Private equity in Poland

Clifford Chance

The 'broad scope' of the practice at Clifford Chance is appreciated by clients; both in terms of sector expertise, which includes retail, healthcare, infrastructure and financial services; and the depth of legal expertise within the firm, such as competition and capital markets. The group benefits from the firm's strong international network, and is often called on in cross-border investments around the CEE region. Leading the department are managing partner Agnieszka Janicka, alongside Wojciech Polz ('his full understanding of even most complex financial aspects in a PE transaction is outstanding') and Marcin Bartnicki. Counsel Tomasz Derda is increasingly active in relation to private equity transactions and exits.

Practice head(s):

Agnieszka Janicka; Marcin Bartnicki; Wojciech Polz

Other key lawyers:

Tomasz Derda

Testimonials

Experienced partners, commercial approach and focused on problem solving and moving forward.’

Broad scope of legal advice and support in relation to different areas required for PE transactions (real estate, antimonopoly, capital markets etc).’

The team consists of experienced individuals that have huge experience of various M&A transactions. Additionally the vast network of offices provides the support on knowledge sharing and cross border capabilities.’

I had the pleasure to cooperate with Wojciech Polz on several occasions and was impressed with his exceptional engagement during the whole transaction process. He has strong transactional experience coupled with comprehensive legal knowledge. His full understanding of even most the complex financial aspects in a PE transaction is outstanding compared to his peers and definitely valuable in transaction negotiations. Wojciech is engaged throughout the whole process with great attention to details despite his senior position.’

Key clients

Macquarie Infrastructure and Real Assets

United Petfood Producers NV

L’biotica sp. z o.o.

Work highlights

  • Advise Macquarie Infrastructure and Real Assets and three Australian investment funds (Statewide, Motor Trades Association of Australia and Australian Super) on the international sale of DCT Gdańsk to PSA International, the Polish Development Fund and the IFM Global Infrastructure Fund.
  • Advised United Petfood Producers, a portfolio company of Waterland, on the investment in Petfood Jedlińsk, a wet pet food producer
  • Advised Waterland on its exit from L’biotica, a dermocosmetics company located in northern Poland

Greenberg Traurig Grzesiak sp. k.

Greenberg Traurig Grzesiak sp. k.'s group of 'excellent negotiators and top performers' in Warsaw is singled out for exhibiting 'the highest ethical and professional standards'. It is able to advise on the full spectrum of activities by private equity houses, leveraging expertise from other departments, including tax, finance and capital markets. The group is best known for its private equity work in the real estate sector, where it advises on high-profile  portfolio acquisitions. With the presence of Aleksander Janiszewski, venture capital is an important feature of the practice, which includes advising on domestic and cross-border investments, particularly in the technology and new energy sectors. The overall private equity department is jointly led by Lejb Fogelman and Jarosław Grzesiak, both of whom are experienced transactional lawyers. 'Very pragmatic and able to close negotiationsRafał Baranowski is another transactional specialist, with a focus on the oil and gas sector.

Practice head(s):

Lejb Fogelman; Jarosław Grzesiak

Other key lawyers:

Michał Fereniec; Rafał Baranowski; Paweł Piotrowski; Aleksander Janiszewski; Daniel Kaczorowski; Filip Kijowski; Paulina Kimla-Kaczorowska

Testimonials

Extremely good negotiation skills; The highest ethical and professional standards. Always looking for solutions, even trying long shots in order to get to the assumed goal. Every team member is always ready to help, no matter the seniority level.’

Very knowledgeable in their core practice, strong level of all adjacent services (e.g. Banking, Real Estate), strong in proposing efficient solutions to the problems, always deliver high quality documentation.’

Greenberg Traurig has best-of-breed, unique expertise in the area of executive equity/compensation/contracting, which is combined with real life experience and practical, down-to-earth advice. This area is very important for private equity houses and Greenberg Traurig has the market’s most powerful practice.’

They are highly experienced and know the market very well. Excellent negotiators, top performers, very knowledgeable and experienced. Excellent drafting.’

