About the transaction

BDO Legal advised Pro Partners Holding, a.s., a company operating in the leisure, hospitality and real estate sectors, on the completed acquisition and consolidation of full ownership and control over four companies within the LeisureWorld Group:

• AQUAPARK Poprad,
• AQUAPARK KOVÁČOVÁ,
• TKP services,
• Mountain View residences.

The transaction involved the acquisition of ownership interests, together with SIBAREAL, from Bluevision and an individual shareholder, as well as the assignment of the related receivables.

Scope of legal advice

Our team designed the transaction structure, prepared the framework acquisition agreement and coordinated the preparation of the related transaction and closing documents. The documentation included in particular:

• share transfer agreements,
• receivables assignment agreements and a set-off agreement,
• corporate approvals, releases and waivers,
• termination of historical shareholder agreements,
• documentation relating to the termination of an employment relationship,
• appointments to corporate positions,
• new project management agreements.

Coordinating relationships across the group

The engagement required the simultaneous resolution of ownership, governance, financial and management relationships across the entire group.

Completion of the transaction was subject to the existing bank security arrangements, obtaining the consent of Slovenská sporiteľňa and securing merger clearance from the Antimonopoly Office of the Slovak Republic. Once all conditions had been satisfied, the transaction documents were signed and the transaction was closed, followed by the registration of the ownership interest transfers in the Commercial Register of the Slovak Republic and payment of the purchase price.

Legal team

The BDO Legal team was led by Commercial, Corporate and M&A Partner Peter Káčer, supported by Senior Associates Andrej Kováč and David Trutz.

We worked with POLÁČEK & PARTNERS s. r. o., which acted as legal counsel to the seller.