Assistance on another IT transaction
Commander Services was established in 2005 and has since become the Slovak leader in the GPS vehicle monitoring segment, providing comprehensive solutions for customers, including electronic logbooks, fuel cards, automatic tachograph data downloads, active vehicle monitoring and more. The company has four branches in Slovakia and two in the Czech Republic.
KSB advised on the Czech aspects of the transaction and included the preparation of the merger clearance proposal, due diligence on the Czech aspects of Commander Software, and furthermore preparation of contractual provisions relating to the coverage of risks associated with the software rights. The transaction advisory in Slovakia was managed by AK Relevans.
For more information on this transaction, please see Solitea's press release or media coverage, for example here.
As of December 1, 2022, Solitea will be renamed Seyfor. Martin Cígler, CEO of the company, explains the reason for the rebranding: “We want to be clear to customers around the world, and the name Seyfor will not limit us on new markets by being similar to the name of local companies." For more details, see the press release. On behalf of all of KSB’s team, we wish Seyfor just as much success under its new name as it has had so far.
Other articles
KŠB Assisted with the Refinancing of the BigBoard Group, a leading player in the premium outdoor advertising market
Our team provided legal advice to BigBoard Praha, a leading player in the premium outdoor advertising market in the Czech Republic, in connection with its refinancing. Founded in 1993, the BigBoard Group is the largest provider of premium outdoor advertising in the Czech Republic, with an approximately 70% market share and annual turnover of around CZK 2 billion. Its advertising media cover key locations across the country, including the Prague metro and major transport hubs.
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.
