Greenberg Traurig has advised Bogdan and Elzbieta Kaczmarek and the Innova Capital private equity fund on their full acquisition of Pfleiderer Polska and related financing, in a corporate carve-out transaction from the Strategic Value Partners-owned Pfleiderer Group. Rymarz Zdort Maruta and Kirkland & Ellis reportedly advised the seller. Allen & Overy reportedly advised the lenders.
Closing is expected in the first half of 2024.
Pfleiderer Polska is a manufacturer of engineered wood products, laminates, and resins. It has three production facilities: Pfleiderer Grajewo, Pfleiderer MDF Grajewo, and Pfleiderer Wieruszow.
According to Greenberg Traurig, Bogdan and Elzbieta Kaczmarek are private investors and owners of Central European manufacturers of furniture and mattresses with over 5,000 qualified staff, 500,000 square meters of modern machine park and warehouse area, and an annual revenue of over EUR 700 million.
The Greenberg Traurig team was led by Partner Rafal Baranowski and Local Partner Filip Kijowski and included Partner Robert Gago, Local Partners Maciej Pietrzak, Maciej Kacymirow, and Michal Bobrzynski, Counsel Mateusz Koronkiewicz, Senior Associates Tomasz Denko, Filip Drgas, and Anna Celejewska-Rajchert, Associate Mateusz Rogulski, and Junior Associate Artur Hammermeister.
Editor's Note: After this article was published, Rymarz Zdort Maruta confirmed its involvement. The firm's team included Partners Filip Lesniak and Zofia Frydrychowicz, Senior Associates Adrian Wieslaw and Artur Ciechomski, and Associates Piotr Slawek and Tomasz Wieczorek.
Subsequently, Allen & Overy confirmed it had advised BNP Paribas Bank Polska, Bank Pekao, Bank Citi Handlowy, and mBank on financing for the acquisition of Pfleiderer Polska and refinancing of the group’s existing indebtedness. The firm's team included Warsaw-based Partner Tomasz Kawczynski, Consultant Bartosz Jagodzinski, and Associates Olga Mrowiec, Maria Korba, and Maciej Szalak; and Bratislava-based Counsel Attila Csongrady and Senior Associate Peter Redo.