NewsAllen & Overy advises on Cordiant Digital’s Czech portfolio expansion

Allen & Overy announced today that it has advised Cordiant Digital Infrastructure Ltd’s (LSE:CORD) Czech portfolio company České Radiokomunikace (CRA) on its acquisition of two notable businesses in the data centre and cloud services sector, Cloud4com and DC Lužice, from Aricoma Group.

Cloud4com is set to be acquired for an initial consideration of CZK870mn (GBP30.7mn), with a further amount payable up to a maximum of CZK485mn, depending on Cloud4com’s 2024 earnings performance. DC Lužice is being acquired for CZK130mn, also subject to customary adjustments.

The A&O team was led by partner Prokop Verner, head of the Corporate/M&A practice, and senior associate Jana Chwaszcz, with support from junior lawyer Tomáš Špaček. Antitrust and regulatory aspects were handled by senior associate Ivana Halamová Dobíšková. Specialist M&A tax advice was provided by senior tax advisor Michal Dušek.

Prokop Verner commented on the transaction: “We are delighted to have supported Cordiant and CRA on these strategic acquisitions, which will enhance CRA’s position as a leading provider of digital infrastructure and services in the Czech Republic.