Allen & Overy has advised Slovak Investment Holding, a.s., managed by SZRB Asset Management, a.s., on its subscription as a lead investor in a Round B share offering for new shares in GA Drilling a.s., a company based in Slovakia that develops innovative technologies for well drilling.
According to Allen & Overy, the deal constitutes the first direct venture capital investment of a fund under the control of the Slovak Republic.
The A&O team was led by Corporate Partner Martin Magal, who commented, “This transaction is a perfect example of public money being strategically used alongside private co-investments to enable the continuation of R&D activities in Slovakia and the subsequent commercial launch of game-changing drilling methods which can be used in a number of sectors, including oil & gas.”
Magal was assisted by Allen & Overy Senior Associate Tomas Bury.
