HAVEL & PARTNERS, in association with the financial advisor Arbol Advisory, participated in another major transaction in IT and telecoms in the Czech market. The firm’s M&A specialists provided comprehensive legal advice to Marek Bukal and Pavel Vávra, the majority owners of SMART Comp, in the sale of their shares to Nej.cz.

SMART Comp is a major provider of Internet and mobile services and the operator of the NETBOX network offering fibre-optic Internet connection, Kuki Internet TV and the services of the virtual mobile operator NETBOX Mobil.

Partner Václav Audes, senior associate Juraj Petro and legal assistant Filip Pavlík advised the owners on the sale of approximately 64% of the shares.

Nej.cz, a member of the Kaprain Karel Pražák group, currently provides Internet connection to more than 200,000 households and 10,000 companies. The transaction follows a series of mergers with six other telecommunications companies completed by Nej.cz last year.