Clifford Chance's Warsaw office has advised the IK Investments fund on the preliminary agreement for the sale of the Axtone Group to the ITT Corporation. The value of the transaction was more than EUR 100 million. Willkie Farr & Gallagher LLP in Frankfurt, and Soltysinski Kawecki Szlezak (SK&S) in Warsaw advised ITT on the deal.
Clifford Chance describes the Axtone Group as "a leading supplier of impact energy absorption technology for all types of rail vehicles and springs used in industries other than the railway industry."
The Clifford Chance team worked under the leadership of Partner Agnieszka Janicka and included Counsel Slawomir Czerwinski, Rafal Zakrzewski, Senior Associate Mateusz Stepien, and Associates Antoni Wandzilak, Mateusz Chmura, and Piotr Weclawowicz.
Editor's Note: After this article was published, SK&S informed CEE Legal Matters that its team consisted of Partners Krzysztof Pawlisz and Piotr Andrzejak and lawyers Piotr Andrzejak, Andrzej Motyka, Bartlomiej Bialy, and Agnieszka Skowronek.
