CEE Legal Matters

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  • Schoenherr and Gessel Advise on Acquisition of Medical Mazella

    Schoenherr has advised BPM Capital on providing mezzanine financing for a management buy-in acquisition of Medical Mazella while Gessel advised BNP Paribas Bank Polska on its co-investment in the buyout. Reportedly, Compliance Partners advised co-investor MedPack and Misiewicz, Mosek i Partnerzy advised Medical Mazella.

    Warsaw-headquartered BPM Capital is a provider of mezzanine financing solutions, supporting mid-market companies in their development and acquisition strategies.

    According to Schoenherr, this financing supports Medical Mazella’s expansion in the medical sector, reinforcing its market presence and growth potential.

    The Schoenherr team included Partners Tomasz Kwasniewski and Szymon Okon, Attorney at Law Aleksandra Kulik, and Associate Olga Koncerewicz.

    The Gessel team included Partner Karol Sokol, Senior Associate Damian Bednarczyk, and Junior Associate Zuzanna Sojka.

  • BBH Advises on Acquisition of Four Seasons Hotel in Prague

    BBH has advised PPF Real Estate on a joint venture with Michal Strnad aimed at acquiring the Four Seasons Hotel in Prague.

    The BBH team included Partners Petr Precechtel and Andrea Adamcova.

    BBH did not respond to our inquiry on the matter.

  • A&O Shearman and CMS Advises on Sale of CityFit Fitness Clubs Chain to Medicover

    Allen Overy Shearman Sterling has advised CityFit Group on the sale of CityFit fitness clubs chain to Medicover. CMS advised Medicover.

    According to A&O Shearman, the transaction involved 16 CityFit Group companies operating 26 gyms across Poland.

    Medicover is a multinational hospital chain.

    The A&O Shearman team included Partner Magdalena Nasilowska, Counsel Piotr Szczecinski, Senior Associates Maciej Szykut and Aleksandra Deszynski, and Associates Jakub Zebrowski and Pawel Grzesik.

    The CMS team included Partner Blazej Zagorski, Counsels Grzegorz Paczek and Agnieszka Starzynska, Associate Tomasz Piotrowski, and Lawyer Julia Zybert.

  • NKA Successful for Orlen Unipetrol RPA on RES Contribution Dispute Before the Supreme Court

    Nedelka Kubac Advokati has successfully represented Orlen Unipetrol RPA in cassation proceedings before the Supreme Court against a judgment rendered by the Municipal Court in Prague. 

    According to Nedelka Kubac Advokati, the Municipal Court in Prague had ruled that Orlen Unipetrol RPA was unconditionally obliged to pay contributions for the support of energy from renewable sources to the regional distribution system operator – even with respect to its own electricity consumption. In its judgment, the Supreme Court concluded that the Municipal Court in Prague erred by failing to consider the specific provisions of the distribution agreement. 

    The NKA team included Partner Radovan Kubac and Associate Ondrej Cizek.

  • Wolf Theiss and White & Case Advise on Grenke’s Sale of Factoring Division to Teylor

    Wolf Theiss, working with Hengeler Mueller, has advised Grenke on the sale of its factoring business to Teylor. White & Case advised Teylor.

    The transaction remains contingent on regulatory approvals in Germany.

    Grenke is a financing partner for small and medium-sized enterprises.

    Switzerland-based Teylor is a technology-driven platform for SME financing.

    According to Wolf Theiss, under the first phase of the transaction, Teylor will acquire Grenke’s factoring activities in Germany, the United Kingdom, Ireland, and Poland, with plans to expand further by acquiring operations in Italy and Portugal. 

    The Wolf Theiss team included Partner Maciej Olszewski and Counsel Adrian Krzyzanowski.

    The White & Case team included lawyers in Frankfurt, Hamburg, and Duesseldorf.

  • NNDKP and Legal Ground Advise on MedLife’s Syndicated Loan

    Nestor Nestor Diculescu Kingston Petersen has assisted MedLife on increasing its syndicated loan by EUR 50 million, reaching a total financing amount of EUR 330 million. Legal Ground advised the banking syndicate involved.

    MedLife is a private healthcare network in Romania.

