Global law firm Dentons advised a syndicate of banks led by Česká spořitelna and including Komerční banka and UniCredit bank Czech Republic and Slovakia on financing the acquisition by KKCG group of a 100% share in Avenga from funds managed by Oaktree Capital Management and funds Cornerstone Investment Management.

Avenga is a German-headquartered software engineering and consulting company that operates across Europe, the Americas, and Asia. The acquisition will strengthen KKCG's presence in Europe and North America, particularly in the healthcare and pharma sectors, and will combine Avenga's resources with those of KKCG's portfolio company, Qinshift, to create a leading digital transformation architect with nearly 7,000 professionals.

Dentons acted as lead counsel to the lenders on the financing. Partner Daniel Hurych, Co-head of the Banking and Finance practice in Prague, led the team, which included associates Martin Fiala and Martin Šupák in Prague, as well as partner Stephane Hadet and associate Christian Azoulay in Luxembourg.

Partner Daniel Hurych commented, “We advised the lenders on previous financings for KKCG and its technology pillar ARICOMA Group to help finance several acquisitions in the technology sector. We are happy that we had another opportunity to contribute to the smooth and efficient financing between our long-standing clients Česká spořitelna, Komerční banka and UniCredit and KKCG and continue supporting KKCG´s success.”

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