Allen & Overy advises on Cordiant Digital’s Czech portfolio expansion

Cloud4com is set to be acquired for an initial consideration of CZK870mn (GBP30.7mn), with a further amount payable up to a maximum of CZK485mn, depending on Cloud4com’s 2024 earnings performance. DC Lužice is being acquired for CZK130mn, also subject to customary adjustments.

The A&O team was led by partner Prokop Verner, head of the Corporate/M&A practice, and senior associate Jana Chwaszcz, with support from junior lawyer Tomáš Špaček. Antitrust and regulatory aspects were handled by senior associate Ivana Halamová Dobíšková. Specialist M&A tax advice was provided by senior tax advisor Michal Dušek.

“We are delighted to have supported Cordiant and CRA on these strategic acquisitions, which will enhance CRA’s position as a leading provider of digital infrastructure and services in the Czech Republic.” – Prokop Verner, partner