Restructuring of the gran tormenta SE Group with the assistance of Glatzová & Co.

The team at Glatzová & Co. provided comprehensive legal advice in connection with the restructuring of the international group gran tormenta SE and the resolution of its financing arrangements. The transaction involved the restructuring of business activities across members of the group, the preparation for the sale of part of the group, and the settlement of a portion of the financing provided by a banking syndicate composed of three leading banks on the Czech market, the original volume of which exceeded CZK 1 billion. Our legal services included the comprehensive legal structuring of the entire transaction, from representing the client in negotiations with the involved parties, through the implementation of cross-border mergers, transfers of business undertakings and equity interests, preparation of amendments to the financial documentation, to the coordination of all necessary steps. We guided the client through the entire process, which, given the complex and cross-border nature of the transaction, lasted several months. The transaction was successfully completed, with part of the client’s business transferred in the form of a share deal to a former business partner, and part of the financing settled from the proceeds obtained from this transfer. The client’s group thus achieved the intended improvement of its financial position and revitalisation of the remaining business activities. The client can now fully focus on this part of its business, and we are pleased to continue providing our legal services in this regard.