Dentons has advised the founders of Adastra Group on the sale of a majority stake in the company to global investment firm Carlyle. Clifford Chance, working with Latham & Watkins and Ropes & Gray, advised Carlyle.
The transaction remains contingent on regulatory approval.
According to Dentons, Adastra, headquartered in Prague and Toronto, is a global provider of AI, cloud, and data-driven transformation solutions, employing over 2,000 professionals across North America, Europe, and Asia. The Carlyle investment is set to bolster Adastra’s international growth, with a focus on organic expansion and targeted M&A. Carlyle’s equity investment will come from its Carlyle Europe Technology Partners V and Carlyle Asia Partners Growth II funds.
The Dentons team included Prague-based Partner David Simek, Counsels Lukas Poulik and Tomas Pavelka, Associates Abbey Varns, Katerina Kucerova, and Anna Kolodrubcova, and Junior Associates Krystof Vrtek, Dusan Korbel, Robert Kveton, and Tereza Krejcova, Budapest-based Partners Rob Irving and Kamran Pirani, Senior Associate Sebastian Ishiguro, and Associates Brigitta Kovacs and Aliz Wulcz, as well as additional team members in London, Germany, and Canada.
The Clifford Chance team included Prague-based Partners Michal Jasek and Milos Felgr, Counsels Dominik Vojta and Petr Sebesta, Senior Associates Veronika Kinclova, Tomas Prochazka, and Stanislav Holec, Associate Nikola Svobodova, and Junior Lawyers Petr Rysina, Matej Pavlik, Natalie Kurkova, David Herich, and Simon Pavlas as well as further lawyers in the UK and Germany.
