Komern banka Completes Acquisition of 100% Stake in SGEF Czech Republic
Deal News | Mar 07, 2025 | Dentons
Komern banka (KB), a leading Czech bank, has acquired a 49.9% stake in SG Equipment Finance Czech Republic s.r.o. (SGEF CR) from Socit Gnrale Equipment Finance, S.A. (SGEF SA), bringing its ownership to 100%. This acquisition is part of KB's strategy to enhance its capabilities in specialized financing. The move coincides with Socit Gnrale's divestment of other equipment finance activities to BPCE, excluding those in the Czech Republic and Slovakia. Dentons law firm advised KB, with a team led by Corporate and M&A Partners David imek, Olivier Genevois, and Petr Zkouck. The financial details of the transaction were not disclosed.
Sectors
- Financial Services
- Legal Services
Geography
- Czech Republic – Komern banka and SGEF CR both operate in the Czech Republic, making it a primary geographical focus of the article.
- France – Socit Gnrale and BPCE, both involved in the broader transaction dynamics, are based in France.
Industry
- Financial Services – The article relates to financial services as it involves a significant acquisition by Komern banka, a banking institution, in the realm of equipment finance.
- Legal Services – Dentons, a global law firm, played a crucial role by advising on the acquisition, emphasizing the legal services industry.
Financials
- Not disclosed – The financial terms of the transaction between Komern banka and Socit Gnrale Equipment Finance were not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Komern banka, a.s. (KB) | Bidding Company/Buyer | Company | One of the largest banks in the Czech Republic, acquiring full ownership of SGEF CR. |
| SG Equipment Finance Czech Republic s.r.o. (SGEF CR) | Target Company | Company | An equipment finance company in the Czech Republic, now fully owned by Komern banka. |
| Socit Gnrale Equipment Finance, S.A. (SGEF SA) | Selling Company | Company | The entity selling its stake in SGEF CR to Komern banka. |
| Dentons | Legal Advisor | Company | A global law firm advising Komern banka on the acquisition. |
| BPCE | Other Company | Company | A French financial group that acquired other equipment finance activities from Socit Gnrale. |