Law firm Taylor Wessing has provided complex legal advice to RIVERROCK EUROPEAN OPPORTUNITIES FUND II LIMITED in connection with financing of the acquisition of VITRABLOK by private equity firm ASC Investment.
The complex legal services of Taylor Wessing included, among other things, legal analysis of the terms of financing, consultancy on the structure of the transaction, including the provision of complete contractual documentation, and support in closing of the entire acquisition process.
"We are very pleased to be able to assist with such a prestigious transaction, the parties to which have excellent reputations and are valued partners in the market," said Ivana Meňhartová, the Taylor Wessing senior associate who led the Prague office project team. "Due to the extensive knowledge of our law firm specific to the sector and our focus on Banking & Finance, we could understand the needs and interests of our client especially well and provided comprehensive support and protection of his interests for the successful conclusion of the transaction."
Due to the multi-jurisdictional nature of the transaction, comprehensive advice was provided by an international team of Taylor Wessing, including Taylor Wessing Prague partner Thomas Rechberger and associate Barbora Skolková, and colleagues from partner offices led by Taylor Wessing Frankfurt partner Clemens Niedner and attorney Peter Louzensky.
The comprehensive consultation took place at the end of 2017. The parties have agreed to maintain confidentiality regarding transaction terms.
Vitrablok was part of the Seves Group, a Triton Fund III company. With more than 300 employees in Europe and the US, Vitrablok has a 40 percent share in the world glass block market. The company is a leading manufacturer of glass bricks for interior and exterior architectural application.
RIVERROCK EUROPEAN OPPORTUNITIES FUND II LIMITED, specializing in European debt financing and refinancing, is part of the RiverRock European Capital Partners LLP (RiverRock) portfolio, founded in 2009, providing investors with alternative investment solutions and customized capital solutions for high-quality small and medium-sized enterprises in Europe. Based in London with subsidiaries in Paris, Milan and Luxembourg, RiverRock offers a wide range of commercial banking services including asset management, financial consulting, securities brokerage, and providing technology solutions.