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CMS Advises Vinci and Meridiam Consortium on Czech Republic Motorway PPP Contract

CMS Advises Vinci and Meridiam Consortium on Czech Republic Motorway PPP Contract

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CMS has advised a consortium of Vinci and Meridiam on its public-private partnership contract for the construction of the D4 motorway in the Czech Republic, the country’s first road PPP. Vinci and Meridiam each have a 50% stake in the project, and EUR 474 million of financing has been obtained.

According to CMS, “the consortium won the 28-year contract in December 2020, which was then signed with the Czech Transport Ministry in February 2021. The project entails designing, financing, building, operating, and maintaining a new 32-kilometer motorway and the widening of an existing 16-kilometer section of road to two lanes in each direction. The new motorway will provide an improved road connection between Prague and rural South Bohemia.”

CMS’s team included, in Prague, Partners Lukas Janicek, Pavla Kreckova, Senior Associates Lenka Krutakova, Marketa Frankova, and Associates Lukas Vymola, Lenka Kucerova, Hana Ricankova, and Jan Gerych, and in London, Partner Robert Gray, Counsel Stephanie Flynn, and Senior Associate Toby Commander.

Editor’s note: After this article was published, Kinstellar announced that it and Linklaters advised lenders Ceskoslovenska Obchodni Banka, KfW IPEX, DZ Bank, NordLB, MEAG, SMBC, Siemens Bank, UniCredit, and Societe Generale on the deal. Kinstellar's team in Prague consisted of Partner Kamil Blazek, Counsels Martina Brezinova and Jan Lehky, Managing Associate Michal Forytek, and Junior Associates Alice Radvanovska, Denisa Simanska, and Igor Sebo.

The Linklaters team consisted of, in London, Partner Ian Andrews and Managing Associate Ryan Ayrton, and in Paris, Partner Francois April and Managing Associate Nathanael Caillard.

In addition, Clifford Chance announced that it had advised Meridiam and Vinci on the financing aspects of this deal. Clifford Chance’s team included Partner Daniel Zerbib, Counsels Chloe Desreumaux and Fabien Jacquemard, and Associates Sophie Laporte and Nina Yoshida.

White & Case advised the Czech Ministry of Transport. That firm’s team included, in Prague, Partner Vit Stehlik and Associates David Wilhelm, Renata Ryglova, and Jan Voborsky; in Bratislava, Partner Of Counsel Marek Staron and Counsel Peter Hodal; and in London, Partner Caroline Miller Smith.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

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