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Norton Rose Fulbright, Asters, and Clifford Chance Advise on Cersanit Financing

Norton Rose Fulbright, Asters, and Clifford Chance Advise on Cersanit Financing

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Norton Rose Fulbright and Asters have advised a syndicate of banks on its provision of a PLN 1.5 billon loan to Polish, Russian, Romanian, Ukrainian, and German members of the Cersanit Group. Romania's Ionescu si Sava reportedly also advised the syndicate. Clifford Chance advised Cersanit on the deal.

The banking syndicate consisted of Bank Polska Kasa Opieki S.A. as the agent, the security agent, and original lender, as well as mBank S.A., ING Bank Slaski S.A., Santander Bank Polska S.A., BNP Paribas Bank Polska S.A., and Powszechna Kasa Oszczednosci Bank Polski S.A. as original lenders.

Cersanit is a producer and distributor of goods used in finishing and fitting out bathrooms, such as ceramic tiles, sanitary ceramics, bathroom furniture, bathtubs, wall-mounting fixing frames, and fittings. The company operates in Poland and across Europe, the Middle East, Central Asia, and North Africa.

Norton Rose Fulbright’s team consisted of Warsaw-based Partner Grzegorz Dyczkowski, Counsel Jacek Smardzewski, Associate Karolina Majcher, and Paralegal Michal Rutkowski, as well as Frankfurt-based Partner Bernhard Fiedler and Associate Julia Tschickardt. 

Asters' team included Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associates Inna Bondarenko and Viktoria Zagreba.

Clifford Chance’s team consisted of Warsaw-based Partner Andrzej Stosio, Senior Associate Kacper Bardan, and Associate Artur Gladysz, as well as Moscow-based Managing Partner Victoria Bortkevicha and Associate Veronika Orlova.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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