International law firm CMS is pleased to announce that it has acted for IAD Investments, správ. spol., a. s. (IAD), a major Slovak asset management company managing assets worth more than EUR 2.1 billion, primarily in Slovakia, the Czech Republic, Hungary and Poland, on its agreement to acquire 100% of shares in the Luxembourg company, HB Reavis Investment Management S.à r.l., which manages the fund HB Reavis CE REIF, from HBR IM Holding Ltd.
HB Reavis CE REIF has under management retail and office buildings in both Slovakia and the Czech Republic which had a total value of more than EUR 300 million at the end of 2023.
The completion of the transaction and takeover of the fund is subject to regulatory approvals in Luxembourg and Slovakia.
The CMS Slovakia team, together with colleagues at CMS DeBacker Luxembourg, provided comprehensive legal support, including due diligence reviews, fund-related regulatory advice, and negotiating and finalising the transaction documentation.
The transaction was managed and coordinated by CMS Slovakia partner Juraj Fuska, who was assisted in Bratislava by senior associate Dušan Predný and a team of associates consisting of Dušan Vanek, Demian Boška and Martin Melicher.
The Luxembourg aspects of the transaction were managed by a core team at CMS DeBacker Luxembourg, led by partner Pawel Hermelinski, with support from partner Aurélien Hollard, counsel Gilles Bropsom and a team of associates consisting of Sonia Vanzo, Cédric Dvoratchek, Maximilian Helfgen.
