Linklaters has advised Alliance Automotive Group, a distributor of light and commercial vehicle parts to the independent aftermarket in France, Germany, and the UK, on the acquisition of a 51.3% controlling stake in Groupauto Polska from eight individual shareholders. Porebski i Wspolnicy advised the sellers on the transaction, which remains subject to the approval of the Polish Competition Authority, with completion expected by the end of September 2017.
Clifford Chance Badea has advised New Europe Property Investments on its merger with Rockcastle Global Real Estate Company Limited to create NEPI Rockcastle Plc, which one analyst described as "the biggest investor on the commercial property market in Central and Eastern Europe and one of the ten largest companies of its type in Europe in terms of capitalization."
KKLW has announced that Partners Jacek Kosinski and Michał Kurzynski are members of the Advisory Group to the Polish Ministry of Development and that, on Friday, July 28th, Poland's government accepted the new Public-Private Partnership strategy the Ministry prepared as part of its Strategy for Sustainable Development. According to KKLW, "the new PPP strategy aims to conclude 100 new public-private partnership agreements by 2020."
Wolf Theiss Bucharest and Warsaw, working alongside Radulescu & Musoi, have advised Poland's Credit Value Investments asset management company on its EUR 12 million investment in Impact Developer & Contractor. Impact Developer & Contractor was advised by PeliFilip and Linklaters.
The Buzz in Poland, according to Michal Karwacki, Partner at Squire Patton Boggs, is that while most of the big cap transactions planned for 2017 have already been tasked (with the exception of the potential exit of Warburg Pincus from Inea), the mid-cap transactional market in the country remains highly active. Indeed, says Karwacki, "the mid cap market is quite speedy, and I believe that we will hear about many such transactions just after the summer, with the most interesting targets being in the automotive, logistics, and consumer goods sectors.”
Linklaters has advised Echo Investment SA (acting through its SPV) in connection with the sale of the Sagittarius Business House office building in Wroclaw to Warburg-HIH Invest Real Estate GmbH. Dentons advised the buyers in the transaction, which remains subject to fulfillment of customary conditions precedent and is expected to occur in 2018.
Linklaters has advised Grupa Ozarow on the sale of 99.19% of the shares in its Polish calcium silicate subsidiary, Grupa Silikaty Sp. z o.o., to H+H Polska Sp. z o.o., the Denmark-based subsidiary of H+H International. Wardynski & Partners advised the buyers on the deal, which remains subject to customary approval by the Polish authorities and is expected to occur at the end of 2017.
Dentons advised the offering managers — including Haitong Bank, mBank, Pekao Investment Banking, Wood&Co, Raiffeisen Centrobank, Mercurius, Trigon and Vestor — on the initial public offering and listing on the Warsaw Stock Exchange of Polish debt collection company GetBack S.A. Greeberg Traurig advised Getback S.A. and its only shareholder, DNLD Holdings B.V. (an entity controlled by a consortium of private equity funds led by funds from the Abris Capital Partners Group), on the initial public offering of shares and listing.
Gessel and Wierzbowski Eversheds Sutherland have advised Enterprise Investors on the acquisition by the Polish Enterprise Fund VII and the President of the Management Board of 100% of shares in Janton, Poland’s leading producer of alcoholic beverages based on grape and fruit wines. The sellers were advised by CMS on the deal, which remains conditional on antimonopoly approval. Financial details were not disclosed.
CMS has advised Polish company Tele-Fonika Kable S.A. on its acquisition of JDR Cable Systems (Holdings) Ltd. — a supplier of subsea umbilicals and power cables to the offshore energy industry, headquartered in the UK — from majority owner Vision Capital. Macfarlanes served as legal counsel to the sellers, with Mills & Reeve acting as legal counsel to the JDR management team. JP Morgan and Societe Generale provided financial advice to TFKable, and Simmons & Company International provided financial advice to JDR.
Chajec, Don-Siemion & Zyto has advised a private equity fund managed by Value Quest Sp. z o.o. on its acquisition of 100% shares in TTComm S.A., a prominent provider of satellite services in Central and Eastern Europe, from TTComm International B.V. The sellers were advised by Plopper & Partners, a US law firm.