Category: Poland

SKJB Szybkowski Kuzma Jelen Brzoza-Ostrowska has advised Panattoni on the sale of the Kajima Poland logistics park in western Poland to Arete Investment Group. Dentons advised Arete on the deal.

Panattoni is an industrial real estate developer.

As reported by CEE Real Estate Matters on October 3, 2024, the Class A logistics facility is located in the Polish city of Zgorzelec and offers a total leasable area of approximately 65,000 square meters. According to Arete, “the city of Zgorzelec offers numerous advantages for logistics and industrial operations. Its strategic cross-border location provides seamless access to both the German and Polish markets, with excellent connections to major highways, including the A4, which is part of the European Transport Corridor III. This ensures efficient transport to major cities like Dresden, Berlin, and Wroclaw. The region also offers access to a skilled workforce from both Poland and Germany and serves as an industrial hub focused on manufacturing, retail, and services.”

Earlier in 2014, SKJB advised Panattoni on the sale of the Panattoni Park Poznan XI (as reported by CEE Legal Matters on May 21, 2024).

The SKJB team included Partner Anna Brzoza-Ostrowska, Counsel Izabela Seroka, and Associates Natalia Stys and Katarzyna Boryn.

The Dentons team included Partner Piotr Szafarz, Senior Associate Joanna Poplawska, and Associate Agnieszka Jaworska-Rej.

DLA Piper has advised Azelis on the acquisition of Hortimex.

The transaction remains contingent on regulatory approval.

Azelis is an innovation service provider in specialty chemicals and the food ingredients industry.

Hortimex is a distributor of food ingredients with a focus on non-meat applications.

According to DLA Piper, “the transaction expands Azelis’ footprint in Poland, complementing its lateral value chain in the food and nutrition segment.”

The DLA Piper team included Partner Jakub Domalik-Plakwicz, Counsel Anna Chrabota-Bajson, Senior Associate Kamila Mozdzen, and Junior Associates Natalia Potrubacz and Michal Bandurski.

DLA Piper did not respond to our inquiry on the matter.

DZP has advised Renta Group on its acquisition of Caro Design. Ciolek Law Firm reportedly advised Caro Design.

Renta Group is a construction equipment rental chain.

Caro Design is a Polish company that rents out construction containers and modular buildings. It provides services involving the rental of modules for social and office, residential, sanitary, construction, and storage purposes throughout Poland and in Central and Eastern European countries.

The DZP team included Partners Jaroslaw Przybylski and Piotr Andrzejczak and Associates Zuzanna Popielarz and Aleksandra Stelmach-Ruta.

Gide has advised Roldrob on its acquisition of the Konspol Holding factory in Nowy Sacz, Poland, from Cargill.

Roldrob is part of Drosed Group which is itself controlled by France-based LDC Groupe – the largest poultry produced in Europe.

Cargill is an American agri-food company. According to Gide, “the acquisition aligns with LDC’s strategy of international expansion and marks an important step in the company’s entrance into the ready meals market.”

In 2023, Gide advised on LDC Groupe’s acquisition of Indykpol (as reported by CEE Legal Matters on November 15, 2023).

The Gide team included Warsaw-based Partner Pawel Grzeskowiak, Counsel Wojciech Czyzewski, Associates Magdalena Zawislak, Dominik Figura, and Szymon Chwalinski.

CK Legal Chabasiewicz Kowalska has advised Proteine Resources on a PLN 6 million funding round with the participation of venture capital funds SMOK Ventures and Bitspiration Booster. Snazyk Moradka reportedly advised SMOK Ventures.

Proteine Resources specializes in sustainable insect farming and processing within a decentralized system. The company produces insect-based protein, which is used in animal feed and pet food. According to CK Legal, “Proteine Resources provides ready-made, autonomous, and fully scalable solutions for insect farming. The company plans to expand dynamically using a franchise model. The funds raised will facilitate the popularization of insect-based protein.”

Dentons has advised mBank on the update of its Luxembourg-listed EUR 3 billion EMTN Program and a new issue of EUR 500 million green senior preferred notes due 2030 with Commerzbank, Erste Group, J.P. Morgan, UBS, and UniCredit as the joint lead managers. White & Case advised the joint lead managers.

The Dentons team included Warsaw-based Partners Jakub Celinski and Dariusz Stolarek, Senior Associates Paulina Galewska and Damian Bugaj, and Associate Bartlomiej Ksiazek as well as London-based Partner David Cohen and Associates Ed Varney and Miriam Babarinde.

The White & Case team included Warsaw-based Partner Marcin Studniarek, Local Partner Bartosz Smardzewski, and Associate Michal Truszczynski as well as additional team members in London.

