Petr Hudec
Biography
Overview
Petr Hudec is a partner in our global Capital Markets practice and the head of our Capital Markets practice based in Prague.
He has nearly two decades of experience representing corporates and financial institutions in a wide range of equity and debt capital markets transactions, including a number of the first-ever and highest-value capital markets transactions in and out of the Czech Republic and the CEE region.
Petr's extensive experience includes navigating clients through the complexities of equity and debt capital markets transactions ranging from IPOs, secondary offerings and public takeovers to investment-grade bonds, high-yield bonds, regulatory bonds, covered bonds, private placements, EMTN programs, and liability managements. In addition, his practice includes advising on secured lending and structured finance transactions. He also regularly advises on issues concerning capital markets regulation.
Petr is Czech and New York law qualified. He is based in Prague and has previously worked in the firm's London office. He is consistently ranked as a leading capital markets lawyer by major publications.
Experience
Petr has represented, among others, the following clients:
Energetický a průmyslový holding (EPH), a leading pan-European energy utility, on the establishment of the EUR 3 billion EMTN programme of EPH Financing International, guaranteed by EPH, and the debut issue of EUR 500 million notes thereunder. The notes are listed on the regulated market of Euronext Dublin.
PPF Telecom Group, a leading CEE telecommunications group, on the establishment and updates of its secured and guaranteed cross-over EUR 3 billion EMTN programme and several issues thereunder in the total amount of approx. EUR 2.2 billion. The notes are admitted to trading on Euronext Dublin.
Avast (Gen Digital), the leading global cybersecurity provider, on its USD 816.6 million (GBP 602 million) IPO, the biggest ever software IPO on the London Stock Exchange.
Česká spořitelna, Komerční banka, Société Générale and Wood & Company as joint global coordinators and joint bookrunners in connection with the IPO of Colt CZ Group (formerly Česká zbrojovka Group), one of the leading global producers of firearms for military and law enforcement, personal defence, hunting and sport shooting, on the Prague Stock Exchange.
Waberer's International, one of Europe's leading international full truckload freight forwarders, and its shareholder Mid Europa Partners on the HUF 24.7 billion IPO and listing on the Budapest Stock Exchange of shares in Waberer's International.
EP Infrastructure (EPIF), a leading European energy infrastructure utility, as issuer on several Eurobond issuances in the total amount of approx. EUR 2.4 billion, as well as in relation to its any and all cash tender offer in respect of its EUR 750 million notes. The notes are admitted to trading on Euronext Dublin.
CETIN Group, a leading wholesale provider of active and passive telecommunications infrastructure services in the CEE region, on the establishment and update of its EUR 2 billion dual-issuer EMTN programme and the debut issuance of EUR 500 million notes thereunder. The notes are listed on Euronext Dublin.
Czech Railways, the Czech national railway operator, as issuer on its Eurobond issues, including the issue of EUR 500 million 1.5% notes due 2026, EUR 400 million 1.875% notes due 2023, EUR 300 million 4.125% notes due 2019, and EUR 300 million 4.5% notes due in 2016. The notes are listed on the Luxembourg Stock Exchange.
Société Générale as arranger and Barclays Bank Ireland, J.P. Morgan, Komerční banka and Société Générale as dealers on the establishment of the EUR 5 billion EMTN programme for issuance of mortgage covered note by Komerční banka, one of the leading banks operating in the Czech Republic, and the debut issue of EUR 500 million mortgage covered notes thereunder. The notes are listed on the Luxembourg Stock Exchange.
Raiffeisen Bank International as arranger and dealer on the establishment by Raiffeisenbank, one of the leading banks operating in the Czech Republic, of the EUR 5 billion EMTN programme for issuance of mortgage covered bonds and the EUR 5 billion EMTN programme for issuance of regulatory notes, as well as subsequent issues of mortgage covered notes and MREL-eligible notes thereunder. The notes are listed on the Luxembourg Stock Exchange.
UniCredit Bank GmbH as arranger and dealer on the EUR 10 billion covered bond programme of UniCredit Bank Czech Republic and Slovakia, a.s., and the joint lead managers on several issuances of mortgage covered bonds under that programme, including the first issuance of green mortgage covered bonds on the Czech market. The notes are listed on the Luxembourg Stock Exchange.
Coordinators and joint lead managers in respect of the CZK 5 billion (approx. EUR 200 million) 8.5 per cent. guaranteed retail notes issued by the Dr. Max Group, a leading pharmacy chain in Europe. The notes are listed on the Prague Stock Exchange.
Rohlik Group, a European technology leader in e-grocery, in connection with consent solicitation in respect of the CZK 2.6 billion secured fixed rate bonds due 2026. We also acted as transaction counsel on the issuance of CZK 777 million (approx. EUR 30 million) notes due 2023 by Rohlik Group. The notes are listed on the Prague Stock Exchange.
NET4GAS, the sole owner and operator of the Czech gas transmission system, on a CZK-denominated dual-tranche bond offering in an aggregate amount of CZK 11 billion (approx. EUR 430 million), as well as on an exchange and tender offer in respect of its CZK 7 billion (equivalent to approx. EUR 270 million) 2.25 per cent. notes due 2021 issued under its EUR 5 billion EMTN programme and simultaneous issuance of CZK 2.6 billion (approx. EUR 100 million) Czech-law governed 2.750 per cent. notes due 2025. The notes are listed on the Prague Stock Exchange.
EP Infrastructure on its contemplated IPO on the London Stock Exchange and the Prague Stock Exchange; at the very final stage of the process, EPH, the controlling shareholder, proceeded with a private M&A transaction with Macquarie Infrastructure and Real Assets; the estimated value of the contemplated IPO by Reuters and the Financial Times was several billions of euros.
NWR, a CEE hard coal producer, on the successful restructuring of its balance sheet via a UK scheme of arrangement involving a rights issue, issue of new senior secured notes, mandatory convertible notes and contingent value rights listed on the Luxembourg MTF. The transaction won "2014 Industrial Goods and Basic Resources Deal of the Year" at M&A Advisor's Turnaround Awards.
Pegas Nonwovens (Pegas), a nonwoven fabrics producer incorporated in Luxembourg and listed on the Prague Stock Exchange and Warsaw Stock Exchange, in connection with the successful voluntary public tender offer by R2G, through which it acquired the remaining 89.17% stake in Pegas and ultimately took the company private.
JPMorgan as lead manager in connection with the offering and listing of shares in Central European Media Enterprises (CME), a Nasdaq-listed company holding media businesses in the CEE, including the operator of a leading television network in the Czech Republic.
Ranked as "Highly regarded" in Capital Markets, IFLR 1000, 2018-2023
Ranked for Capital Markets, Chambers Global, 2017-2023