29
Fri, Mar
51 New Articles

WKB and Greenberg Traurig Advise on Sale of Majority Stake in Organic Farma Zdrowia to EcorNaturaSi

Poland
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

WKB has advised the holders of the majority of shares in Organic Farma Zdrowia S.A. — including the private equity fund Avallon — on the sale of 63.42% of the share capital (representing approximately 55.65% of the total voting rights in the company) to the Italian company EcorNaturaSi. Greenberg Traurig advised EcorNaturaSi on the deal, which was finalized on July 6, 2016.  

WKB describes Organic Farma Zdrowia, which is listed on New Connect (an alternative stock exchange run by the Warsaw Stock Exchange), as "the first and largest network of self-service stores selling organic food and beverages in Poland (the chain encompasses 37 stores and an on-line shop, selling products to over 1 million customers a year). The company owns shares in Green Way S.A. [and] Bio Planet and is the owner of Eko-Wital.”   

The buyer, EcorNaturaSi, is one of the largest European distributors of organic, biodynamic, and natural products. It was established in 2009 through a merger of Ecor and NaturaSi — the first wholesale distributor of organic products in Italy and a leading Italian chain of supermarkets specializing in the retail distribution of organic products, respectively.   

WKB assisted Avallon and the remaining sellers with "full legal coverage in all stages of the transaction,” and advised the managers and shareholders remaining with the company with regard to negotiating the shareholders’ agreement with EcorNaturaSi.  The firm's team included Partners Jakub Kedrzejak and Pawel Hincz, Senior Associate Tomasz Kozak, and Associate Katarzyna Kozak.  

The Greenberg Traurig team was led by Local Partner Daniel Kaczorowski, supported by Senior Associate Karolina Kubik and Associates Anna Chrabota and Tomasz Denko.