DLK Legal has advised Polish company England.pl on the acquisition of Gadu-Gadu, a Polish instant messaging platform, from Xevin Consulting Limited.
The subjects of the transaction include the GG messenger, Internet domains, server equipment, and trademarks and logos.
England.pl, a growing FinTech company, was the fourth entity in Poland to get a license as a Payment Institution from the Polish Financial Oversight Commission. The company has offices in Poland and the UK and provides services to over 50,000 registered clients and transfers PLN 400 million a year.
DLK Legal describes Gadu-Gadu as "Poland’s most popular online messenger." The company was launched in 2000. According to DLK Legal, “the investment agreement, signed in March 2018, includes the acquisition of selected assets by England.pl, which enable providing services to the users of the messenger.”
The DLK team was headed by Managing Associate Konrad Stolarski, who was supervised by Partner Zbigniew Dlugosz. The team also included Associate Michal Mostowik and Junior Associate Jan Zabczyk.