KSB, Lakatos, and White & Case advise on KMV acquisition from Nestle
Written by Radu Cotarcea
Karlovarske mineralni vody (KMV), advised by Kocian Solc Balastik and Lakatos, Köves & Partners, successfully signed the contract for the acquisition of the Hungarian bottled water Kekkuti Asvanyviz from Nestle Waters, represented by White & Case.
According to Kocian Solc Balastik, the negotiations on the sale of the Hungarian division of Nestle Waters bottled water took more than one year.
KMV launched its European expansion in 2008 when it purchased the Austrian company Waldquelle, which under KMV’s management has become the second largest drink company on the local market. In addition to the Czech Republic, KMV now also operates in Austria, Germany, Poland, Slovakia, and Ukraine.
KMV is the largest producer of mineral and spring water in Central and Eastern Europe with a long tradition of, in particular, its main Mattoni brand. KMV’s wide experience in the field of bottling and sale of mineral and spring water together with the offer of a wide soft drink portfolio will strengthen Kekkuti Asvanyviz’s position on the Hungarian market.
The KSB team working on the deal included Managing Partner Dagmar Dubecka and Counsel Christian Blatchford. According to CEELM sources, the Lakatos team was led by Richard Lock. The team advising Nestle from White & Case consisted of Partner Rob Irving, Local Partner Anthony O’Connor and Associate Orsolya Szabo.