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Noerr and Gessel Advise on Management Buy-Out of Exact System

Noerr and Gessel Advise on Management Buy-Out of Exact System

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Noerr has advised Work Service S.A. on the PLN 155.3 million sale of all its shares in Exact Systems’ companies in a management buy-out by Pawel Gos and Leslaw Walaszczyk, founders and managers of Exact Systems, supported by funds managed by CVI Dom Maklerski through Remango Investments. Crido Legal advised the managers and Gessel law advised CVI Dom Maklerski.

As a result of the buy-back transaction from the current majority shareholder of Work Service SA, Remango Investments became a 100% shareholder of Exact Systems SA, in addition Exact Systems SA purchased from Work Service SA the company Exact Systems GmbH.

CVI Dom Maklerski (CVI) is an independent investment company working in in Poland and CEE.

Exact Systems is a supplier of quality control solutions that provides services for companies from various sectors of economy, in particular in the automotive industry.

The Noerr team was led by Warsaw based Associated Partner Jakub Lerner and included Associated Partner Ludomir Biedecki and Associate Wojciech Nowosad. The team also involved Brussels’ Partner Alexander Israel and Senior Associate Jan Moritz Lang and Associated Partners Maurice Seche and Ulrike Sommer and Associate Jana Baumann from Dusseldorf office.  

The Crido Legal team was led by Mateusz Rogozinski.

The Gessel law office was led by Managing Associate Karol Sokol, with Managing Partner Marcin Macieszczak supervising the transaction. The team also included Partners Malgorzata Badowska, Bernadeta Kasztelan-Swietlik, and Christian Shmidt, Legal Consultant Iwona Gielo-Benza, Attorney at Law Krzysztof Jasinski, Advocate Karolina Krzal, Managing Associate Michal Boryczka, Trainee Attorneys Michal Osowski, Marcin Maciejak, Klaudia Krawiec-Guz, Piotr Tracz, and Mateusz Bak, and Trainee Advocate Weronika Zdeb and Mykola Zembry.

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