Dentons has advised Sev.en Energy, a major player on the Czech energy market, on strategic acquisition of a 17.1% share in Corsa Coal Corp., a US-based metallurgical coal producer with mines in Pennsylvania and Maryland, listed on the Toronto Stock Exchange.
Sev.en Energy owns significant coal and energy production assets in the Czech Republic, the United Kingdom and Australia. It is the largest private operator of coalmines and conventional power plants in the Czech Republic, and employs more than 3,500 people. The transaction marks the Group’s entry into both metallurgical coal mining industry and the US.
Speaking on the transaction, Petr Zákoucký, Dentons partner, commented: “We are proud to have acted for Sev.en Energy on this strategically important deal. Dentons has recently advised Sev.en Energy on several transactions, including high profile acquisition of 50% stake in InterGen N.V. It is a true pleasure working with them as they move forward with their ambitious expansion across the globe.”
Alan Svoboda, Head of International Expansion for Sev.en Energy, commented: “Dentons was an integral part of our deal team. Their expertise, strong cross-border capabilities and professional approach were among the key factors for delivering the transaction.”
Partners Petr Zákoucký (Prague), Alex Farcas (Toronto), Peter Thieman (Washington) and Carl Steen (Los Angeles, New York) led Dentons’ cross-border team, supported by Barbora Obracajova (Associate, Prague), Andreas Kloppenborg (Associate, Toronto), Mark Jadd (Partner, Toronto), Eric Freilich (Associate, Toronto), R. Clay Larkin (Partner, Lexington), G. Christopher Van Bever (Partner, Lexington), Adriana Vélez-León (Associate, Washington), and Joshua S. Allgeier (Associate, Louisville).
Alvarez & Marsal advised Sev.en Energy on financial due diligence and Weir on technical due diligence.