White & Case has advised on Dr. Max’s second retail domestic bond issuance valued at CZK 1.25 billion, guaranteed by Glebi Holdings, and listed on the Prague Stock Exchange.
Ceska Sporitelna, Komercni Banka, and UniCredit Bank Czech Republic and Slovakia were the arrangers and joint lead managers and Privatbanka acted as manager.
Dr. Max is fully owned by Penta Investments, an investment group active in the healthcare sector.
According to White & Case, the issuance follows Dr. Max’s debut CZK 5 billion bond issuance in 2023. In total, Dr. Max has now issued bonds worth approximately EUR 250 million. The proceeds will fund the chain’s further development and expansion abroad.
The White & Case team included Partner Petr Hudec, Counsel Petr Smerkl, and Associates Jan Vacula and Josef Levy.