Eversheds Sutherland has advised Orbian on its acquisition of Platebni Instituce Roger from KB SmartSolutions and other shareholders. BPV Braun Partners advised one of the selling shareholders, Echilon Capital.
The transaction remains contingent on regulatory approval.
British financial institution Orbian was founded in the late 1990s as a project of SAP and Citibank.
According to Eversheds Sutherland, Roger is a fintech start-up focused on shortening long invoice maturities and financing the supply chains of large companies. "Since its founding, it has funded over CZK 40 billion worth of invoices, making it one of the largest companies of its kind in Central Europe."
The Eversheds Sutherland team included Counsel Michal Hrabovsky, Principal Associate Lola Florianova, Senior Associates Barbora Waczulik and Barbora Bugova, Associates Lenka Vavrichova and Petr Kucera, and Junior Associate Jakub Bystron.
The BPV Braun Partners team included Partner Ondrej Ponistiak.
Editor's Note: After this article was published, Dentons announced that it advised seller KV SmartSolutions on the deal. The firm's team included Partner David Simek, Associate Katerina Kucerova, and Junior Associates Krystof Vrtek and Dusan Korbel.
