Schoenherr has advised Connectis on the acquisition of SpeedApp. Crido reportedly advised the sellers.
Based in Poland, Connectis is a provider of IT outsourcing services.
SpeedApp is a Poland-based provider of IT outstaffing services.
The Schoenherr team included Partners Katarzyna Solarz-Wlodarska, Szymon Okon, and Katarzyna Szczudlik, Counsel Pawel Kulak, Senior Attorney at Law Pawel Baran, and Associates Kamil Jurzak, Karolina Pikula, and Michal Bering.
Gessel has advised Maabarot Products on the sale of Laboratoria Natury to Farmaceutici Procemsa. Gide Loyrette Nouel advised Farmaceutici Procemsa.
According to Gessel, the deal’s total purchase price exceeded EUR 28 million and included the repayment of financing provided to the target company by Maabarot.
Maabarort Products is an Israeli company owned by Kibbutz Ma’abarot.
Laboratoria Natury specializes in the development and production of dietary supplements, operating under a contract development and manufacturing organization model.
The Gessel team included Managing Partner Marcin Macieszczak, Partners Dominika Ramirez-Wolkiewicz and Adam Kraszewski, Managing Associate Aleksandra Szyszko-Kaminska, Senior Associate Diana Strzalkowska-Grad, and Junior Associate Anna Komorzycka.
The Gide team included Partner Pawel Grzeskowiak, Counsel Wojciech Czyzewski, and Associate Magdalena Zawislak.
White & Case has advised joint bookrunners Citigroup Global Markets Europe, Danske Bank, PKO Bank Polski, Societe Generale, UBS Europe, and UniCredit Bank on PKO Bank Polski’s EUR 750 million 3.375% senior preferred notes issuance due 2028. Allen & Overy Shearman Sterling reportedly advised PKO Bank Polski on the issuance.
According to White & Case, the issuance is under PKO Bank Polski’s EUR 4 billion euro medium-term note program. The notes are listed on the Luxembourg Stock Exchange and will additionally trade on the Warsaw Stock Exchange.
In 2024, White & Case advised PKO Bank Polski on PLN 1.5 billion subordinated capital bonds issuance (as reported by CEE Legal Matters on October 31, 2024), on PKO Bank Hipoteczny’s PLN 500 million issuance of mortgage-covered bonds due October 24, 2028 (as reported by CEE Legal Matters on October 30, 2024), on PKO Bank Polski’s EUR 750 million green notes issuance (as reported by CEE Legal Matters on September 24, 2024), on its PLN 500 million mortgage-covered bonds issuance (as reported by CEE Legal Matters on July 18, 2024), on its PLN 1 billion issuance of mortgage-covered bonds (as reported by CEE Legal Matters on April 5, 2024), on its EUR 500 million notes issuance (as reported by CEE Legal Matters on June 27, 2024), and its earlier EUR 500 million issuance (as reported by CEE Legal Matters on April 10, 2024). The firm also advised PKO Bank Hipoteczny on all three of its 2023 issuances of PLN-denominated covered bonds under its International Covered Bond Program (as previously reported by CEE Legal Matters on November 8, 2023, July 4, 2023, and February 15, 2023).
The White & Case team included Warsaw-based Partner Marcin Studniarek, Local Partner Bartosz Smardzewski, and Associate Michal Truszczynski as well as London-based Partner Stuart Matty and Counsel James Clarke.
Editor’s Note: After this article was published, A&O Shearman confirmed its participation on behalf of PKO Bank Polski. The firm’s team included Partner Arkadiusz Pedzich, Counsel Lukasz Walczyna, and Associate Filip Glowka.
CK Legal Chabasiewicz Kowalska has advised Untitled Kingdom on the sale of its assets to Monterail. Lesniewski, Borkiewicz, Kostka & Partners advised Monterail.
Untitled Kingdom has more than 13 years of experience in the medtech and femtech industries.
Monterail is a software development company. According to CK Legal, as a result of the transaction, Monterail has “gained an extensive portfolio of over 75 healthcare applications.”
The CK Legal team included Founding Partner Agata Kowalska, Managing Partner Magdalena Golonka, Head of IP Ewa Helena Kaminska, and Senior Associates Anna Pandel and Maria Skalska.
The Lesniewski, Borkiewicz, Kostka & Partners team was led by Managing Partner Grzegorz Lesniewski.
Wolf Theiss, working with Arqis, has advised Constellation Capital on its acquisition of Exportverpackung Sehnde Group, including the Polish entity Export Pack Polska.
