The Clifford Chance Prague Association team supported CSG throughout all aspects of the financing, including its structuring. The Fiocchi transaction involved a complex cross-border financing framework to facilitate both the minority stake acquisition and the refinancing of existing indebtedness. This transaction builds on the firm’s ongoing support for CSG, having previously advised on the corporate, regulatory and financing aspects of CSG’s acquisition of The Kinetic Group in the United States – a move that positioned CSG as the most significant producer of small calibre ammunition in the USA and one of the largest worldwide.
Fiocchi was established in Lecco in 1876. Fiocchi is a global leader in small calibre ammunition production with premium positioning, mainly addressing the civil market. The company is recognized worldwide for its strong innovation capabilities, including lead free and green technologies. Thanks to a unique historical heritage, Fiocchi is renowned on the world stage for its reliability and high performance with more than 15 Olympic titles in biathlon, trap and double trap, as well as numerous world and national titles.
CSG is a Czech industrial holding focused on defence and civil industrial production, with a strong presence across Europe and the United States. Fiocchi, headquartered in Italy, is a leading global manufacturer of small-calibre ammunition, with over 140 years of history and operations spanning multiple continents.
The Clifford Chance Prague Association team was led by senior associate Hana Čekalová and counsel Dominik Vojta. The team also included junior lawyer Ondřej Šteco, with overall supervision provided by managing partner Miloš Felgr.