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Closing: InfraVia’s Acquisition of 50% Stake in Play Group's FiberForce Now Closed

Closing: InfraVia’s Acquisition of 50% Stake in Play Group's FiberForce Now Closed

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On April 7, 2023, White & Case announced that InfraVia’s acquisition of a 50% stake in Play Group subsidiary FiberForce (reported by CEE Legal Matters on July 8, 2022) had closed.

InfraVia Capital Partners is a private equity firm specializing in the infrastructure and technology sector.

The Play Group, operating the Play and UPC brands, is a Polish fixed, digital TV, and mobile services convergent provider.

As previously reported, Linklaters had advised InfraVia Capital Partners on the PLN 1.775 billion acquisition of a 50% stake in FiberForce, while White & Case had advised the Play Group on the sale.

Together, the two companies will "pave the way for providing access to high-speed connectivity to six million homes in Poland, using existing infrastructure and through further significant investments," Linklaters announced. 

According to White & Case, “as part of the agreement, the Play Group transferred the assets of UPC Poland’s HFC network covering 3.7 million households to the subsidiary, and as part of the cooperation Polski Swiatlowod Otwarty [formerly FiberForce] plans to expand its broadband coverage in the medium term to more than six million households.”

White & Case’s team included Partner Rafal Kaminski, Counsels Malgorzata Pasnik and Grzegorz Jukiel, and Associate Radomir Szewczuk.

Linklaters' team included Warsaw-based Of Counsel Mikolaj Bieniasz, Counsel Klaudia Krolak, Managing Associates Magdalena Szewczyk, Szymon Renkiewicz, Szymon Sieniewicz, Anna Laszczyk, and Lukasz Burakowski, Senior Associates Jan Jurga, Michal Nocon, Natalia Burchardt-Mroczkowska, and Ewa Sinkiewicz, Associates Lukasz Czerepak and Adam Usiadek, and Junior Associates Jakub Gerula, Jan Kwiecien, Adrianna Soltysiak, Sandra Slowik, and Jakub Korobczuk, alongside additional team members in Paris.

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