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SK&S Advises Orbico on Acquisition of Optimum Distribution CZ & SK

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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.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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