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CMS Advises B2Holding on Acquisition of ULTIMO from Advent International

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CMS supported B2Holding, a leading European specialty finance business, in its July 1, 2014 acquisition of the entire share capital of ULTIMO, a leading Polish credit management business. The value of the transaction was not disclosed. Closing remains subject to antimonopoly clearance. 

The current shareholders of Untimo are Advent International and Janusz Tchorzewski, ULTIMO’s founder and minority shareholder.  B2Holding is a Norwegian-headquartered company with a strong existing presence in the Nordic and Baltic markets. According to CMS, "ULTIMO will become an integral part of B2Holding’s multi-jurisdictional operations, which range from the Nordic region to CEE. It provides a strong platform from which B2Holding can execute its CEE growth strategy, and a number of follow-on acquisitions are planned in additional new markets. B2Holding will provide ULTIMO with access to substantial capital, industry experience, and strategic partnerships."  

CMS's team was lead by Partner Marek Sawicki, who was supported by Of Counsel Joanna Blaszczyk.

 

 

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