The JŠK law firm provided legal advice to the shareholders of engineering company TKZ Polná, spol. s r.o. in connection with its sale to the ROSE Investments Group, the investment branch of the ROSE Group. Our assistance mainly included the preparation and negotiation of transaction documentation.
TKZ Polná, spol. s r.o. is a renowned Czech manufacturer of building and furniture hardware with a tradition of custom and serial production since 1911, which currently has about 170 employees. TKZ Polná is a member of the MEZA association, which is part of ARGE – the European Federation of Associations of Locks and Builders Hardware Manufacturers.
ROSE Group deals with the comprehensive management of business activities, private property and family organisations within family companies.
“We chose to cooperate with JŠK based on the recommendations of the UniCredit team, which represented us in the transaction,” said one of the sellers and the new managing director of TKZ Polná Petr Janů. “At the beginning, we could not imagine the scope of the entire transaction at all. JŠK’s approach was extremely helpful and patient, but at the same time reasonably dynamic with an emphasis on the goals of the co-owners. I would like to take this opportunity to thank JŠK for its cooperation and wish you good luck, success and new opportunities.”
The JŠK transaction team was led by partner Tomáš Doležil in cooperation with senior associate Helena Hailichová and junior lawyer Tomáš Beneš.
“Meeting with business owners who are selling their company after many years of building it is always inspiring,” Doležil said. “The sellers were looking for a partner who would continue to develop TKZ Polná over the long term and thus carry on the company’s more than 100-year tradition. I think it worked out and I’m delighted that we were able to be a part of it.”
Transaction advice to the sellers was provided by the Corporate Finance Advisory team of UniCredit Bank Czech Republic and Slovakia, a.s.