Driven by several high value acquisitions by both domestic and international investors, the Czech Republic witnessed a substantial increase in average deal value in 2019. Despite a 16% drop in activity, the combined deal value saw an increase on the previous year and totalled EUR 5.67bn.
Telecoms & IT related deals saw an uptick with 28 deals on record, up two y-o-y, and the sector has now overtaken manufacturing as the second most active one behind real estate & construction. Other sectors which have seen an increase in activity include finance & insurance, up 10%, and food & beverage, up 33.3%. South Korean investors showed a particularly keen interest for Czech commercial real estate.
There remains a healthy level of interest from corporates and private equity buyers, and a good pipeline of deals ahead.
Deals by value and volume
Top five deals
| #1Target: innogy Grid Holding Sector: Energy & Utilities Stake: 50% Buyer: Allianz; Macquarie Group; British Columbia Investment Management Country of buyer: Germany; Australia; Canada Deal Value: EUR 1,80bn Value Source: 2 |
| #2Target: Central European Media Enterprises (CME) assets in the Czech Republic Sector: Media Stake: 100% Buyer: RHI Magnesita Country of buyer: Czech Republic Deal Value: EUR 623,9m* Value Source: 3 *Deal value estimate based on CME’s 2018 revenues attributable to the Czech Republic. |
| #3Target: M7 Group operations in the Czech Republic Sector: Telecoms & IT Stake: 100% Buyer: Vivendi Country of buyer: France Deal Value: EUR 333,3m* Value Source: 3 *Deal value estimate based on the number of customers in the Czech Republic out of the total customers in CEE/SEE. |
| #4Target: Alpiq Generation (CZ) Sector: Energy & Utilities Stake: 100% Buyer: Sev.en Energy Group Country of buyer: Czech Republic Deal Value: EUR 280m Value Source: 1 |
| #5Target: Waltrovka Sector: Real Estate Stake: 100% Buyer: Hanwha Investment & Securities Country of buyer: South Korea Deal: EUR 250m Value Source: 1 |
Value Source:
- Official data
- Market estimate provided by EMIS and based on publicly available information
- EMIS estimate
Top three sectors
Real Estate & Construction: 48 deals |
Telecoms & IT: 28 deals |
Manufacturing: 27 deals |
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