We worked with Aleksander Janiszewski and Paulina Kimla-Kaczorowska. They were an amazing team. By amazing, I mean: outstanding intelligence, running 10 steps ahead in every topic, they saw the consequences of our decisions 10 years ahead. These are the only lawyers in my life about which I can say with certainty that I trust them immensely. It’s hard to compare them to other law firms, because they are playing in a different league

Rafal Baranowski is a pleasure to work with. He’s very pragmatic and able to close negotiations instead of allowing the other party to drag them on forever over tiny theoretical clauses. He works well with the other parties and is client-oriented, not ego-driven.’

Key clients

WING Group

GLP

Madison International Realty

REINO

Heitman

Syntoil

Dirlango

OTB Ventures

Work highlights

  • Advised Madison International Realty on the preliminary agreement regarding the acquisition of a 46.5% stake in European Logistics Investment.
  • Advised the WING Group on the indirect acquisition of Echo Investment.
  • Advised GLP on the Polish aspects of the acquisition of a company owning the Goodman Group’s Central and Eastern Europe logistics real estate portfolio.

Rymarz Zdort

According to one client, Rymarz Zdort's team is 'the strongest on the market' and includes individuals formerly with Weil, Gotshal & Manges. The group is instructed by private equity houses on their transactions in Poland, and on the Polish aspects of cross-border deals. The group is co-led by name partners Pawel Rymarz and Pawel Zdort, both of whom have a strong track-record in handling private equity investments and exits. Filip Uzieblo is another core member of the team with significant experience in private equity and institutional investments.

Practice head(s):

Pawel Rymarz; Pawel Zdort

Other key lawyers:

Filip Uzieblo; Marcin Chylinski; Jakub Zagrajek; Jacek Zawadzki

Testimonials

In my view this is the strongest team on the market, very commercial, understand the businesses that they are advising on and can deliver real value in coming up with creative approach to issues and great negotiating techniques. They are very committed and always available to help out even at very short notice.’

Although operating under a new name, the whole team has worked together for over 20 years and have developed a strong brand as a market leader in private equity legal advisory.

Very pro-active attitude, problem-solvers.’

Paweł Zdort is an exceptional lawyer, he is a managing partner of the firm currently but will still roll up his sleeves and work on transactions and be available for direct contact for his clients. Always reliable, always on point, understands the issues of his clients better than the clients themselves and anticipates scenarios that others don’t think about.

Key clients

Active Ownership Capital S.à.r.l.

Aberdeen Standard Investments

Advent International

Ares Management Corporation

CVC Capital Partners

Griffin Real Estate

Innova Capital

Lone Star Funds

Oaktree Capital Management

Mid Europa Partners

Patron Capital Advisers LLP

PIMCO

Work highlights

  • Advising Lone Star Funds on its indirect sale of 61.49% of the shares in the share capital of Globe Trade Centre S.A. to Optimum Ventures Magantokealap.
  • Advised Ares Management Corporation, which controls an international fund, AEREF V PL Investment, on the acquisition of 98.04% of the shares in Murapol S.A.
  • Advised Innova Capital and OPTeam on the sale of Centrum Rozliczen Elektronicznych Polskie ePlatnosci to Rementi Investments.

Baker McKenzie Krzyżowski i Wspólnicy Sp.k.

Baker & McKenzie Krzyżowski i Wspólnicy Spółka Komandytowa's team advises private equity funds throughout the lifecycle of their investments in Poland and across the CEE region. The group handles leveraged and management buyouts, private equity investments in public equity, public to private deals and secondary buyouts. The transactional practice is augmented by expertise in fund formation, tax and corporate structuring. Tomasz Krzyzowski leads the department, focusing on investments and exits. Magdalena Nasiłowska is another strong transactional lawyer with expertise in corporate governance. Piotr Wysocki is the name to note for tax structuring issues. Head of the life sciences group Paweł Hincz is regularly involved in private equity transactions in the health sector.

Practice head(s):

Tomasz Krzyżowski

Other key lawyers:

Magdalena Nasiłowska; Piotr Wysocki; Paweł Hincz

Key clients

Akomex

PineBridge Investments

Abris Capital Partners

ForeVest Capital Partners

Hunter Douglas

MCI

The Rohatyn Group

Nordic Capital

Apax

Promedica

CS Group

De Heus

Work highlights

  • Advised the founder and minority investors of Akomex, supported by a private equity fund (Accession Mezzanine Capital) from the portfolio of funds managed by Mezzanine Management on the complicated leveraged buy-out transaction from the US private equity evergreen fund Highlander Partners, with a simultaneous debt re-financing.
  • Advising De Heus on its acquisition of Golpasz S.A. from Resource Partners.
  • Advised the Rohatyn Group (TRG), an emerging markets-focused private equity fund, on its investment in Amethyst Radiotherapy, a leading operator of oncology radiotherapy clinics across Europe.