    According to NNDKP, the new funds were secured from a syndicate of banks including Banca Comerciala Romana, Raiffeisen Bank, BRD Groupe Societe Generale, Banca Transilvania, and ING Bank Amsterdam Bucharest Branch. MedLife will deploy the additional capital to complete ongoing projects and bolster its expansion and acquisition strategy both domestically and internationally.

    The NNDKP team included Partner Alina Radu, Senior Associate Alexandru Ciambur, and Associates Diana Vasile, Anda Dragoi, and Bogdan Ciacli.

    The Legal Ground team included Partners Mihai Dudoiu and Sergiu Negreanu and Counsel Sorina Stefoni.

  • Greenberg Traurig and Deloitte Legal Advise on Merity’s Acquisition of Logistics Property Near Warsaw

    Greenberg Traurig has advised Merity on the acquisition of a real estate property located near the S8 motorway, close to Warsaw. Deloitte Legal advised Panattoni on the development side of the deal.

    Merity is a sister company of Trigea Real Estate Fund specializing in development projects.

    According to Greenberg Traurig, the transaction also involved negotiating and signing an agreement with the developer, Panattoni, for the development and management of a proposed multi-phase logistics project.

    The Greenberg Traurig team included Deputy Managing Partner Radomil Charzynski, Senior Associates Filip Widuch and Paulina Walczewska and Associate Maciej Smaczynski.

    The Deloitte Legal team included Partner Marta Bijak-Haiduk and Managing Associate Anna Jablonska.

  • CMS Advises Consortium of Czech Banks on New Club Financing for NET4GAS

    CMS has advised a consortium of Czech banks including Komercni Banka, Ceska Sporitelna, UniCredit Bank Czech Republic and Slovakia, and Vseobecna Uverova Banka on a new term loan facility for NET4GAS. Dentons reportedly advised the borrower.

    According to CMS, the financing, totaling CZK 4 billion (approximately EUR 159 million), will be used to settle certain existing debts and strengthen NET4GAS’s capital structure.

    NET4GAS is the exclusive gas transmission system operator in the Czech Republic, operating over 4,000 kilometers of pipelines, three border transfer stations, five compressor stations, and approximately 100 transfer stations that interface with domestic gas distribution networks. 

    The CMS team included Partner Petra Mysakova and Associates David Bujgl and Matej Eberle.

  • Schoenherr Advises Elixir Group on RSD 4.1 Billion Green Bond Issuance

    Moravcevic Vojnovic and Partners in Cooperation with Schoenherr has advised Elixir Group on its recent green bond issuance totaling RSD 4.1 billion (approximately EUR 35 million). 

    Elixir Group is a chemicals and mineral fertilizers producer. According to Schoenherr, the transaction saw the issuance of 341,700 green bonds, each with a nominal value of RSD 12,000, bearing an annual interest rate of 6% and maturing in five years. The bonds are set to be listed on the Open Market of the Belgrade Stock Exchange. Proceeds from the bond issuance will be used to finance the construction of a new plant in Prahovo, Serbia, for the production of crystalline technical mono ammonium phosphate.

    Additionally, Schoenherr reports that Scope Ratings has assigned a first-time issuer rating of BB/Stable to Elixir Group and a preliminary bond rating of (P) BB+ to the RSD 4.1 billion unsecured bond.

    The Schoenherr team included Partners Luka Lopicic and Igor Zivkovski, Attorneys at Law Milica Zecevic, Marija Grujeska, and Pavle Eric, and Associates Milos Jokic, Isidora Grujicic, and Nadja Gogic.

  • KWKR Advises BidFinance on PLN 7 Million Financing

    KWKR has advised BidFinance, as well as its founders and existing shareholders, on financing amounting to PLN 7 million raised from venture capital funds including 4growth VC, FundingBox Deep Tech Fund, and a group of individual investors. LSW reportedly advised 4growth VC.

    According to KWKR, BidFinance is an innovative fintech company that has revolutionized the Polish debt trading market through the launch of the first platform for online auctions of debt portfolios. This solution enhances transparency and efficiency by enabling sellers – such as banks, lending companies, energy providers, and leasing firms – to obtain the best available market price, while offering buyers – including debt collection companies and funds – equal access to information. The funds raised will enable BidFinance to further develop its platform and expand into foreign markets, with a particular focus on the Nordic countries, and introduce new features and additional auction types.

    The KWKR team included Partner Paulina Opielka, Senior Associate Pawel Machowski, and Junior Associate Sandra Murdzek.