JŠK in cooperation with JUDr. Pavel Šuser provided legal advisory to the shareholders of James Cook Languages (JCL) on the sale of 100% of the company to new owner Vladimír Schmalz and his EDUA Group.
The James Cook Languages school was founded in 1999 in the Czech Republic and is the market leader in company language training. It also specialises in study abroad programmes, translations and interpretation. In 2017 the company expanded its operations from the Czech Republic and Slovakia to Poland. The sellers were the founders of the James Cook Languages group.
EDUA Group is the largest private education group in the Czech Republic. The Jipka, Tutor, Caledonian School, Top Vision, Digiskills and BridgeWaterBlu brands all focus on the lifelong education process and development of innovations in education.
"Due to the almost twenty-year history of JCL and our close connection to people in the JCL group, the transaction was a very personal challenge for us," said Jakub Štefeček, one of the two founders of James Cook Languages. "We are happy that thanks to the professionalism and expertise of the members of JŠK's legal team and all other advisors the transaction was a success."
JŠK partner Tomáš Doležil worked closely on the transaction with JUDr. Pavel Šuser, the long-term legal advisor of the sellers.
"It was a pleasure working with former shareholders on this interesting and rather complex transaction," Doležil said. "I am all the more pleased with the result as it ended well and the owners were able to profit from the hard work that they have put into developing James Cook Languages over the last 20 years."
The financial advisor in the sale was ASB Prague led by managing partner Petr Studnička.