A strong performance in the 2016 M&A league table rankings rounds off a successful year for A&O’s Corporate practice in Prague. The league tables published by Thomson Reuters, Bloomberg and Mergermarket confirm the standout position of A&O in the Czech market.
A&O’s corporate team was the lead adviser on six of the eight highest value M&A deals of 2016 in the Czech Republic (excluding real estate sector M&A), cementing our position as a leading adviser on complex high-value M&A transactions. Among the diverse deals our team advised on are:
In the Czech Republic A&O was first (by value, Thomson Reuters); third (by value, Bloomberg); and second (Mergermarket, by value), and in the CEE region A&O ranked first for 2016 (by value, Thomson Reuters).
The trend continues in 2017 when we advised MTG Broadcasting AB on its disposal of its 50% shareholding in FTV Prima Holding in the Czech Republic, the Czech commercial TV broadcaster.
Global M&A proved resilient in 2016, despite political and economic uncertainties. Key themes included the decline in ‘mega deals’ as mid-size deals dominated, withdrawn deals reached an eight-year high over regulatory concerns, and the flow of outbound Chinese M&A continued.
Prokop Verner, Head of Allen & Overy’s corporate practice in Prague, commented: “2016 was an extraordinary year for our practice. The Czech market has witnessed a number of large deals accompanied by a busy mid-size deal flow and we have picked up a good share of both of these. Sector-wise, in the 2016 most deals were generated in the FMCG and retail, e-commerce, energy and manufacturing sectors. These were accompanied by an increase in IT/Tech and FinTech deals. We expect this positive trend to continue this year.”