14
Mon, Jul
42 New Articles

MJH and Wardynski Advise on GI Group's Sale of Quota in ProHuman

MJH and Wardynski Advise on GI Group's Sale of Quota in ProHuman

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Moskwa Jarmul Haladyj has advised the GI Group on the sale of its quota in Hungarian subsidiary ProHuman, the repayment of the banking consortium – BNP Paribas, PKO BP, Millennium, and Santander – and the completion of the court restructuring arrangement. Wardynski advised the banks on the deal.

According to MJH, “the purchase price for the ProHuman quota amounts to PLN 147.5 million. Additionally, the purchaser, Sun Group, is obliged to take over all GI Group Poland’s liabilities towards ProHuman. The transaction is expected to be closed by April 30, 2022. However, the GI Poland Group’s court restructuring arrangement has already been settled. Thus, the formal financial restructuring of GI Group Poland (former Work Service) has come to an end.”

MJH’s team included Partner Krzysztof Haladyj, Senior Counsels Pawel Cyganik and Iwo Klijewicz, Senior Associate Justyna Wigier, Associate Monika Knothe, and Junior Associate Jan Ambrozy.

Wardynski's team included Partner Lukasz Szegda, Senior Associates Mateusz Tusznio and Jakub Kokowski, and Junior Associate Filip Kurys.

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

Firm's website.

Our Latest Issue