CMS Cameron McKenna Nabarro Olswang Posniak i Bejm sp.k.

Private equity is a core pillar of CMS Cameron McKenna Nabarro Olswang Pośniak i Bejm sp.k.'s practice in Poland. The group advises a host of private equity investors on their activity in Poland and the CEE region. In addition to strong transactional capabilities the group also has the back-up of a solid regulatory practice, enabling it to provide well-rounded advice to sophisticated private equity clients, extending to fund formation. In August 2020, the firm welcomed a team from Clifford Chance, including Sławomir Czerwiński and Mateusz Stępień, bolstering the group's private equity investment offering. The department itself is jointly led by Błażej Zagórski and Polish-, US, and English-qualified Rafał Zwierz. Counsel Olga Czyżycka, who is also known for her acumen in corporate transactions, is also noted.

Practice head(s):

Rafał Zwierz; Błażej Zagórski

Other key lawyers:

Dariusz Greszta; Sławomir Czerwiński; Mateusz Stępień; Olga Czyżycka

Testimonials

A strong team with complementary expertise and good client management.’

Good, pragmatic advice with an eye on the business needs of a client.’

We have worked primarily with Rafal Zwierz and Olga Czyzycka. Both have stepped up every time we have asked them to do so and have done so without surprises in billing.’

Key clients

Advent International

CEE Equity Partners

Abris Capital Partners

Montagu Private Equity

Macquarie’s Green Investment Group

Polish Development Fund S.A. (Polski Fundusz Rozwoju S.A.)

MEAG Munich ERGO Asset Management GmbH

mAccelerator and its portfolio funds

PFR TFI S.A.

Fundusz Ekspansji Zagranicznej FIZ AN

Work highlights

  • Advised Macquarie’s Green Investment Group (GIG) on the acquisition of the entire share capital of a project company holding 48MW onshore wind farm in Zajączkowo, Poland (Zajączkowo Windfarm Sp. z o.o.) from Mitsui Renewable Energy Europe and J-Power Investment Netherlands and on the repayment of existing financing.
  • Advised OASIS, provider of data management services that is active in Ireland, Holland, Belgium, and in the UK, on the acquisition of 100% of shares in Archidoc and in ArchiDoc MED sp. z o.o. from OEX Group.
  • Advised Advent International and its portfolio company Zentiva on the Polish aspects of the acquisition of the CEE business of global generic and over-the-counter (OTC) pharmaceuticals manufacturer, Alvogen.

Dentons

At Dentons, the team advises foreign private equity funds on deals in Poland and across CEE; integrated into the firm's regional office network, it is able to handle the local and English law aspects of a transaction. Areas of sectoral expertise include energy, healthcare and life sciences, financial institutions, media and telecoms. The department is headed by Piotr Dulewicz, who also jointly leads the firm's Europe private equity group and has significant transactional experience. Dulewicz is ably supported by Paweł Grabowski who combines knowledge in private equity and real estate to advise on share and asset acquisitions, as well as management buyouts and corporate restructurings. Managing counsel Michał Wasiak is developing a strong client base of private equity funds and strategic investors involved in Polish deals.

Practice head(s):

Piotr Dulewicz

Other key lawyers:

Paweł Grabowski; Michał Wasiak

Key clients

Syntaxis Capital

Blackstone Group

White Star Capital

Optima Investment

KKR

Work highlights

  • Advised Optima Investment, a Hungarian private equity fund, on the cross-border acquisition from Lone Star Funds of Globe Trade Centre.
  • Advised Blackstone on the Polish and Egyptian aspects of the cross-border acquisition of a controlling stake in Essel Propack.
  • Advised White Star Capital, an early-stage venture capital fund based in Canada, on the acquisition of a minority stake in Packhelp, a Poland-based start-up offering packaging solutions.

