Wolf Theiss has advised the INVL Baltic Sea Growth Fund and Eco Baltia on the financing from mBank for the acquisition of a 70% stake in the Polish PVC window recycler Metal-Plast.
The INVL Baltic Sea Growth Fund is a private equity fund in the Baltics. Its portfolio company Eco Baltia is, according to Wolf Theiss, the largest waste management and recycling group in the Baltics.
According to the firm, the deal involved multi-million term and revolving facilities made available by mBank.
“Metal-Plast represents the eighth portfolio investment of the INVL Baltic Sea Growth Fund. The circular economy remains one of our core investment pillars and we are delighted to again partner with one of the most successful portfolio companies to date in Eco Baltia [...] to further drive Metal-Plast’s exciting growth journey,” INVL Baltic Sea Growth Fund Partner Vytautas Plunksnis commented.
The actual purchase by the INVL Baltic Sea Growth Fund and Eco Baltia of a 70% stake in Metal-Plast was announced a few months earlier (as reported by CEE Legal Matters on September 13, 2023).
The Wolf Theiss team was led by Counsel Adrian Krzyzanowski and included Partner Przemek Kozdoj and Associate Maria Markowska.
Wolf Theiss did not respond to our inquiry on the matter.
Editor's Note: After this article was published, CMS announced it had advised mBank on the loan facility. The firm's team included Partner Kuba Wieczorek, Senior Associate Roksana Pietrzak, and Lawyer Marta Swiderska.