Kocian Solc Balastik has advised Jet Investment on its acquisition of building insulation producer Likov via the Jet 3 Qualified Investor Fund.
Likov is a Czech Republic-based family-owned manufacturer of building profiles for external building insulation systems.
According to KSB, since its inception in 1997, Jet Investment has focused on investing in majority stakes in industrial companies in Central Europe, particularly in the energy, engineering, advanced materials, rail, petrochemical, chemical, and gas sectors. "The Jet 3 Qualified Investor Fund plans to acquire industrial companies in the energy, engineering, and advanced materials segments over the next few years and to assist in their development and growth while striving to take into account ESG principles."
The KSB team included Partner Jan Lasak and Lawyer Jan Beres.
KSB was unable to disclose further information on the deal.