DLA Piper

Clients recognise DLA Piper's 'strong and innovative team' which has 'a clear focus on problem solving and getting the transaction done'. The group has an increasingly active private equity transactional practice, advising domestic and foreign funds on their big-ticket transactions in Poland. It is involved in numerous exits, acting on the buy- and sell-side, as well as advisory matters concerning fund formation and structuring, where it benefits from the firm's presence in Luxembourg. Experienced corporate transactional lawyers Marta Frąckowiak and Jakub Marcinkowski are key names. Jakub Domalik-Plakwicz has an impressive track record in advising foreign private equity funds.

Other key lawyers:

Marta Frąckowiak; Jakub Marcinkowski; Jakub Domalik-Plakwicz; Wojciech Kalinowski ; Rafał Kluziak

Testimonials

DLA Piper has a strong and innovative team. Responsive, diversified and highly collaborative. Pleasure to work with.

Clear focus on problem solving and getting the transaction done. We had challenging negotiations including during Covid-19 pandemic and the team still managed to get everything in shape for signing the transaction before summer.

This is a very strong transactional team both in terms of quality of services and depth of bench. The quality and commitment of the team is outstanding. They are definitely becoming one of the leading transactional practices in in the market.

Jakub Domalik-Plakwicz is an extremely proactive and commercial lawyer with very good sense of client’s expectations.’

Key clients

Allegro

FIZAN & PGM Texas

FIZAN & Recat

GS Engineering & Construction Corp.

Resource Partners

Sun Capital Partners

Tar Heel Capital Private Equity

TDJ Group

Vehco

Work highlights

  • Advised Resource Partners on a sale of the majority stake in Golpasz to De Heus, an international animal feed manufacturer.
  • Advised Resource Partners on the acquisition of a majority stake in Maced.
  • Advised Tar Heel Capital Private Equity on the sale of Tomma Diagnostyka Obrazowa, the largest private imaging diagnostics provider in terms of infrastructure in Poland, to PZU Zdrowie.

Linklaters

Linklaters' private equity group draws on the firm's international presence to advise on cross-jurisdictional private equity transactions, in relation to buy-outs, acquisitions, finance issues and exit strategies. The experience of the team extends to advising on joint venture and co-investment agreements between funds operating in Poland. Heading the team is dual-US and Polish qualified Tomasz Zorawski, who also coordinates the firm's practice in the wider CEE region. Marcin Schulz has a specialism in regulatory matters pertaining to funds; while English-qualified Daniel Cousens' practice centres around private equity transactions across Poland, Ukraine and Turkey. Klaudia Królak is fast developing a strong private equity transactional reputation, including in relation to privatisation and in-bound strategic investments in Poland.

Practice head(s):

Tomasz Zorawski

Other key lawyers:

Marcin Schulz; Daniel Cousens; Klaudia Królak

Key clients

Triton Portoflio Company/Glamox

Carlyle Portfolio Company/Logoplaste

Bain Capital Credit

Ares Management

MIROVA

Lux Med/BUPA

Triton Portfolio Company/Dywidag-Systems International

Polski Fundusz Rozwoju S.A.

Mid Europa Partners S.A.

Work highlights

  • Advised Glamox, a Triton portfolio company, on its public tender offer to acquire ES-SYSTEM, a WSE-listed leading Polish provider of lighting solutions.
  • Advised Bain Capital Credit on a joint venture agreement with Corestate, a leading independent investment manager for real estate in Europe.
  • Advised Ares Management on the entry of an Ares fund into a co-investment and shareholders’ agreement with the principals of Griffin Real Estate for the purpose of acquiring 98.04% of the shares of Murapol.

White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.

The team at White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k. leverages the firm's international reach to advise domestic and regional private equity houses. The group is led by executive partner of the Warsaw office Marcin Studniarek, whose expertise in M&A transactions and capital markets gives him an edge throughout the lifecycle of a PE investment. Rafał Kamiński's expertise in corporate governance and equity capital markets is often utilised by the firm's private equity clients. Michał Petz is the name to note for cross-border private equity and venture capital clients.

Practice head(s):

Marcin Studniarek

Other key lawyers:

Rafał Kamiński; Michał Petz; Maciej Zalewski; Aneta Hajska; Marek Sawicki

Key clients

Cashdirector S.A.

