SSW Pragmatic Solutions has advised the Avallon MBO PE Fund on the full disposal of its stake in Novo Tech to Isosport Verbundbauteile Gesellschaft of the Constantia Industries group. Masiota advised the buyers. Filip & Company and MVVP reportedly also advised Avallon. SRG Stock Rafaseder Gruszkiewicz and Maruta Wachta reportedly also advised the buyers.
Avallon is a management buyout company in Poland. Since its inception, it has participated in over 100 such transactions.
Novo Tech operates in the manufacturing of polyethylene products, including splash guards and windshield wipers, as well as household doormats.
According to SSW, “this transaction will strengthen the Avallon MBO market position and product portfolio and will result in the integration of 145 employees in three locations into the Isosport Group.”
SSW’s team included Partners Pawel Chyb, Renata Patoka, Lukasz Karpiesiuk, Anita Palukiewicz, Katarzyna Szczudlik, and Andrzej Wloch, Counsels Anna Sekowska and Robert Wodzynski, Senior Associate Leszek Cyganiewicz, and Associates Wojciech Szaruch, Bartosz Kuziola, Cezary Gizinski, Joanna Berzynska-Garal, Tomasz Pietrzyk, and Aleksandra Czubek.
Masiota's team included Managing Partner Hubert Masiota, Senior Associate Marcin Dybowski, and Lawyer Daniel Jastrun.
Editor's Note: After this article was published, Nestor Nestor Diculescu Kingston Petersen announced that it had advised Isosport on the acquisition. "The transaction involved two production sites located in Poland and Romania (Oradea) which the Novo Tech Group operates, with an additional sales location in Belgium," the firm informed. The NNDKP team included Partner Corina Dumitru and Senior Associate Claudia Lazar.