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Norton Rose Fulbright Advises on Sale of Prominent Polish Mobile Messaging Company

Norton Rose Fulbright Advises on Sale of Prominent Polish Mobile Messaging Company

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Norton Rose Fulbright has advised shareholders Grzegorz Lysiuk and Marek Bardzinski of ComVision sp. z o.o. on the sale of their shares in the company to LINK Mobility Group ASA, a European mobile communications provider specialized in mobile messaging services, mobile solutions, and mobile data intelligence. Norway's Aabo-Evensen & Co firm advised the buyers on the transaction, which was completed based on an agreed enterprise value of EUR 16 million (based on an estimated EBITDA for 2017 of 2.66 multiplied by a factor of 6) on a cash-free and debt-free basis.

ComVision provides services under the brand of SMSAPI. According to a LINK press release, SMSAPI "has a strong presence in the Polish market, leading the market for self-service mobile messaging in Poland with a market share of more than 40%."

Norton Rose Fulbright provided advice throughout the transaction, including in drafting and negotiating the transaction agreements. The firm's Warsaw-based team was led by Partner Pawel Bajno, Of Counsel Artur Jonczyk, and Associate Michal Blaszkiewicz.

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