The law firm Taylor Wessing Prague provided comprehensive legal advice to Hectas Facility Services Stiftung&Co. KG, from Germany, in respect of the disposal of its subsidiary Hectas Facility Services, s.r.o., which supplies cleaning and technical services on a national scale in the Czech Republic. Hectas Facility Services presently employs more than 400 people. The buyer is Ostrava-based company MW-Dias, a.s., the market leader in cleaning services in the region of Moravia-Silesia, and one of the major operators in this segment on the national level.
Taylor Wessing complex legal services included among others advice on the transactional structure, drafting and negotiating contractual documentation governed by Czech law and closing assistance.
Lawyers from the Prague office were involved in the transaction; the team leader, Thilo Hoffmann, partner with Taylor Wessing Prague, comments on the trasaction: “It was interesting to assist with the whole process of the disposal and take-over of Hectas, the Czech daughter of a leading European provider of cleaning, facility management and security services to industrial clients, to Czech hands. The transaction lasted approximately half a year to prepare, and became effective in February.”
With 68 branches in eight countries of Europe, Hectas of Germany is one of the leaders in cleaning services. Since its establishment in 1974, the company has dynamically grown into a leading provider of European services in the area of infrastructure facility management. Hectas is a member of the family business Vorwerk Gruppe.
About MW-DIAS, a.s.:
MW-DIAS, a.s. is the market leader in cleaning services in the Moravian-Silesian region, and one of the leading operators on the national scale in the Czech Republic. It is a 100% Czech company with headquarters in Ostrava. Since 1997, it has been providing cleaning services to clients in the Czech Republic and Slovakia.
About Taylor Wessing:
Taylor Wessing is a full-service international law firm. More than 1,200 lawyers advise clients in the world’s most dynamic industries. The law firm takes a single-minded approach to advising it´s clients, helping them succeed by thinking innovatively about their business issues. All lawyers support clients wherever they want to do business. 33 offices in Europe, the Middle East and Asia as well as two rep. offices in the USA are not token presences – they blend the best of local business, industry and cultural knowledge with international experience to provide astutely commercial solutions for all clients.