NewsCzech Bird & Bird Corporate / M&A team assisted KB SmartSolutions during FinTech investment

Bird & Bird’s Czech Corporate / M&A team has once again advised KB SmartSolution, s.r.o., a subsidiary of Komerční banka, a.s. (member of Société Générale Group) focused on investment projects in financial services.

KB SmartSolutions, s.r.o. decided to increase its share in upvest s.r.o. to 31.06% after almost a year-long successful partnership with upvest s.r.o., a Czech fintech start-up provider of an investment crowdfunding platform for real estate developments, a pilot project, through which Komerční banka, a.s. broadened the investment opportunities to its clients.

KB SmartSolutions, s.r.o. is a subsidiary of Komerční banka, a.s. through which Komerční banka, a.s. makes investments in modern technologies in the financial sector, and thus significantly contributes to the transformation of a traditional banking institution into an innovative and technologically strong new generation bank.

Bird & Bird is an international law firm with a focus on supporting organisations being changed by technology and the digital world. The Bird & Bird team has a long history of supporting FinTech and technology-oriented M&A transactions. The team has gained international recognition for its know-how in the use of technology and digital solutions across industries, as well as won numerous awards globally and in the Czech Republic.

The Bird & Bird transactional team in Prague was led by partner Ivan Sagál, and supported by associates Ľubomír Brečka, Martina Waliczková and Kristina Kůdelíková.