According to Wolf Theiss, the transaction expands Constellation Capital’s ARCA Group, a wooden packaging and services provider in the DACH region, further into Northern Germany and Poland. Constellation Capital’s ARCA Group plans to develop a network of wooden packaging and packaging service companies throughout Europe. The EVS Group comprises Exportverpackung Sehnde and Export Pack Polska, employing approximately 120 people in Sehnde, Hannover, and Zabrze.
The Wolf Theiss team included Partners Peter Daszkowski, Bartosz Kuras, and Karolina Stawowska, Counsels Agnieszka Nowak-Blaszczak, Adrian Krzyzanowski, and Jakub Pietrasik, Consultant Izabela Wiewiorka, Senior Associate Michal Zajaczkowski, Associates Oliwia Pecht, Kinga Kluszczynska, and Izabela Derylo.
Wolf Theiss did not respond to our inquiry on the matter.
Kondracki Celej, working with Sparring, has advised bValue Fund on a USD 10 million investment in Fudo Security. Pillsbury Winthrop Shaw Pittman reportedly advised Fudo Security.
Fudo Security is a privileged access management solutions company that specializes in helping organizations protect sensitive IT systems.
The Kondracki Celej team included Partner Rafal Celej, Senior Associate Karolina Piotrowska-Andryszczyk, Associate Monika Twerdochlib, and Paralegal Gabriela Lewicka.
SSK&W has advised Xplorer Fund on its exit from Photon Entertainment to Fidiasz ASI.
Xplorer Fund is a BRIdge Alfa fund.
Photon Entertainment operates in the edtech industry. According to SSK&W, the company is the creator and manufacturer of the globally innovative Photon educational robot and an entire ecosystem of educational products, including educational kits, a portal for the teacher community, and an academy with courses.
The SSK&W team included Partner Szymon Syp.
Linklaters has advised Qualitas Energy on its acquisition of a 117-megawatt-peak solar farm portfolio from Ib Vogt in Poland. DLA Piper advised Ib Vogt.
Qualitas Energy is an investment and management platform focused on renewable energy, energy transition, and sustainable infrastructure investment.
Ib Vogt is a renewable energy development platform.
According to Linklaters, “the portfolio consists of two photovoltaic solar farms, both in a ‘ready-to-build’ phase, with construction scheduled to commence in the second and third quarters of 2025. The plants, located in central Poland, are expected to achieve commercial operation by the second half of 2026, generating over 125 gigawatt-hours of clean energy annually. This is sufficient to supply electricity to approximately 65,000 households.”
The Linklaters team included Managing Partner Marcin Schulz, Partner Patryk Figiel, Counsel Jakub Dabrowski, Managing Associate Michal Nocon, Senior Associates Adam Usiadek, Jan Jurga, and Lukasz Czerepak, Associates Aleksandra Kurecka and Dominik Piechowiak, and Junior Associate Maria Majchrzak.
The DLA Piper team included Partner Jacek Gizinski, Counsels Mateusz Koszel and Klaudia Lorent, Senior Associates Maciej Rafalowski and Wojciech Sulimierski, Associates Pawel Szostek, Karol Wasyluk, and Michal Gizewski, and Junior Associates Marcelina Dembinska and Zofia Waszczykowska.
Kondracki Celej, working with SZA Schilling, Zutt, Anschutz, Ingen-Housz, and Sparring Legal, has advised Impact Ventures and Verge HealthTech Fund on participating in the EUR 4.4 million pre-series A round for Prosoma. JSP Skrzypek and Partners, and reportedly Van Campen Liem, advised Prosoma.
The round also saw the participation of Convergence Partners, Smartlink Partners, Simpact Ventures, and a group of existing VCs and private investors.
Prosoma is a digital oncology care startup providing digital therapeutics for cancer patients. According to Kondracki Celej, the funding will allow Prosoma to accelerate its expansion in the DACH region and the US market as well as explore new reimbursement avenues.
The Kondracki Celej team included Partner Rafal Celej, Senior Associate Arkadiusz Klejnowski, and Associate Weronika Dabrowska.
The JSP Skrzypek and Partners team included Managing Partner Maciej Skrzypek, Partner Beata Danel-Skrzypek, Senior Lawyer Karolina Till, and Junior Lawyer Szymon Pawlak.
Greenberg Traurig has advised Cornerstone Investment Management on the redevelopment of the V-Tower in Warsaw, with Atlas Ward as the contractor.
According to Greenberg Traurig, “V-Tower is the iconic office building formerly known as the Warta Tower, which was acquired from Globalworth in 2023. Completion of the refurbishment, which will focus on the implementation of a revamped ESG strategy, is scheduled for 2025.”
The Greenberg Traurig team included Senior Associate Maciej Roman.