Gessel has advised furniture and decorations online store Selsey on its PLN 33 million sale of a 44,5% stake in the company to Wirtualna Polska Media. Moskwa Jarmul Haladyj advised the Wirtualna Polska Holding member company.
Founded in 2013 in Wroclaw, Selsey offers over 20,000 different products in its online store and runs two stationary stores in Warsaw and Wroclaw.
Wirtualna Polska is a technology holding company that conducts media, advertising, and e-commerce activities.
"Grupa Wirtualna Polska becomes a minority shareholder of Selsey – one of the largest online sellers of furniture and decorations in Poland with a strong position in Western Europe," Wirtualna Polska Holding Investment Manager Jakub Moczulski commented. "The transaction valued at PLN 33 million grants Wirtualna Polska 44,5% of Selsey’s shares. As part of the transaction, Wirtualna Polska will acquire shares in Selsey, inject capital into the company, and contribute 100% of Homebook's shares in kind."
The Gessel team was led by Partner Michal Bochowicz and Senior Associate Edyta Podgorska and included Partner Dominika Ramirez-Wolkiewicz, Managing Associate Michal Osowski, Senior Associates Barbara Zalecka and Michal Bragiel, and Lawyer Maria Kozlowska.
The MJH team included Partner Karol Kicun and Lawyer Wojciech Grabowski.
