookstore network in the country.

The CMS team was led by David Bujgl, supervised by Petra Myšáková, Partner and Head of Banking & Finance in the Czech Republic, and also included Michal Václavík (Banking & Finance) and Lucia Luptáková (Corporate).