Soltysinski Kawecki & Szlezak has assisted Orbico d o.o., with its seat in Croatia, in a transaction involving the acquisition of 100% of the shares in Optimum Distribution CZ&SK s.r.o. from Empik Media & Fashion S.A., as well as 100% of the shares in Optimum Distribution Sp. z o.o. from Mataro Sp. z o.o., a direct subsidiary of Empik Media & Fashion S.A. The value of the transaction is PLN 82 million (approximately EUR 18.5 million).
The companies acquired by Orbico, together with their subsidiaries (including Amersport Group, “Soul”, and Amersport Russia), form the Optimum Group, which operates in the sector of distribution of luxury cosmetics, lifestyle clothes, and shoes in Poland, the Czech Republic, Slovakia, Russia, Ukraine, and Romania.
The scope of SK&S advice included carrying out an audit of the acquired group of companies, negotiating the transaction documentation, and assisting in the signing of the preliminary share sale agreement, which was executed on January 18, 2016.
The SK&S tea was headed by Partner Pawel Moskwa, who was assisted by Senior Associate Leszek Malecki, Associate Agnieszka Skowronek, and Associate Edyta Prociak.
SK&S did not reply to our inquiry about counsel for Empik Media & Fashion.