December 2023 – Kinstellar's Prague office has successfully advised Genesis Private Equity Fund III (GPEF III), from the established private equity group Genesis Capital, on the sale of SANBORN, a key supplier of precision components and specialised parts for the power generation, oil & gas and transportation industries, to Singapore-based industrial group Oriens.
Sanborn manufactures and supplies critical components for the world's leading manufacturers of generators and turbines, energy companies and transportation, mainly from special steel alloys. The company's key clients include leading international industrial conglomerates such as GE, Siemens, Wabtec, Technip FMC, and OneSubsea. The company expects revenues in 2023 of over CZK 650 million.
In the execution of this notable transaction, Kinstellar exhibited its extensive legal acumen, providing a thorough spectrum of legal services to proficiently oversee this complex agreement. The firm's involvement encompassed the provision of sophisticated transactional counsel, with an emphasis on the strategic facilitation of SPA negotiations and the meticulous culmination of the transaction.
The Kinstellar team was led by Jan Juroaka (Partner, Prague) and included Michal Kní~ (Managing Associate) and Denisa `imanská (Associate).