Clifford Chance has advised KKCG's IT pillar on the integration of the acquisition debt, following the acquisition of Avenga Group, into the group's umbrella financing.
KKCG is an investment and innovation group with expertise in lotteries and gaming, energy, technology, and real estate.
Avenga is an engineering and consulting platform with industry knowledge in pharma, insurance and finance, and advanced manufacturing.
In 2023, Clifford Chance advised KKCG on its acquisition of Avenga (as reported by CEE Legal Matters on December 22, 2023)
According to Clifford Chance, "the deal involved not only the refinancing of the existing loan used for the acquisition of Avenga but also the extension of further new funds to the Group."
The Clifford Chance team included Prague-based Managing Partner Milos Felgr, Counsel Dominik Vojta, Associate Tomas Kubala, and Junior Lawyers Pavlina Tomeckova and Lukas Ljubovic.
Clifford Chance did not respond to our inquiry on the matter.
Editor's Note: After this article was published, Dentons announced that it advised the lenders including Ceska Sporitelna, Komercni Banka, Ceskoslovenska Obchodni Banka, and UniCredit Bank Czech Republic and Slovakia. The firm's team included Prague-based Partner Daniel Hurych, Senior Associate Martin Fiala, and Associate Jan Koristka, Warsaw-based Partner Bartosz Nojek, Senior Associate Mateusz Ciechomski, and Junior Associate Weronika Lakoma, and further team members in Duesseldorf and Luxembourg.
Reportedly, the lenders were also advised by Ganado Advocates on Maltese law, TM & Partners on Swedish law, and Boyanov & Co on Bulgarian law.
