Clifford Chance has advised Coca-Cola HBC Poland & Baltics on the acquisition of Costa Express in Poland from Costa Coffee. Eversheds Sutherland has reportedly advised the seller.
Paksoy, working with Paul, Weiss, Rifkind, Wharton & Garrison, has advised KPS Capital Partners on the acquisition of 80% of Crown Holdings’ EMEA food, aerosol, and promotional packaging business for EUR 2.5 billion. Also advising KPS Capital were Stibbe in the Netherlands, Gide Loyrette Nouel in Morroco, Cautrecasas in Spain and Portugal, Gleiss Lutz in Germany, Chiomenti in Italy, and Zepos & Yannopoulos in Greece. Dechert has advised Crown Holdings, with Bernitsas Law in Greece, Bennani & Associes in Morroco, De Brauw Blackstone Westbroek in the Netherlands, ENSafrica in Ghana, Garrigues in Spain and Portugal, Homburger in Switzerland, Lexel Juridique & Fiscal in Madagascar, Cellere Gangemi in Italy, Soltysinski, Kawecki & Szlezak in Poland, Kinstellar in Hungary, and Herguner Bilgen Ozeke in Turkey.
CMS has advised a consortium of Polish and foreign institutions, which included facility agent and security agent Bank Pekao and mandated lead arrangers, sole bookrunners, and underwriters European Investment Bank, mBank, Bank Ochrony Srodowiska, Erste Group Bank AG, Standard Chartered Bank, and Kommunalkredit Austria, on a waste-to-energy PPP project in Olsztyn, Poland.
Baker McKenzie has advised the banks on financing for Dec Group's acquisition of the Extract Technology business from Wabash National. Gessel, working with lead counsel BMH Brautigam, advised the Dec Group on Polish law. Meyerlustenberger Lachenal, Shoosmiths, and the Shelowitz Law Group also advised the borrower on Swiss, English, and US law issues, respectively.
Regional periodical league tables ranking M&A activity through the lens of the law firms advising on the deals are often dominated by Baltic law firms, with the CEELM Index special issue of the CEE Legal Matters magazine reflecting the same trend. To better understand why that is so, we spoke with several Partners – from both Baltic firms and other CEE jurisdictions.
Over the years, all countries in the CEE region have drawn best-practice models from the West, particularly in legal, economic, and business terms. In a number of CEE countries, offices of international law firms opened in response to the needs of their global clients and market opportunities. These firms played a significant role and introduced their know-how to the legal market. Parallel to this, strong local players emerged in each of these countries, changing the competitive environment and challenging the international ones. Over the last few years, you can see a revision of the need to maintain a presence in the region by some international law firms, most notably Magic Circle and White Shoe firms.