Clifford Chance has advised Czechoslovak Group on its initial public offering of shares and listing on Euronext Amsterdam. Allen Overy Shearman Sterling advised the underwriting syndicate.
According to A&O Shearman, the underwriting syndicate was led by BNP Paribas, Jefferies, J.P. Morgan, and UniCredit as joint global coordinators, with Ceska Sporitelna, Commerzbank, Deutsche Bank, and Morgan Stanley acting as joint bookrunners.
According to Clifford Chance, the offering represents the largest-ever defence sector listing by value, the largest European IPO since 2022, and the largest listing on Euronext Amsterdam in the past two decades. Total gross proceeds from the offering could reach up to EUR 3.8 billion if the over-allotment option is fully exercised, representing 15.20% of CSG’s issued share capital immediately following settlement.
CSG is owned by Czech entrepreneur Michal Strnad and is headquartered in Prague. The group focuses on the development and production of defence-related products, systems, and technologies. The company operates across multiple jurisdictions, with key portfolio companies located in the Czech Republic, Germany, Slovakia, Spain, Italy, India, the United Kingdom, and the United States.
The Clifford Chance team included Prague-based Managing Partner Milos Felgr, Counsel Petr Sebesta, Senior Associates Veronika Kinclova and Vladimir Rylich, Junior Lawyers David Herich, Barbora Firtikova, and Ondrej Steco, with further lawyers in London and Amsterdam.
The A&O Shearman team included Prague-based Partner Petr Vybiral, Associate Denisa Jonasova, and Senior Tax Advisor Michal Dusek, with further lawyers in London and Amsterdam.
