3 February 2023
Clifford Chance advises Komerční banka and Československá obchodní banka in relation to financing of acquisition of Tescan by Carlyle
Clifford Chance advises a club of major Czech banks coordinated by Komerční banka, a.s., a member of the international financial group Société Générale, and Československá obchodní banka, a. s., a member of the international KBC group, and further consisting of Citibank Europe plc, acting through its Czech branch Citibank Europe plc, organizační složka, Česká spořitelna, a.s. and UniCredit Bank Czech Republic and Slovakia, a.s. in connection with the financing of the acquisition of TESCAN ORSAY HOLDING, a.s. (“TESCAN”), a leading manufacturer of electron microscopes and other high-tech scientific instruments, by Carlyle (NASDAQ: CG). The value of the transaction was not disclosed.
The Carlyle Europe Technology Partners (“CETP”) platform will aim to support TESCAN’s growth as a leading developer and supplier of cutting-edge analytical instruments by enhancing its position as a high-end manufacturer of devices targeting the most complex analysis use-cases, investing in new products, and further internationalizing the business. CETP has a longstanding history of investments in the sector and extensive experience working with and scaling similar technology businesses such as Cameca and Envea.
Vladimir Lasocki, Managing Director and Co-Head of the CETP investment advisory team, said: “TESCAN is a unique business and the last independent player in its sector. In this attractive primary opportunity, we recognize the potential to build on our domain knowledge of the analytical instruments market by working with the company to unlock the next level of growth as its large and varied end markets continue to expand and evolve. CETP has significant experience growing and internationalising leading European technology businesses, and we look forward to working with the TESCAN team on this exciting next step.”
The Clifford Chance team working on this financing was led by Senior Associate Dominik Vojta and supervised by London Partner Jim MacHale and Prague Partner Miloš Felgr. The team was further supported by Junior Lawyer Tomáš Kubala.