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

CZECH graph

Top five deals

Energy

#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

Media

#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.

Telecoms

#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.

Energy

#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

Real estate

#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:

  1. Official data
  2. Market estimate provided by EMIS and based on publicly available information
  3. EMIS estimate

Top three sectors

Real estate

Real Estate & Construction:
48 deals

Telecoms

Telecoms & IT:
28 deals

Manufacturing

Manufacturing:
27 deals

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Key Contacts

Helen Rodwell
Helen Rodwell
Managing Partner
CEE Head of Corporate, Prague, Bratislava
Lukas Janicek
Lukáš Janíček
Partner