White & Case advises Colt CZ on CZK 22 billion acquisition of chemical manufacturer Synthesia Nitrocellulose
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Global law firm White & Case LLP assisted Colt CZ Group SE with its CZK 22 billion (approx. USD 1.05 billion) acquisition of Synthesia Nitrocellulose, a.s., a newly established spin-off of Synthesia, a.s. and a leading European and North American manufacturer of energetic nitrocellulose. Colt CZ will initially acquire a 51% stake, to be followed by the remaining 49% under already agreed terms. As part of the transaction, Colt CZ also agreed to acquire Synthesia's energy division, which will be spun off into a separate entity. Regulatory and due diligence aspects of the transaction were covered by a local law firm. Completion of both transactions is expected in 2026 subject to regulatory approvals.
Josef Adam, General Counsel & Vice-chairman of the Board at Colt CZ, who led the legal part of the transaction, said: "The acquisition of Synthesia Nitrocellulose is a natural extension of our long-term strategy. Through this transaction, Colt CZ Group gains access to a critical input for the defense industry and further strengthens its ability to meet increasing global demand. We appreciate the contributions of our colleagues and advisors in bringing it to a successful end."
Colt CZ, together with its subsidiaries, ranks among the world's leading producers of firearms and ammunition for military and law enforcement, personal defense, hunting, sport shooting and other commercial applications. It markets and sells its products primarily under the brands Colt, CZ (Česká zbrojovka), Sellier & Bellot, Colt Canada, Dan Wesson, swissAA, Spuhr and 4M tactical. The Group has been listed on the Prague Stock Exchange since 2020.
The White & Case team advising on the transaction was led by partner Petr Panek and local partner Jana Chwaszcz, and included a local partner Magda Olyšarová, as well as associates Lucie Kunclová, Milan Horák, and Gabriela Blahoudková (all Prague).
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