IMAP Czechia advises PROMENS ZLIN on its third transaction and acquisition from BERRY Global

Over the last 24 years, IMAP Czechia has advised PROMENS ZLIN on three transactions, reflecting its outstanding client relationship and consistency in deal execution.

Deal 1: IMAP Czechia first advised Promens a.s. Zlin (PROMENS ZLIN), established in 1991 and formerly known as RIM-Tech , twenty-four years ago, on a transaction whereby a financial investor entered the company to support its growth. PROMENS ZLIN is a Czech based Tier-1 system and development supplier of large exterior and interior parts for trucks, buses, agricultural and construction machines produced by reactive injection molding and vacuum forming technology.

Deal 2: Fifteen years ago, IMAP Czechia once again advised the shareholders of the company, on the sale of 100% of the company shares to strategic buyer POLIMOON GROUP. From that moment, PROMENS ZLIN became part of a consolidation play in the space, leading them to fall under the umbrella of BERRY Global Group, Inc., a global leader in plastic packaging.

Deal 3: In 2020, BERRY Global decided to divest selected non-core activities. IMAP Czechia represented an MBO team established by Robert Zatloukal, the former co-owner and a long-term CEO of PROMENS ZLIN, to acquire the company back. During a decade and a half under global corporation ownership, PROMENS ZLIN has become a highly respected partner in the niche market segment, receiving numerous awards for its corporate excellence and good manufacturing practices. In the acquisition of the entire shareholding of PROMENS ZLIN, the MBO team partnered with ARX EQUITY PARTNERS. The transaction closed in April 2021.

Robert Zatloukal, CEO at PROMENS ZLIN, commented

“We have been successfully cooperating with IMAP and namely Richard Kovar for 24 years. Our relationship today is based on trust and reliability. Overall, I appreciate the professionalism of Mr. Kovar and his team, which throughout the entire period of our mutual cooperation positively reflected in the results of our business transactions.”

Tomas Lansky, Partner at ARX EQUITY PARTNERS, stated

“ARX is delighted to partner with PROMENS ZLIN, which represents an excellent case study of a successful Czech manufacturing company, producing sophisticated products that are well integrated into international supply channels. We are especially pleased to be able to work alongside the outstanding PROMENS ZLIN management team in order to pursue our joint objective to grow and expand the business in the coming years.”

Richard Kovar, Partner at IMAP Czechia, added

“IMAP Czechia has a 26-year history of serving clients in M&A transactions in the region. I personally managed all three transactions spread across the 24 years. Consistency in how we build business and relationships with our clients and investors has translated into a smooth transaction where all parties involved appreciated our high level of professionalism, fairness and trust which is so critical for MBO transactions.”

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