Czech Republic

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

	#1 Target: 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
	#2 Target: 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.}
	#3 Target: 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.}
	#4 Target: 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
	#5 Target: 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

Key contacts

Contact

Helen Rodwell

Managing Partner

T +420 296 798 818

Lukáš Janíček

Partner

T +420 296 798 833