NewsClifford Chance advises Česká spořitelna on another successful acquisition executed by Oriens Group

The Prague office of Clifford Chance has provided legal advice to one of the major Czech banks,  Česká spořitelna, in connection with financing of acquisition of S&K TOOLS, a leading precision  parts supplier. This marks another successful acquisition executed by Oriens Group together  with Česká spořitelna under the legal support of Clifford Chance. 

The transaction involves the acquisition of full shareholding interest in S&K TOOLS spol. s r.o.  by Czech Machining Holding, s.r.o., a subsidiary of Oriens Fund III. Building upon recent  acquisition of SANBORN, an innovative manufacturer in the energy, petrochemical, and  transport industries, this transaction further strengthens Oriens Fund III‘s expanding portfolio,  capitalizing on its expertise in high-precision manufacturing. 

S&K TOOLS specializes in custom manufacturing of hydraulic components and tools for the  automotive and engineering industries. The company offers a diverse range of products,  including clutches, turbines, motors, pumps, shafts, fasteners, and stampings. Its services  encompass CNC machining, grinding, external gear rolling, and deep drilling, showcasing their  commitment to precision. 

Operating as an independent privately-owned industrial holding, Oriens focuses on private  equity investments in the Czech Republic, Hungary, Germany, Poland, and Slovakia. The  company excels in acquiring medium-sized firms and effectively transforming them into  successful, sizable entities. 

The Banking & Finance Clifford Chance team advising on the financing was led by counsel  Dominik Vojta and supervised by partner Miloš Felgr, with strong support from junior lawyers  Tomáš Kubala and Sára Bartlová and paralegal Radek Sikora.