Echo Investment S.A.

Globe Trade Center

Mid Europa Partners

Nets Denmark A/S

P4 Sp. z o.o.

Play Communications S.A.

Strategic Value Partners LLC

Vantage Development S.A.

Xenon Partners

Work highlights

  • Advising Nets Denmark A/S and its owner, private equity fund Hellman & Friedman on its acquisition of Poland-based Centrum Rozliczeń Elektronicznych Polskie ePłatności S.A. (PeP) for an enterprise value of €405m; the sellers are Innova Capital, OPTeam and management.
  • Advising Echo Investment on the sale of 100% of the shares in the share capital of Lisala sp. z o.o. (which holds approx. 56% of the shares of Echo Investment) to the Hungarian developer Wing.
  • Advising Kenbourne Invest on the PLN700m sale by Kenbourne Invest II S.à r.l. and Tollerton Investments Limited of shares in Play Communications via an accelerated bookbuilding process.

Deloitte Legal, Ostrowski, Gizicki i Wspólnicy sp.k.

Deloitte Legal, Ostrowski, Gizicki i Wspólnicy sp.k.'s group advises on the buy- and sell-side of private equity deals, working closely with the consultancy side of the firm in relation to tax advisory. The team, which sits in the wider corporate department, is jointly headed by Piotr Siezieniewski and Ryszard Manteuffel.

Practice head(s):

Piotr Siezieniewski; Ryszard Manteuffel

Key clients

MCI Capital S.A.

Penta Investments

Value4Capital

Mezzanine Management

Tar Heel Capital

CIC Corporate Finance

HAG Asset Management

Work highlights

  • Advised Value4Capital on the acquisition of shares in Summa Linguae Technologies S.A., a translation agency as well as a language and technology service provider (Summa).
  • Advised MCI.EuroVentures and the AMC Capital IV fund, whose advisor is Mezzanine Management, on a transaction regarding a sale of shares in Netrisk.hu (the Hungarian online insurance sales leader) to TA Associates, a global investment fund.

GESSEL Attorneys at Law

Private equity and venture capital transactions are central to GESSEL Attorneys at Law's practice. The team handles a variety of acquisitions and exits for major European private equity houses and strategic investors. Co-heading the team are transactional lawyers Marcin Macieszczak and Maciej Kożuchowski, and finance specialist Małgorzata Badowska. Managing associate Michał Bochowicz is developing a solid practice advising private equity and venture capital funds on deals in the IT and internet spaces.

Practice head(s):

Marcin Macieszczak; Maciej Kożuchowski; Małgorzata Badowska

Other key lawyers:

Michał Bochowicz; Karol Sokół

Key clients

Enterprise Investors

AVALLON

Highlander Partners

BNP Paribas Bank Polska S.A.

CVI Dom Maklerski Sp. z o.o.

Sunfish Partners

Inovo Venture Partners

Resource Partners

Black Forest

Work highlights

  • Advised Enterprise Investors on the sale of Danwood, a leading producer of ready-made houses, to GS Engineering & Construction.
  • Advised Enterprise Investors on the sale of 100% of the shares in 3S. a leading telecoms infrastructure operator, to P4, a subsidiary of Play Communications in a €96m transaction.
  • Advised Highlander Partners on the sale of a majority stake in the Akomex Group, a leading producer of cardboard packaging, to the company’s co-founder backed by Mezzanine Management.

Kochanski & Partners

The team at Kochanski & Partners handles private equity transactions for funds and target companies, with demonstrable expertise in the real estate sector. The group is split between the corporate and real estate departments, under the leadership of Rafał Rapala and Paweł Cholewiński. With Olgierd Świerzewski, the team has a specialist in regulator risk and deals in the technology industry.

Practice head(s):

Rafał Rapala; Paweł Cholewiński

Other key lawyers:

Olgierd Świerzewski; Karol Połosak; Paweł Mardas

Key clients

AccorInvest Group

One Peak Partners

State Street Global Advisors

Griffin Real Estate

Oxenwood Real Estate (UK)

Beneteau Group

Inter Cars S.A.

