Glatzova & Co has advised Pale Fire Capital on its acquisition of an investment stake in Czech heat pump manufacturer Acond. The NK Law Group advised the previous investor on the sale.
According to Glatzova & Co, “this investment will help Acond build a new plant, with which the company is to multiply its production capacity and expand abroad.”
Pale Fire Capital is an investment group focusing on technological innovation.
Glatzova & Co previously advised Pale Fire Capital on its acquisition of Arpem Networks (as reported by CEE Legal Matters on February 14, 2022), the acquisition of Virtual Training (as reported by CEE Legal Matters on August 18, 2021) and, in 2019, on its acquisition of Aukro (as reported by CEE Legal Matters on July 1, 2019).
The Glatzova & Co team included Partner Jiri Sixta and Attorneys-at-Law Jindrich Pastrnak and Gabriela Praskova.
The NK Law Group team included Czechia-based Partner Jitka Kadlcikova and Slovakia-based Partner Zuzana Nitschneiderova.