International law firm Bird & Bird’s Czech transactional team has assisted KB SmartSolutions, s.r.o. with acquiring full ownership of upvest s.r.o. by purchasing the minority shares held by its existing owners.
The transaction marked the conclusion of a successful investment journey which began in 2020 with the first capital entry into this Czech Fintech company by KB SmartSolutions, s.r.o. as a strategic investor.
upvest s.r.o. is a leading Czech real estate private debt and private equity investment platform. Since its establishment in 2017, upvest s.r.o. has funded investments totalling over CZK 6 billion. The company has built its strong market position by underscoring quality, the transparency of the projects offered and easy online access for investors.
KB SmartSolutions, s.r.o. is a subsidiary of Komerční banka, a.s. through which Komerční banka, a.s. invests in modern technologies in the financial sector, thereby contributing significantly to the transformation of a traditional banking institution into an innovative and technologically strong new generation bank.
The Bird & Bird transactional team in Prague was led by Ivan Sagál (Partner) and supported by Martina Waliczková (Associate) as well as Ľubomír Brečka (Counsel).
Ivan Sagál, partner at Bird & Bird, commented: “This project was one of the pilot investment projects pursued by KB SmartSolutions, s.r.o. that marked the beginning of our ongoing cooperation. By completing this transaction, we closed a final chapter of a successful investment story where we had the opportunity to assist our client from its early-stage investment entry, through a gradual capital increase process until gaining full ownership this year.”
