Clifford Chance has advised Mid Europa Partners and its recently acquired portfolio company Hortex on the conditional agreement to purchase Jurajska from Bewa. Weil Gotshal & Manges advised Bewa on the transaction, which remains contingent on the consent of the Office of Competition and Consumer Protection, expected to come in the first quarter of this year.
Both Clifford Chance and Weil advised on Mid Europa Partners' acquisition of the Hortex Group back in 2017 as reported by CEE Legal Matters on November 6, 2017.
According to Clifford Chance, "Jurajska is the dynamically developing producer and distributor of mineral water drawn from the Triassic level of Jura Krakowsko-Czestochowska area (the Krakow-Czestochowa Upland, also known as the Polish Jurassic Highland) and was set up more than 60 years ago. Jurajska sp. z o.o. will continue to operate as a separate company and will be the Hortex Group's third segment of business, after juices and frozen foods (the companies Hortex and Polski Ogrod, respectively). The transaction is a strategic move for the Hortex Group because it is now entering a market which is new to it, the mineral water market – currently estimated to be worth more than PLN 4 billion in Poland and exhibiting a growth trend."
Clifford Chance's team was led by Warsaw Managing Partner Agnieszka Janicka. The transactional team was led by Counsel Slawomir Czerwinski and Senior Associate Jaroslaw Gajda and included Konrad Rominkiewicz, Dominika Pietkun, Joanna Kaminska, Zuzanna Potoczna, Aleksandra Właszczuk, Aleksandra Ulatowska, Weronika Miszewska, Katarzyna Perkowska, Mateusz Chmura, and Marta Matynia.
The Weil team consisted of Partners Lukasz Gasinski, Robert Krasnodebski, and Marcin Iwaniszyn, Counsel Monika Kierepa, Senior Associate Marek Kanczew, and Associate Anna Aranowska.