Komern banka Acquires Full Ownership of SGEF CR
Deal News | Mar 07, 2025 | Dentons
Komern banka, a major Czech Republic bank, has acquired the remaining 49.9% stake in SG Equipment Finance Czech Republic (SGEF CR) from Socit Gnrale Equipment Finance. This deal elevates KB to the sole owner of SGEF CR, as it already owned 51.1% of the shares. Simultaneously, other divisions of Socit Gnrale's equipment financing, excluding operations in the Czech Republic and Slovakia, were sold to the French financial group BPCE. Dentons provided advisory services for this transaction, which enhances KB's specialization in finance and innovation. However, the financial terms of the acquisition were not disclosed.
Sectors
- Banking
- Financial Services
- Legal Advisory
Geography
- Czech Republic – Komern banka and SGEF CR operate primarily within the Czech Republic, making it central to this transaction.
- France – Socit Gnrale Equipment Finance, the seller, and BPCE, involved in a related transaction, are both based in France.
Industry
- Banking – Komern banka, involved in this acquisition, is one of the largest banks in the Czech Republic.
- Financial Services – The transaction focuses on specialized financial solutions and leasing services, sectors in which SGEF CR is actively involved.
- Legal Advisory – Dentons, a global law firm, provided legal advisory services for this transaction.
Financials
- Undisclosed – The financial terms of the acquisition were not made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Komern banka, a.s. (KB) | BiddingCompanyBuyer | Company | A major banking institution in the Czech Republic and the acquirer in this transaction. |
| SG Equipment Finance Czech Republic s.r.o. (SGEF CR) | Target | Company | A provider of financial and operational leasing services, subject of the acquisition by KB. |
| Socit Gnrale Equipment Finance, S.A. (SGEF SA) | Vendor | Company | The seller of the 49.9% stake in SGEF CR, part of Socit Gnrale's broader divestment strategy. |
| Dentons | Legal Advisor | Company | A global law firm that provided legal advisory services for the transaction. |
| BPCE | Other | Company | A French financial group that acquired Socit Gnrale's equipment financing division, excluding Czech Republic and Slovakia. |