Johnson Matthey PLC

ProService Finteco

Ferro Corporation

iTaxi

Work highlights

  • Advising Accor Invest on the acquisition of Orbis Poland, one of the largest public companies at the Warsaw Stock Exchange, operator of +70 hotels located in Poland and in the CEE Region.
  • Advising One Peak Partners on a significant investment in Doc Planner, an innovative medical services matching company.
  • Advising Beneteau Group, one of the largest global sail and powerboat manufacturers, on the enterprise acquisition of Delphia Yachts.

Norton Rose Fulbright

Norton Rose Fulbright's team advises private equity houses on the life cycle of their investments in Poland, including in relation to buy-outs, restructurings and exits. It also works in tandem with the firm's international office network when local assistance is required. Practice head Piotr Strawa also heads the corporate department. Counsels Artur Jończyk ('a compelling negotiator') and Agnieszka Braciszewska also play an important role on private equity deals.

Practice head(s):

Piotr Strawa

Other key lawyers:

Artur Jończyk; Agnieszka Braciszewska

Testimonials

Very experienced team with an extensive track record in renewable energy and outstanding network in local market.’

The team demonstrated that they were very capable and achieved very satisfying results in a complex and difficult transaction and negotiation process. Both individuals proposed innovative solutions which are market leading.’

Artur Jonczyk is very experienced, very skilled, and a compelling negotiator.’

Key clients

Abris Capital Partners

Allianz Capital Partners

Aquila Capital Management

ACE

Aegon Growth Capital

AIG

Amicus Therapeutics

AXA XL

Bank Gospodarstwa Krajowego S.A.

Bayer

Benefit Systems S.A.

Bioplan Europe

Cathay Pacific Airways Ltd.

Dot2Dot

Domestic & General Group Ltd.

Egis Road Operation S.A.

Energizer

Fortum Holding BV

ICAP Management Services

IMI plc

Industrial Division Społka z o.o.

ING Bank N.V.

KIRCHHOFF Automotive GmbH

Lantmännen ek för

Lear Corporation

Lindorff

MoneyGram

Open Gate Capital

Ortolan Capital

NDI Austostrada sp. z o.o.

Nestle

TAURON Polska Energia S.A.

Toyota Tsusho

TFI Energia S.A.

Velvet CARE Sp. z o.o.

Volvo Trucks

XL Catlin Services SE (now AXA XL)

XL Insurance Company SE

Schoenherr Stangl sp.k.

Schoenherr Stangl sp.k.'s team advises private equity clients on their transactions in Poland and in the region where there are Polish law aspects to the deal. It is able to draw on the expertise of other departments in relation to capital group structures and acquisition finance. The practice group is led from the corporate department by Paweł Halwa, who is instructed on the buy and sell side.

Practice head(s):

Paweł Halwa

Other key lawyers:

Marcin Antczak; Krzysztof Pawlak; Daria Rutecka

Testimonials

The have a dedicated, practical and clever team of lawyers. Their approach is to resolve problems. They understand client’s needs and do their best to respond to them.’

This team is extremely skilled and effective. They understand very well the key items of the deal and help in focusing the efforts to resolve them. Proactive, supportive, problem solvers. The type of legal support you definitely need in an M&A transaction.’

Paweł Halwa is a fantastic lawyer who gets not only law but also financials. He has a very pragmatic approach to problems solving.’

Unique approach to the customer, availability of the staff plus an in depth knowledge of the business by the senior staff.’

The team delivers very good quality for a competitive price, with a practical approach and a drive to close matters. I would instruct them again.’

Key clients

Apax Partners

EQT Partners

KKR & Co. Inc

Morgan Stanley Bank

Deutsche Bank AG, Commerzbank AG, HSBC Bank

Deutsche Private Equity Management III GmbH

Bayerische Landesbank

ABL Technic

Deutsche Beteiligungs AG, Cartonplast Group

Schur Flexibles

Work highlights

  • Advised EQT Partners on the acquisition of the Dellner Couplers Group (including indirect acquisition of a Polish subsidiary), in particular conducting the legal due diligence of the Polish entity and advising on the Polish law matters related to the transaction.
  • Advised KKR on the Polish law aspects of the acquisition of the Exact Group, including the indirect acquisition of its Polish subsidiaries, from funds managed by Apax Partners LLP.
  • Assisted Deutsche Beteiligung with the acquisition of Cartonplast Group by purchasing its holding company CPL Holdings GmbH.

