PRESS RELEASE
3 October 2023

Schoenherr Advises BHS Private Equity Fund On Acquisition Of Altran CZ A.s.

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Schoenherr Attorneys at Law

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We are a full-service law firm with a footprint in Central and Eastern Europe providing local and international companies stellar advice. As the go-to legal advisor for complex commercial matters in the region, Schoenherr aims to use its proximity to industry leaders, in developing practical solutions for future challenges. We keep a close eye on trends and developments, which enables us to provide high quality legal advice that is straight to the point.
Tiyo a.s., founded in 1993, is a leading provider of research, development and testing services for various industries. The company provides its services to more than
Czech Republic

Schoenherr advised BHS Private Equity Fund ("BHS PE Fund"), whose general partner is Versute Investments a.s., on the acquisition of Altran CZ a.s., renamed Tiyo a.s. ("Tiyo"), a leading provider of research, development and testing services, from Capgemini group.

Tiyo a.s. has been acquired by BHS PE Fund, Versute Investments a.s. and managers Petr Havlík, Jaromír Kejval and Milan Křovina.

"It was our pleasure to assist BHSPE Fund on this acquisition, which involved complex structuring as well as a fair and constructive approach by the management co-investors, and we wish them all the best in their joint Tiyo endeavour," said Michal Jend~elovský who led the Schoenherr team.

"The acquisition of Altran CZ was a complex transaction with aspects of carve out, MBO and LBO," said Luděk Palata, partner at Versute Investments a.s. "We therefore required comprehensive legal guidance. The Schoenherr team under the leadership of Michal Jend~elovský provided us with great service. Thanks to their professionalism, client-friendly approach and valuable business understanding, we felt well taken care of during the entire transaction process."

BHS Private Equity Fund, whose general partner is Versute Investments a.s., is a sub-fund of BHS Fund II - Private Equity, a variable capital investment fund, and focuses on investments in small and medium-sized business in the Czech Republic and Slovakia.

Tiyo a.s., founded in 1993, is a leading provider of research, development and testing services for various industries. The company provides its services to more than 300 customers mainly in Europe and its annual sales exceed CZK300m.

Schoenherr Czech Republic's M&A team provided comprehensive transactional advice, including due diligence, deal structuring and negotiation of transaction documentation with the seller. It also drafted the shareholder agreement.

The Schoenherr team advising on the transaction was led by Michal Jend~elovský (attorney at law) and also consisted of Vladimír Čí~ek (partner), Helena Hangler (attorney at law), Marie Gremillot (attorney at law), Libuae Dočekalová (attorney at law), Rudolf Bicek (attorney at law), Petr Korál (attorney at law), Kristýna Zmatlíková (attorney at law), Jan Kupčík (attorney at law) and Sebastian `peta (attorney at law).

The seller was represented by CMS, and the managers were represented by Arrows.

Contributor

Schoenherr Attorneys at Law logo
We are a full-service law firm with a footprint in Central and Eastern Europe providing local and international companies stellar advice. As the go-to legal advisor for complex commercial matters in the region, Schoenherr aims to use its proximity to industry leaders, in developing practical solutions for future challenges. We keep a close eye on trends and developments, which enables us to provide high quality legal advice that is straight to the point.

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