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Gessel Advises Raya Corporation on Acquisition of Stock in Makarony Polskie

Gessel Advises Raya Corporation on Acquisition of Stock in Makarony Polskie

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Gessel has advised the Raya Corporation during its indirect acquisition of stock in Makarony Polskie S.A. via an acquisition of Madova Sp. z o.o. from Bewa Sp. z o.o. The Lempicka Mincewicz Scibor Gorska law firm advised Bewa on the deal.

According to Gessel, "as a result of this transaction Raya Corporation extended its commitment to the Polish market beyond the activities of a contact center."

Gessel describes the Raya Corporation as "one of the largest corporations in Egypt, listed on the Egyptian Exchange (EGX)." According to the firm, Raya operates in the IT, data centre, centre outsourcing, contact centre, social media, market, food, and transport sectors. Raya Corporation is also present in Saudi Arabia, Qatar, the United Arab Emirates, Nigeria, and Poland.

In this instance, Gessel reports that it "collaborated with the investment advisor of the company H88 S.A. – PWC M&A Advisory."

The Gessel team was led by Partner Marcin Macieszczak, working with advocate Karol Sokol and trainee Bartlomiej Wozniak. Due diligence of Makarony Polskie S.A. was led by Gessel Managing Associate Michal Boryczka.

Lempicka Mincewicz Scibor Gorska did not reply to our inquiries on the matter.

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