Private equity in Poland
Clifford Chance's experienced private equity team is led by managing partner Agnieszka Janicka, who is supported by Marcin Bartnicki and Wojciech Polz. Highlights for Janicka included advising Mid Europa Partners on its acquisition of Hortex Group from funds advised by Argan Capital. Polz assisted Abris Capital Partners with an investment agreement with WDX's main shareholders, Dariusz Bąkowski and Sławomir Bąkowski, and the announcement of a tender offer for shares in the public company.
Private equity is a core competency of CMS in Warsaw. The team's regulatory expertise is augmented by strong banking, retail, TMT, life sciences and energy knowledge. Department head Marek Sawicki advised Resource Partners on the sale of Delicpol. In another stand-out matter, he assisted Coast2Coast and Bounty Brands Holdings with the acquisition of Profi and the subsequent reorganisation process. Jakub Marcinkowski and senior counsel Dariusz Greszta are also key members of the team.
Greenberg Traurig Grzesiak sp. k.'s six-partner team draws on the firm's wider expertise in tax, M&A, real estate, banking and finance and capital markets to offer private equity clients a full service. Highly experienced transactional lawyers Lejb Fogelman and Jarosław Grzesiak jointly lead the department. Agnieszka Stankiewicz advised LCN Capital Partners on the financing of its acquisition of a complex of office buildings in Łódź from Ghelamco Group. Rafał Baranowski assisted Abris Capital Partners with its acquisition of Velvet Care.
Rymarz Zdort's team is led by private equity heavyweight Piotr Tomaszewski, who advised Argan Capital, AAT Holding and Lock Syndication on a public-to-private transaction. In another highlight, Pawel Zdort and Filip Uzieblo advised Globalworth Poland Real Estate and its main indirect shareholder, Oaktree Capital Group, on the sale, by way of tender offer, of all shares in Griffin Premium RE to Oaktree Capital Group. Marcin Chyliński is also recommended.
Baker & McKenzie Krzyżowski i Wspólnicy Spółka Komandytowa's team handles private equity matters in Poland and across the CEE region on both public and private transactions. Weronika Achramowicz advised CVC Capital Partners on the Polish part of its €900m exit from Paroc Group. Managing partner Piotr Rawski and Anna Zmitrowicz assisted Maj Invest with its acquisition of Icotera Group. Tomasz Krzyżowski and Jacek Balicki are also recommended.
Linklaters' department is headed by Tomasz Zorawski, a lawyer with extensive transactional experience across the CEE region. Marcin Schulz, Artur Kulawski and Janusz Dzianachowski advised Chariot Top Group on a major real estate portfolio acquisition from A-R-A Retail Centres. Daniel Cousens and Klaudia Królak advised Flokk Holding and Triton on the acquisition of Profim via a share swap.
Norton Rose Fulbright predominantly handles buy-outs, restructurings and exit transactions for domestic and international funds. The group is led by Piotr Strawa. Grzegorz Dyczkowski and of counsel Agnieszka Braciszewska are other key contacts. Former practice head Paweł Bajno left the firm to join Bird & Bird Szepietowski i wspólnicy sp. k. in January 2019.
Deloitte Legal, Pasternak, Korba, Moskwa, Jarmul i Wspólnicy Kancelaria Prawnicza sp.k. regularly handles private equity-backed deals, drawing on the business advisory expertise of the wider firm. Highlights for Paweł Moskwa and Karol Kicun (who jointly lead the practice alongside Piotr Siezieniewski) included assisting Mezzanine Management with its €100m acquisition of shares in ATM.
GESSEL Attorneys at Law
Private equity is a key component of GESSEL Attorneys at Law's practice. The team is led by managing partner Marcin Macieszczak, who primarily specialises in public and private equity transactions. Karol Sokół assisted the minority shareholders in Profim, portfolio company of Innova Capital, with a transaction for the sale of their shares to Flokk Group.
K&L Gates LLP
The main focuses for the team at K&L Gates LLP are fund formation, venture capital financing and fund exits. Highlights for recently promoted partner and practice head Michał Petz included advising Felix Capital and Target Global on their $21m round B investment in TravelPerk. Senior associate Artur Kloc is another name to note. As of May 2019, the firm's Poland office has been taken over by DWF Poland Jamka Sp.k.
Wardynski & Partners
Paweł Ciećwierz and Izabela Zielińska-Barłożek jointly lead Wardynski & Partners' group, which draws on the firm's substantial strength in M&A and capital markets. Together with Anna Dąbrowska, Zielińska-Barłożek advised Investindustrial VI on the acquisition of all shares in HTL-Strefa from EQT PE.
WKB Wiercinski, Kwiecinski, Baehr is instructed by a variety of institutional investors, including private equity and other alternative asset funds. In one stand-out matter, Jakub Jedrzejak and Ben Davey advised Wuhu YuanDa Venture Capital Co. as local counsel on the indirect acquisition of a company based in a special economic zone in Poland. Jędrzejak co-leads the team with Andrzej Wierciński.
Highlights for Chajec, Don-Siemion & Zyto Legal Advisors' Maciej Kotlicki included advising Parkdema UAB, an SPV of a Lithuanian-based energy and infrastructure fund managed by Lords LB Asset Management, on the acquisition of a 100% stake in City Parking Group from Royalton Partners. Andrzej Chajec and Szymon Skiendzielewski are also key individuals.
Gide Loyrette Nouel's team leverages the firm's corporate, finance, regulatory, tax and contract law expertise to provide a full service to private equity funds, their sponsors and investors. Department head Paweł Grześkowiak advised Enterprise Investors on the acquisition of a 38% stake in Unilink, in a deal that will consist of a capital increase and partial buy-out.
Noerr's team advises investors entering the Polish market, handles feasibility studies and is particularly noted for regulatory issues. Ludomir Biedecki and department head Jakub Lerner advised Continental Bakeries, which is controlled by the merchant banking division of Goldman Sachs and Silverfern, on its €60m acquisition of Delicpol from Resource Partners.
Highlights for Penteris's Wojciech Fabrycki included advising Warsaw-listed fund Octava Development on the enforcement of creditor's rights against Centrum Usług Finansowych Drukarnia following its failure to repurchase the bonds acquired by the client. Marek Król leads the team. In January 2020, the team split from Magnusson - Kancelaria Prawnicza and now operates as Penteris.
SSW Pragmatic Solutions
SSW Pragmatic Solutions' team is led by Wojciech Szczepaniak, who is experienced in advising Polish and foreign investors at all stages of private equity projects. Michał Badowski assisted Aerium Group and Bainbridge Capital with the implementation of a complex restructuring and the subsequent sale of three shopping malls to Newbridge Fund. Paweł Chyb is also recommended.