ARROWS Law Firm present at Czech fintech earthquake

The company ChytryHonza.cz, one of the biggest players on the Czech financial-consultancy market with a turnover of more than half a billion crowns, changes its ownership to Jiří Paták. All interested parties were represented by top law firms. The legal advice of Jiří Paták was provided by the ARROWS Law Firm, the Czech member of ARROWS International.
 

Jiří Paták became the 100% owner of ChytryHonza.cz when he bought the shares from the Rockaway investment group and the Dutch financial group Aegon for hundreds of millions of Czech Crowns. The transaction was funded by the DRFG investment group, its possible asset entry into the company is subject to approval by an antitrust authority. From a legal point of view, this was a very complex process involving the preparation of extensive transaction documentation and demanding bargaining. 


"It's no surprise that the ARROWS law firm is growing at such a pace. A young and dynamic team has confirmed its qualities, professional attitude and goal-pull. That is exactly why I chose them. The whole transaction went smoothly, "says Jiri Patak, owner of ChytryHonza.cz. 


"We have been with Jiri since the very beginning of this deal. It was obvious that this would be a very complex transaction, so we have entrust the case to a team of M&A and corporate law experts, who could also rely on colleagues from ARROWS tax & accounting. Our services included legal and tax advice on transaction structuring, negotiation of extensive transaction documentation, and comprehensive client support for this time-consuming transaction. I believe that ChytryHonza.cz is best placed under the leadership of Jiri to become a leader in the market for financial advisory services, " says ARROWS Mgr. Ing. Marcel Janíček, Managing Associate in Prague.

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