The Prague office of Clifford Chance has advised a group of major Czech banks, led by Česká spořitelna and including Československá obchodní banka and Citi, on financing of acquisition of FoxPost. The Hungarian company specializing in logistics services, FoxPost, has been acquired by CVC Capital Partners and EMMA Capital. This transaction follows the consortium’s previous acquisition of Packeta, the parent company of Zásilkovna, highlighting its strategic investment in the European logistics sector.
FoxPost, founded in 2014 and headquartered in Eger, Hungary, specializes in logistics services with a primary focus on automated parcel locker solutions for package delivery and collection. It provides a network of parcel terminals across Hungary, enabling businesses and individuals to send and receive packages conveniently.
CVC Capital Partners is a global equity and investment manager with operations in Europe, Asia and the US with assets under management of €177 billion. CVC is an investor in 125 companies with a total annual turnover of approximately €100 billion and which employ more than 550,000 people. In its 40 years of activity, it has built a network of 29 offices worldwide.
EMMA Capital is a private investment holding founded in 2012 by Jiří Šmejc. In recent years, it has focused chiefly on markets in the European Union but is also present in other markets. It usually plays an active role in companies where it acquires an equity stake, participating in their management, development and in any eventual restructuring. EMMA’s investment priority is retail and customer-oriented companies.
The Clifford Chance team was led by senior associate Hana Čekalová and counsel Dominik Vojta and supervised by managing partner Miloš Felgr. The team was further supported by junior lawyers Ondřej Šteco, Adam Fanta, and Lukas Ljubovič.
