Bird & Bird’s Czech Corporate / M&A team continues advising KB SmartSolution, s.r.o., a subsidiary of Komerční banka, a.s. (member of Société Générale Group) focused on investment projects in financial services.
In 2020, KB SmartSolutions, s.r.o. decided to strategically invest in the Czech FinTech company Lemonero s.r.o. through the acquisition of shares in its parent company MonkeyData s.r.o. Lemonero offers fast and flexible operational financing in the field of e-commerce through a digital platform, data use and artificial intelligence. The entire process of obtaining the capital takes place online and serves primarily to support the companies’ growth or stabilisation of their existing cash-flow.
Now, after two years of successful cooperation, KBSS has decided to more than double its share in MonkeyData s.r.o.
KB SmartSolutions, s.r.o. is a subsidiary of Komerční banka, a.s. through which Komerční banka, a.s. makes investments in modern technologies in the financial sector, and thus significantly contributes to the transformation of a traditional banking institution into an innovative and technologically strong new generation bank.
Bird & Bird is an international law firm with a focus on supporting organisations being changed by technology and the digital world. The Bird & Bird team has a long history of supporting FinTech and technology-oriented M&A transactions. The team has gained international recognition for its know-how in the use of technology and digital solutions across industries, as well as won numerous awards globally and in the Czech Republic.
The Bird & Bird transactional team in Prague was led by partner Ivan Sagál and supported by associates Ľubomír Brečka and Karolína Rösler.
