Gessel has advised Polish Enterprise Fund VII, a private equity fund managed by Enterprise Investors, on the EUR 140 million sale of Danwood Holding to GS Engineering & Construction.
Danwood S.A. is a manufacturer of finished houses in Germany and Poland which employs over 2,000 people. In December 2013, Enterprise Investors acquired the company in a carve-out transaction from Budimex.
Enterprise Investors is a private equity company in Central and Eastern Europe that has created nine funds with a total capital of more than EUR 2.5 billion. These funds have invested almost EUR 2 billion in 143 companies from various sectors.
GS Engineering & Construction is a construction company based in South Korea that is listed on the Korean Stock Exchange. The company specializes in construction and architecture, power plants, energy, and infrastructure. It has 24 foreign branches.
The Gessel team included Partner Marcin Macieszczak and Senior Associates Bartlomiej Wozniak, Karolina Krzal-Kwiatkowska, and Krzysztof Jasinski.
DLA Piper's team in Warsaw included Partner Jakub Domalik-Plakwicz, Counsels Michal Orzechowski and Wojcieh Kalinowski, Associates Anna Chrabota-Bajson, Adam Marszalek, Paulina Ciupa, and Agnieszka Staszek, and Junior Associates Michal Kuratowski, Bartosz Kuziola, and Mateusz Gajda. Its team also included Frankfurt-based Partner Carlos Robles y Zepf, Counsel Thilo Streit, Senior Associate Niklas Mangels, Kristin Vogt-Schories, Phillip Moser, Thomas Olbrich, and Miray Kavruk, and Associate Phillip Meyer.