KSB Succeeds Among Czech Business Leaders
Among the finalists of this year's competition were 118 companies, which were shortlisted from 1529 Czech companies with the best economic results. The competition is open to companies whose owners have a permanent residence in the Czech Republic, whose ultimate owner can be traced, and which have been operating on the market for at least four years. Only medium and large companies with a turnover of over CZK 200 million per year can apply.
Another requirement for a company to participate is that it must have duly submitted its financial statements and must not be engaged in providing services of a financial nature. Participating businesses are evaluated on the basis of the Cribis Index rating of the CRIF – the Czech Credit Bureau – which is the competition’s expert guarantor.
Detailed information on the competition is available here (only in Czech).
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KŠB Assisted Sandberg Capital with a Majority Investment in HotelTime Solutions
The KŠB team provided legal advice to the investment group Sandberg Capital on the completion of a majority investment in HotelTime Solutions, one of the leading providers of cloud-based software for hotel operations management.
KŠB assisted Seyfor with the extension of its financing provided by Raiffeisenbank, Tatra banka and, newly, Slovenská sporiteľňa.
The KŠB team provided legal advice to its long-standing client Seyfor in connection with the continuation and expansion of its syndicated financing. The existing lending banks, Raiffeisenbank Czech Republic and Tatra banka, decided to continue supporting Seyfor’s growth, with Slovenská sporiteľňa joining the financing as a new lender.
