Poland

The transaction involved Tri Star Technology Group’s acquisition of 100% of the shares in Sprick Rowery sp. z o.o. – a Polish bicycle manufacturer linked to Prophete’s e-bike segment and Woom children’s bicycles – together with the acquisition of key real estate assets necessary for maintaining manufacturing operations. The project had a cross-border dimension and was carried out in the context of insolvency proceedings conducted  before a German bancruptcy court. Key elements of the transaction included arrangements with financial creditors, debt restructuring and the development of solutions enabling the continued operation of the business. The successful completion of the transaction made it possible to avoid the liquidation of Sprick Rowery sp. z o.o., preserve its manufacturing facility and maintain  jobs. The acquisition provided the company with a stable strategic investor, enabling its continued operation within the e-bike value chain. Through the transaction, Tri Star Group strengthened its presence in Central Europe and expanded its manufacturing capabilities in the bicycle sector. Baker Tilly Legal Poland provided comprehensive legal advice, including: conducting due diligence, structuring the transaction, preparing, negotiating and finalising transaction documentation, representing in negotiations with the consortium of creditor banks, advising on legal risks related to insolvency proceedings and restructuring processes conducted in Poland and Germany, preparing documentation related to the release of security interests, as well as supporting negotiations with financing institutions. The Baker Tilly Legal Poland team included: - Grzegorz Gajda, Managing Partner, - Dominika Sawicka, Managing Associate, - Aleksandra Połojko-Marciniak, Associate, as well as: - Krzysztof Rubas, Counsel, - Joanna Jędrzejewska, Counsel, - Emilia Drzazgowska-Bzdok, Senior Associate. TPA Poland advised on the tax aspects of the transaction, including tax due diligence. The team was led by Wojciech Sztuba, Managing Partner, with support from Alicja Kornosz, Manager and Mateusz Radziszewski, Senior Consultant. On behalf of Baker Tilly TPA, Maciej Krokosiński, Partner, and Paweł Bobrowicz, Manager, were involved in the financial due diligence. Tri Star Technology Group is an international industrial group with manufacturing and technology operations across Europe, North America and Asia.

The transaction involved DomData, a company developing a proprietary low-code platform used by financial institutions to automate key business processes. DZP experts have advised a Kulczyk Investments group company as the acquirer of a majority stake in DomData, one of Poland’s leading providers of technologies supporting business process automation and the digital transformation of financial institutions. DomData is a specialised provider of technological solutions for the digitalisation of business processes based on its proprietary “Ferryt” low-code platform. The company has for years been one of the leaders in banking technology in Poland and is an essential partner for financial institutions implementing transformation projects. The transaction will enable Kulczyk Investments Group to support DomData's further development, scaling of operations and product expansion. DZP’s advice included comprehensive support in the M&A process, from a due diligence, through the preparation of transaction documentation, negotiations, obtaining clearance from the President of the Competition and Consumer Protection Office, to transaction closing. The work was carried out by lawyers from the Corporate and M&A Practice, Paweł Pioruński, Joanna Fasula, Bartosz Saładyk and Łucja Bałkowiec-Iskra, with the support of Piotr Gogol, Jerzy Kapitańczuk and Aleksandra Ziemnicka-Ratajczak in competition law matters, Karolina Kulikowska-Gruszecka in the field of intellectual property, Katarzyna Zwierz-Wilkocka and Wiktoria Kokoszka in the field of labour law, and Joanna Wierzejska and Tomasz Leszczewski in tax matters. The investment strengthens Kulczyk Investments' engagement in the sector of technologies supporting key business processes and affirms its long-term strategy of investing in scalable solutions for the financial sector.  

The transaction concerned the sale of undeveloped properties located in Gronowo Górne, in the municipality of Elbląg, with a total area of nearly 9 hectares. The properties are situated in the immediate vicinity of the S22 expressway and close to its junction with the S7 route. Under the local zoning plan, the land is designated for service development, including retail and wholesale facilities exceeding 2,000 m², conference centres – including hotels and gastronomy – as well as high-bay logistics facilities. The scope of Baker Tilly Legal Poland’s advisory services included comprehensive legal support to the client in negotiating and executing the sale transaction, as well as advice on the transaction structure, settlement arrangements and cooperation between the investors. The transaction on behalf of Baker Tilly Legal Poland was led by Piotr Łaska, Partner in the Real Estate team. Krzysztof Rubas, Counsel, advised on corporate law matters and settlements between the shareholders. “Cloe Investments sp. z o.o., its shareholders and team were extremely happy with the professional, personal and proactive engagement of Piotr Łaska and the team at Baker Tilly Legal Poland throughout the process of concluding the successful sale of its property in Elbląg” – said Sean Flanagan, Chief Financial Advisor. Tax advisory in connection with the transaction was provided by Joanna Prokurat, Partner at TPA Poland. As part of the project, the Baker Tilly Legal Poland and TPA Poland teams also cooperated with legal and tax advisors to the Cloe Investments in Ireland and Luxembourg. Cloe Investments sp. z o.o. is an investment company controlled by Irish investors and active on the Polish commercial real estate market. The company focuses on projects involving the development of investment land designated for retail, residential and logistics purposes. Lawyers at Baker Tilly Legal Poland have been advising Cloe Investments and its investors in Poland for over a decade. The described transaction forms part of the group’s current investment strategy.  

Baker Tilly Legal Poland has once again been recognized in the prestigious international Legal 500 EMEA 2026 ranking, confirming its strong position in the Polish legal services market and the consistent development of its key practice areas. In this year’s edition, the firm was distinguished in the following areas: Commercial, Corporate and M&A (Tier 5) – for advising on transactions, reorganizations, and comprehensive corporate projects, Real Estate (Tier 3) – for legal support in real estate projects, including investments, transactions, and advisory services for developers and investors. New recognition for Employment law practice A particular achievement in this year’s ranking is the firm’s first recognition in the field of employment law in the “Firms to Watch” category. “We see this distinction as confirmation that we have built an employment law practice that goes beyond day-to-day advisory and supports clients in transformation processes – from restructuring to designing employment models. In this area, understanding the broader business and regulatory context is key, rather than focusing solely on the literal wording of the law” – says Grzegorz Gajda, Managing Partner at Baker Tilly Legal Poland. Consistent growth and confirmation of quality The Legal 500 rankings are the result of a multi-stage research process, including analysis of projects, client feedback, and evaluation of a firm’s market position. Client feedback plays a significant role in determining ranking positions, as clients share their experiences of working with the firm as part of the research process. Their engagement – including willingness to participate and provide feedback – serves as an important benchmark for assessing the quality of legal advisory. “This recognition stems from our involvement in projects where legal advice is one element of a broader puzzle – encompassing investment decisions, operational matters, and risk management. Equally important to us is client feedback, as it best verifies how we work and communicate during these projects. The firm’s recommendations are a result of the strategy we adopted several years ago – building a strong law firm brand for mid-market clients” concludes Grzegorz Gajda. The firm would like to thank all its clients for their trust and cooperation, and especially those who participated in the research process for their time and valuable feedback.