Dentons US LLP

07/28/2021 | Press release | Distributed by Public on 07/28/2021 13:16

Dentons advises Slovenská sporiteľňa on acquisition financing for Slovakia’s largest biscuit producer

July 28, 2021

Bratislava, July 28, 2021 - Dentons' Banking and Finance team in Bratislava has advised Slovenská sporiteľňa (a member of the Erste Group), on one of the largest non-real estate banking transactions in Slovakia in this year. The acquisition loan was provided to a borrower controlled by Ing. arch. Pavol Jakubec and was used for the acquisition of a 50% stake in I.D.C. Holding, a.s., the producer of iconic Slovak biscuits Horalky, Mila, Kavenky and others. The acquisition gave Mr. Jakubec full control over I.D.C. Holding, a.s.

Senior associate Petra Strbova led the Dentons team, supported by associate Bianca Bohmova.

'We managed to complete the transaction in record time and to the great satisfaction of our client. We would like to thank the team of the Large Corporate Clients and Structured Finance Department at Slovenská sporiteľňa for the great cooperation that led to the successful and smooth completion of the whole transaction,' commented Petra Strbova who led the transaction.

'We are very happy to have advised and supported our client Slovenská sporiteľňa on this unique Slovak banking deal and are grateful for the trust and opportunity. Special congratulations to Petra Strbova, who did a great job leading the deal, and whose strong dedication and sharp-minded focus helped the client to complete this transaction under a very tight time line.' said Patricia Gossanyiova, Head of Dentons' Banking and Finance practice in Bratislava.

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Dentons is the world's largest law firm, connecting top-tier talent to the world's challenges and opportunities with 20,000 professionals including 12,000 lawyers, in more than 200 locations, in more than 80 countries. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and award-winning client service challenge the status quo to advance client interests. www.dentons.com