Gessel has advised the Avallon Fund on the sale of its majority stake in EBS to the Sevenways Group holding. Legal Kraft and Motieka & Audzevicius advised the buyer in Poland and Lithuania, respectively.
Financial details of the transaction were not disclosed.
EBS is a developer of security systems, particularly in the field of GSM / GPRS and RFID technology.
According to Gessel, the Sevenways Group is a Lithuanian investment company focused on real estate and the energy industry, among other sectors, while Avallon is a Polish private equity fund manager.
Gessel previously advised the Avallon Fund on its acquisition of a majority stake in Clovin in 2020 (as reported by CEE Legal Matters on January 24, 2020).
Gessel’s team consisted of Partner Maciej Kozuchowski, Managing Associate Bartlomiej Wozniak, and Attorney-at-Law Diana Strzalkowska.
Motieka & Audzevicius’ team was led by Associate Aivaras Grigas.
Legal Kraft’s team included Partner Tomasz Rysiak and Junior Associate Marta Tomczak.