CMS has advised the European Bank for Reconstruction and Development on a USD 15 million financing package to Bank Arvand of Tajikistan.

According to CMS, “the package consists of three similar-sized loans of up to USD 5 million (EUR 4.6 million) each. The first loan comes under the Tajikistan Green Economy Financing Facility II and will encourage residential and commercial borrowers to invest in green and innovative solutions that promote the efficient use of water and the sustainable management of land. GEFF Tajikistan II was launched by the EBRD and the Green Climate Fund and is supported by donor funding from South Korea, Austria, and the GCF.”

Moreover, the firm reports that the second loan comes under the EBRD’s Youth in Business program in Central Asia targeting micro, small, and medium-sized enterprises led or owned by young individuals under the age of 35. “The third recently signed loan came under the EBRD’s Women in Business program for Central Asia, which is supported by the Women Entrepreneurs Finance Initiative.”

The CMS team included Warsaw-based Partner Rafal Zakrzewski and Senior Associate Krzysztof Schulz.

B2RLaw, working with Pillsbury Winthrop Shaw Pittman, has advised Neuca and Humaneva on the sale of a minority stake in Humaneva to Viking Global Investors for USD 50 million. Clifford Chance advised Viking Global Investors.

Humaneva is the parent company of Pratia, Kapadi, and Hyggio, all of which are integrated clinical trial solutions. 

According to B2RLaw, “the transaction will contribute to the implementation of the long-term strategy in the area of clinical research and is a key step in strengthening the group’s position in the international biotechnology arena.”

“Partnering with Viking is a strategic milestone for us,” commented Humaneva CEO Tomasz Dabrowski. “Viking’s unique blend of hedge fund and private equity expertise, coupled with their long-term, value-building perspective, aligns perfectly with Humaneva’s vision.”

“Cooperation with our new partner may result in prospective new contacts and greater trust in our company from the US market players,” added Neuca Vice President of the Board of Directors Grzegorz Dzik. “This transaction is also proof of the high potential of this area and thus of the long-term prospects of the group as well as the credibility of our activities and confirms the correctness of the growth trajectory for the segment pursued so far.”

In 2023, B2RLaw advised Moffitt Cancer Center and OncoBay Clinical on Clinscience PLN 150 million investment in OncoBay (as reported by CEE Legal Matters on February 28, 2023).

The B2RLaw team included Senior Partner Rafal Stroinski and Associates Magdalena Borychowska, Danyila Zubach, Konrad Czernecki, and Konrad Zajac.

The Clifford Chance team in Warsaw included Partner Wojciech Polz, Counsels Tomasz Derda, Krzysztof Hajdamowicz, and Tomasz Szymura, Senior Associate Arkadiusz Walkowicz, and Attorney at Law Marta Michalek-Gervais.

Greenberg Traurig has advised Nrep on the acquisition of a plot of land in the Bielany district of Warsaw and a development agreement with White Stone Development for the construction of a building. Baker McKenzie reportedly advised White Stone Development.

Nrep carried out the investment through the NSF V fund.

Nrep is part of Urban Partners, which Greenberg Traurig describes as a “platform of vision-aligned, differentiated, investment strategies shaped around urban problem solving. With EUR 21 billion under management, the platform invests in assets, companies, technologies, and solutions.” Moreover, the law firm reports that the building to be constructed will consist of “more than 480 rental units and approximately 400 square meters of commercial space.”

The Greenberg Traurig team included Deputy Managing Partner Radomil Charzynski, Counsel Adam Narloch, Senior Associate Filip Widuch, Associates Paulina Walczewska, Bruno Jasic, and Maciej Smaczynski, and Paralegal Igor Jedrys.

LSW has advised Gilat Satellite Networks on its USD 245 million acquisition of Stellar Blu Solutions. Naschitz, Brandes, Amir, BCLP, and William Blair reportedly advised Gilat Satellite Networks as well. Sheppard, Mullin, Richter & Hampton reportedly advised the sellers.

Gilat Satellite Networks operates in satellite networking technology, solutions, and services. 

Stellar Blu is an avionics provider of Satcom terminal solutions, offering turn-key inflight connectivity solutions, including terminal development, aircraft integration, and certification and installation packages.

According to LSW, “Gilat will pay USD 98 million at closing, with up to an additional USD 147 million payable in cash, contingent upon the achievement of post-closing business and financial objectives. The transaction spanned multiple jurisdictions, including Israel, USA, UK, Germany, and Poland.”

The LSW team included Partners Piotr Szelenbaum and Marcin Huczkowski and Senior Associates Kasia Michalik and Joanna Markowicz-Maciocha.