Rymarz Zdort has advised the Maspex Group on its acquisition of CEDC International from the Roust Corporation. Skadden, Arps, Slate, Meagher & Flom advised Roust on the deal.
The transaction remains contingent on regulatory approval from the Office of Competition and Consumer Protection in Poland.
According to Rymarz Zdort, "Maspex is the largest private Polish company in the food industry and one of the largest in Central and Eastern Europe. ... CEDC is a leader on the vodka market, with a share of over 47% (by volume), and the largest importer of foreign alcoholic beverages in Poland."
Rymarz Zdort further announced that, "upon the completion of the transaction, Maspex will become the largest Polish food group with a turnover exceeding PLN 11 billion and the leader on the vodka market in Poland, expanding its portfolio with the following brands: Zubrowka, Soplica, Absolwent, and Bols."
Skadden's team included London-based Partner Jim McDonald and Associates Jason Hewitt and Kathryn Gamble.
Rymarz Zdort’s team included Managing Partner Pawel Rymarz, Partners Monika Kierepa, Zofia Frydrychowicz, and Iwona Her, and Senior Associate Aleksandra Kabac.
Editor's Note: After this article was published, White & Case announced that it had advised a consortium of banks, including BNP Paribas Bank Polska, PKO Bank Polski, and ING Bank Slaski, on PLN 2.8 billion financing of Maspex Group’s acquisition of CEDC. The firm's team included Partner Grzegorz Abram and Associates Joanna Misztal-Dzitko and Klaudia Ochenkowska.