SSW Pragmatic Solutions

Lawyers at SSW Pragmatic Solutions have developed a strong practice advising foreign and domestic private equity houses, venture capital funds and institutional investors on the spectrum of their acquisitions and exits in Poland; focused around the firm's strengths in the financial services, manufacturing and IT sectors. Jointly leading the group are Wojciech Szczepaniak, whose transactional expertise is augmented by experience in fund formation, and Paweł Chyb and Sebastian Ponikowski, both of whom have active transactional practices. Szymon Okoń regularly supports the team on financing issues.

Practice head(s):

Wojciech Szczepaniak; Paweł Chyb; Sebastian Ponikowski

Other key lawyers:

Szymon Okoń; Katarzyna Solarz; Jakub Koziński; Adam Pawlisz

Key clients

City Parking Group S.A.

Credit Value Investments

Unilink SA

Royalton Partners

Dirlango Trading & Investments

Innova Investments LLC

Kom-Eko S.A.

Aerium Group / Bainbridge

Afinum PE

MCI

Masterchem Logoplaste

Aria Fund

Work highlights

  • Advising MCI on a closed-end investment fund related to its investment in Israel-based Gett.
  • Advised Unilink Group (Enterprise Investors portfolio companies) on the acquisition of the Consultia Group.
  • Advised Thimm TOP Group on the acquisition of 100% shares of United Packaging.

Wardynski & Partners

The private equity team at Wardynski & Partners is well placed to assist international law firms on the Polish aspects of their clients' transactions, with notable experience at the due diligence stage. Splitting her time between Warsaw and Poznań, Izabela Zielińska-Barłożek co-chairs the group alongside Warsaw's Paweł CiećwierzAnna Dąbrowska is another experienced corporate transactional practitioner in the team.

Practice head(s):

Izabela Zielińska-Barłożek; Paweł Ciećwierz

Other key lawyers:

Anna Dąbrowska; Krzysztof Libiszewski; Bartosz Kuraś; Katarzyna Wójcik-Bąkowska

Key clients

CIP Capital

Cromwell European REIT Management Pte Ltd

CVC Capital Partners

EQT

HgCapital

Investindustrial

FSN Capital IV

Syndigo LLC

Triton

Vista Equity Partners

Hexagon

Patron Capital Advisers

CRCC International Investment Group Limited (CRCCII)

IK VII Fund / IK Investment Partners

Work highlights

  • Advised Hexagon’s Leica Geosystems on its acquisition of the aerial mapping business of Cowi.
  • Advised Morenot (an FSN Capital portfolio company) on the acquisition of an aquaculture equipment provider, Hvalpsund Net.
  • Advised FSN Capital IV on the sale of its fitness business (Fitness World) to PureGym.

WKB Wiercinski, Kwiecinski, Baehr

WKB Wiercinski, Kwiecinski, Baehr advises a mixture of private equity houses, institutional investors, alternative asset funds and target companies on their transactional activity in Poland. Core sectors for the group include the food and industrial sectors, as well as the distressed asset market. The private equity group is part of the firm's wider corporate and M&A department, which is jointly led by Jakub Jedrzejak, who has a niche in distressed M&A, and Ben Davey, who has strong connections with Australian investors.

Practice head(s):

Jakub Jędrzejak; Ben Davey

Other key lawyers:

Andrzej Wierciński; Klaudia Frątczak-Kospin

Key clients

Infradata

Avallon

Centrum Rozliczeń ElektronicznychPolskie ePłatności S.A.

Minority shareholders and Management Board of Centrum Rozliczeń ElektronicznychPolskie ePłatności S.A.

Accolade

CVI

Innova Capital

Euro Choice IV

Work highlights

  • Advised Infradata Polska (controlled by IK Investment Partners) on the acquisition of 100% of shares in DIM System and Tukan.
  • Advised the Avallon and Euro Choice IV funds on their sale of a majority stake in Meyra Group to the H.I.G. Europe fund.
  • Advised Polskie ePłatności on a corporate restructuring comprising a merger of that company with PayUp Polska with Polskie ePłatności as the surviving company.