Bird & Bird's Corporate M&A team assisted KB SmartSolutions, s.r.o. with one of their pilot projects the strategic entry into upvest s.r.o.,
upvest is a Czech FinTech start-up, a provider of an investment crowdfunding, connecting investors and developers for the purpose of external financing of a broad range of real estate development projects.
KB SmartSolutions, s.r.o. is a subsidiary wholly owned by Komerční banka, a.s. (member of Société Générale Group) enabling Komerční banka the cooperation with innovative fintechs and start-ups fulfilling its vision to be an innovation leader on the market and building the banking of the future. Through this strategic entry, Komerční banka, a.s. will broaden its investment offering forclients while supporting real estate developers during their project financing.
The Bird & Bird Corporate team in Prague consisted of partner Ivan Sagál and associates Ľubomír Brečka and Martina Kopcová.