August 2018 – Kinstellar has successfully advised the Dutch group NN on the acquisition of the Czech life insurance business and the Slovak life and pension insurance businesses of Aegon, a Dutch financial services major, for a combined total of EUR 155 million.
This bolt-on acquisition is set to strengthen NN’s position in the life insurance business, its distribution network in the Czech Republic and Slovakia, as well as the company’s position on the Slovak pension market, according to NN Group.
Kinstellar’s team in the Czech Republic was led by Karla Rundtová (Of Counsel) and Lukáš Ševčík (Partner). Other key members in Prague were Martina Březinová and Tomáš Čihula (Counsel) and Tereza Naučová and Pavla Krsková (Senior Associates). The team in Slovakia included Adam Hodoň and Roman Oleksik (Partners), Dominika Bajzáthová (Senior Associate) and Marko Ernek (Associate). Květoslav Krejčí (Partner) supported the teams in relation to the English law aspects of the transaction.