“The legal market in Poland is a bit challenging right now,” says Linklaters Partner Janusz Dzianachowski. “It's growing very fast and is quite dynamic. We see loads of new clients, which means new work – but also more competition.” According to Dzianachowski, more and more law firms are branding themselves “experts” in the field, but this does not “affect long-present, established firms.”
RKKW has advised Fitness Place, a subsidiary of Benefit Systems, on its acquisition of twelve fitness clubs in Poland operating under the Platinum Fitness brand. The total value of the transaction was about EUR 12.7 Million. Gorazda, Swistun, Watroba & Partners reportedly advised Platinum Fitness on the deal.
SPCG Studnicki, Pleszka, Cwiakalski, Gorski has successfully represented Amon sp. z o.o., a subsidiary of Polenergia S.A., in proceedings involving a potentially ineffective termination of a contract by Polska Energia – Pierwsza Kompania Handlowa sp. z o.o., a subsidiary of Tauron Polska Energia S.A., in the District Court in Gdansk, Poland.
Gessel has advised a private equity fund managed by Enterprise Investors and the three founders of 3S on the sale of 100% shares in 3S to Play Communications subsidiary P4. The transaction value of 3S and its subsidiaries was set at EUR 96 million while the value of their equity was set at EUR 78 million. White & Case advised P4 on the matter.
DLA Piper has advised First Data Corporation on the indirect acquisition of First Data Polska's shares by Fiserv, Inc. WKB, working alongside global counsel Sullivan & Cromwell, advised Fiserv on the deal, which was part of a global merger of First Data with subsidiary Fiserv that was valued at USD 22 billion.