Global law firm Dentons has advised Komerční banka, a.s. (KB), on the acquisition of a 49.9% stake in SG Equipment Finance Czech Republic s.r.o. (SGEF CR) from Société Générale Equipment Finance, S.A. (SGEF SA). Combined with its existing stake of 51.1%, the acquisition makes KB the 100% owner of SGEF CR. The parties have decided not to disclose the value of the transaction.

The transaction closed in parallel with the sale by Société Générale of its equipment financing activities -- excluding activities in the Czech Republic and Slovakia -- to BPCE, a French financial group.
SGEF CR provides finance leases, operating leases and loans including subsidized support. It finances investments in industrial equipment, modern technologies, transport and agricultural equipment, and healthcare.

KB is one of the largest banks in the Czech Republic. Its exclusive ownership of SGEF CR will create new opportunities to further strengthen the group’s expertise in specialized financing and innovative financial solutions.

Dentons' team included Corporate and M&A Partners David Šimek (Prague), Olivier Genevois (Paris) and Petr Zákoucký (Prague), Associate Anna Kolodrubcová, and Junior Associates Kryštof Vrtek and Dušan Korbel. Senior Associate Tomáš Pavelka and Junior Associate Robert Květoň advised on competition aspects.

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