Events

On annual the Czech Private Equity and Venture Capital Association (CVCA) membership meeting on April, 16, 2013 new board members were elected.

New members of the board are: Jan Topinka from law firm Havel & Holásek who was newly elected as a chairman of CVCA Tax & Legal Committee and Luděk Palata from Riverside Europe Partners.

Thanks belongs to outgoing board members Mr Vladislav Jež from Credo Ventures and Tomáš Doležil from Clifford Chance law firm.

The membership meeting was followed by PE/VC MIXER under kindly support of Clifford Chance and Erste Corporate Banking.

Photo: Anna Píšková

YOU ARE INVITED TO JOIN US FOR AN EVENING OF SOCIALIZING WITH BUSINESS ANGELS AND START-UPS.

Program:
Moderated discussion with Eduard Míka /Mall.cz
Discussion moderated by Ondřej Bartoš /Credo Ventures

Invitation to download here:

Seminars are scheduled to be held from February to June, every last Thursday of the month, at 6 p.m. in the premises of CMS in Prague. Participation is free of charge for start-ups.

All seminars of the series are free of charge for start-ups – speakers will include experienced advocates and the seminars will be held at Palladium, Na Poříčí 1079/3a, Prague 1, starting on 28 February 2013 at 6 p.m. The first seminar will be dedicated to the basic principles of the Czech law followed by a series of seminars on contracts, corporate law and securities, dispute resolution/ litigation, employment law, consumer protection and personal data protection. Businessmen who have just started their business will thus be provided with information that every entrepreneur should have a basic understanding of.

Capacity of the seminars is limited to 40 participants.

For registration and more information on the seminar
series, please visit: http://www.inovacentrum.cvut.cz/akce

Programm of the seminars to download here:

We would like to invite you to our Business Breakfast which is being organised by CVCA together with Squire Sanders and PwC. The event will be focusing on Management incentive schemes - commercial, legal and tax aspects, presented by Ms. Karin Konstantinovova, Partner, Squire Sanders, Prague and Mr. Tim I. Hughes, Director, M&A tax team, PwC, London. The presentation will cover stock option schemes in comparison with other management incentive schemes; typical Western European schemes and typical CEE schemes.

Invitation to download here:

CVCA Christmas Celebration was supported by associated members: ERSTE Corporate Banking represented by Mr Jan Vrátník a CMS Cameron McKenna represented by Mr Lukáš Janíček. Mr Jaroslav Horák was awarded CVCA honorary membership for an extraordinery contribution to the private equity industry and long-term work for association. The VIA Foundation presented its activities during the evening.

Photo: Anna Píšková

Law firm CMS and the Czech Private Equity and Venture Capital Association (CVCA) jointly
organized a seminar on current standards in Share Purchase Agreements, based on CMS's latest M&A Study.

The seminar was open to members of the CVCA and of the Chartered Financial Analyst Society (CFA) and marked the beginning of a closer cooperation between the two organizations.

Using the results of the latest annual CMS M&A Study (based on 1,350 transactions in which CMS has been involved) the seminar looked at what can currently be considered ‘market standard’ in European M&A transactions in terms of legal provisions in Share Purchase Agreements - such as MAC (material adverse change) clauses, purchase price adjustments, locked box and earn-out mechanisms and warranties - which are usually the subject of intensive negotiation.

Rather than looking at the legal mechanisms as such, the presenters Ian Parker and Ana Radnev translated what these mean for the audience in practice. The presenters also looked at terms of Share Purchase Agreements which may affect the bankability of transactions and other acquisition finance related issues.

Photo: Veronika Synková

The networking evening Private Equity Mixer for CVCA members and partners took place on September 26, 2012 in  St. Thomas Brewery Bar in Augustine Hotel Prague in partnership with Clifford Chance LLP. A new CVCA full member PineBridge Investments was welcome.

Photo: Anna Píšková