Allen & Overy has announced today that it has represented lenders on up to EUR 26 million loan facility for decrease of share capital and general corporate and investment needs of the rubber manufacturer Rubena, member of KAPRAIN investment group.
Rubena produces wide range of rubber products for domestic and foreign markets, from V-belts or hockey pucks to tires and tubes for bicycles. The financing was provided by a club of banks led by Komerční banka.
Michal Kunc, Director of Acquisition & Leveraged Finance at Komerční banka, commented on the transaction: “We are delighted to have been able to support the Kaprain Group in the acquisition of the traditional Czech rubber manufacturer Rubena as the financing coordinator and arranger. At the same time, we thank Allen & Overy for their excellent work.”
Jaromír Štantejský from the KAPRAIN Group commented on the transaction: “We are pleased with the confidence shown by the financing banks in providing the loans for our investment in Rubena. The transaction will contribute to the efficient financing of Rubena and the Kaprain Group. At the same time, I want to thank the implementation teams of the banks and Allen & Overy for their professional handling of the entire transaction.”
The Allen & Overy transaction team consisted of counsel Petra Myšáková and associates Pavel Příhoda and Barbara Midová.