14
Fri, May
89 New Articles

Norton Rose Fulbright, Asters, and Clifford Chance Advise on Cersanit Financing

Norton Rose Fulbright, Asters, and Clifford Chance Advise on Cersanit Financing

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Norton Rose Fulbright and Asters have advised a syndicate of banks on its provision of a PLN 1.5 billon loan to Polish, Russian, Romanian, Ukrainian, and German members of the Cersanit Group. Romania's Ionescu si Sava reportedly also advised the syndicate. Clifford Chance advised Cersanit on the deal.

The banking syndicate consisted of Bank Polska Kasa Opieki S.A. as the agent, the security agent, and original lender, as well as mBank S.A., ING Bank Slaski S.A., Santander Bank Polska S.A., BNP Paribas Bank Polska S.A., and Powszechna Kasa Oszczednosci Bank Polski S.A. as original lenders.

Cersanit is a producer and distributor of goods used in finishing and fitting out bathrooms, such as ceramic tiles, sanitary ceramics, bathroom furniture, bathtubs, wall-mounting fixing frames, and fittings. The company operates in Poland and across Europe, the Middle East, Central Asia, and North Africa.

Norton Rose Fulbright’s team consisted of Warsaw-based Partner Grzegorz Dyczkowski, Counsel Jacek Smardzewski, Associate Karolina Majcher, and Paralegal Michal Rutkowski, as well as Frankfurt-based Partner Bernhard Fiedler and Associate Julia Tschickardt. 

Asters' team included Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associates Inna Bondarenko and Viktoria Zagreba.

Clifford Chance’s team consisted of Warsaw-based Partner Andrzej Stosio, Senior Associate Kacper Bardan, and Associate Artur Gladysz, as well as Moscow-based Managing Partner Victoria Bortkevicha and Associate Veronika Orlova.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue