KSB Advises on Another Chapter of Joint Investment between J&T and Rohlík Group
J&T Group is a long-standing KŠB client and it was a pleasure to work with them again.
Rohlik Group, founded in 2014 in the Czech Republic, is one of Europe’s leading online delivery services for groceries and other fast moving consumer goods, with operations in the Czech Republic, Germany, Austria, Hungary and Romania. Using unique internally developed software solutions, the group is currently able to deliver approximately 20,000 items and can even offer 15-minute delivery times in some countries.
The joint investment story of the Rohlik Group and J&T has been in the making for several years. So far it has culminated in the merger of the two groups with the opening of the Rohlik Growth SICAV investment fund, which is expected to be worth well over EUR 120 million. The majority of the fund will be held by Rohlik's founder, Mr. Tomáš Čupr, and the rest will belong to JTFG FUND I SICAV, where the largest investors are J&T Banka and the largest Czech fund J&T Arch (for our assistance in previous acquisitions, see e.g. here). Investment in the upcoming fund is subject to a minimum deposit of CZK 1 million and is intended exclusively for qualified investors.
The second part of the transaction was the issuance of five-year bonds, where we advised, in addition to J&T Bank, Česká spořitelna and PPF banka as the three lead managers. At stake is the acquisition of an investment of up to CZK 4.5 billion. This issue, like the investment in the fund, also contains the first publicly traded debt investment instrument, the so-called equity-link element, in the form of a variable premium at maturity based on the valuation of the Rohlík Group.
The two parts of the transaction were closely linked and therefore required close cooperation between the respective teams in addition to comprehensive corporate, financial, contractual and tax law expertise. A welcome innovation in the domestic capital market, we wish much success to both investment products.
Read more here:
Other articles
KŠB advises the National Development Bank on the integration of the Czech Export Bank
KŠB advised the National Development Bank (Národní rozvojová banka, a.s.) on the integration of the Czech Export Bank (Česká exportní banka, a.s.) into the NRB group.
When Excessive Prevention Does More Harm Than Good
At the end of 2025, the Supreme Court of the Czech Republic ruled that the preventive retention of traffic and location data under the Electronic Communications Act infringes the rights of the persons whose data is concerned.
KŠB Advises on the Establishment of FIDUROCK Retail Parks Fund SICAV
Kocián Šolc Balaštík advised Fidurock on the establishment of FIDUROCK Retail Parks Fund SICAV, an investment fund targeting qualified investors and focused on areal estate portfolio in the Czech Republic and Slovakia.
