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PRK Partners Advises J.P. Morgan on Financing Draslovka’s Acquisition of Mining Business

PRK Partners Advises J.P. Morgan on Financing Draslovka’s Acquisition of Mining Business

Czech Republic
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PRK Partners has advised sole book runner, transactional advisor, and financing arranger J.P.Morgan on the financing of Draslovka’s acquisition of a mining solution business from Chemours’ for USD 521 million, subject to cash, debt, and working capital adjustments. 

According to PRK Partners, “the term and revolving facility commitments amounted to USD 368 million and supported equity from Draslovka’s existing shareholders to fund the acquisition.”

Draslovka, based in Kolin, Czech Republic, operates in the cyanide-based chemical specialties and agricultural chemicals industry. According to PRK Partners,  the company has more than 100 years of experience and its hydrogen cyanide products are applied in the mining industry and agriculture.

The Chemours Company is listed on the NYSE and delivers chemical products and solutions to refrigeration, air-conditioning, electronics, mining, oil, and gas industries. Chemours globally operates facilities in 120 countries with more than 6,500 employees. 

PRK Partners’ team included Senior Partner Martin Aschenbrenner, Senior Associates Tomas Vlasak, Jan Ditrych, and Petra Stupkova, and Trainee Veronika Stratilova.

PRK Partners did not reply to our inquiry on the matter.

PRK Partners at a Glance

PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

Firm's website: www.prkpartners.com