Category: Poland

A&O Shearman has advised Schumacher Packaging on the sale of its Polish subsidiaries to Saica Group.

Schumacher Packaging is a European manufacturer of customized corrugated and solid board packaging.

Spain-based Saica Group provides sustainable solutions for the production of paper and packaging as well as waste management.

According to A&O Shearman, “the Polish operations of the Schumacher Group employ over 1,500 individuals and encompass two state-of-the-art corrugated board plants in Bydgoszcz and Wroclaw, two paper mills in Grudziadz and Myszkow, and three service centers.”

The A&O Shearman team included Warsaw-based Partner Jaroslaw Iwanicki, Counsel Justyna Ostrowska, Senior Associates Maciej Szykut, Joanna Kaleta-Szykut, Kamil Jablonski, Marcin Ziarkowski, Aleksandra Deszynski, and Antoni Roszkowski, Associates Pawel Grzesik, Mateusz Kwolek, Katarzyna Fus-Starzec, and Julia Pytko, and Intern Maria Kania as well as additional lawyers in Germany.

A&O Shearman could not disclose additional information on the deal.

Norton Rose Fulbright has advised Panattoni Europe on the construction of a built-to-own facility in Czeladz, to be developed for Compal. Dentons advised Compal.

Panattoni Europe is an industrial space developer.

Compal is a manufacturer of notebook PCs, smart devices, data center equipment, and LCD products.

According to Norton Rose, “the facility will produce advanced electronic components for the automotive industry, including advanced driver-assistance systems, engine control unit modules, and 5G communication units. It will feature an SMT production line, a vehicle control module production line, and a quality control point, all within a state-of-the-art clean room with controlled environmental conditions.”

The Norton Rose Fulbright team Partner Magdalena Zienkiewicz, Senior Associate Jakub Kowalczyk, and Associate Magdalena Olechniewicz-Blocher.

Moskwa, Jarmul, Haladyj i Partnerzy has advised a fund managed by Accession Capital Partners on the management buyout of Tatuum.

Tatuum is a Polish fashion brand established in 1997. It currently operates over 120 stores in Central and Eastern Europe, primarily focusing on women’s products.

The MJH team included Partner Lukasz Blazejczyk and Senior Counsels Pawel Ostrowski and Wojciech Grabowski.

MJH did not respond to our inquiry on the matter.

Editor’s Note: After this article was published, Rymarz Zdort Maruta announced that it advised Pawel Kaplon and KAN, the owners of Tatuum, on the deal. The firm’s team included Managing Partner Pawel Zdort, Partners Jakub Rachwol and Iwona Her, Counsels Jerzy Rostworowski and Irmina Watly, Senior Associate Diana Sofu, and Associates Engjell Sokoli and Maksymilian Kaszubowski.

Additionally, Wardynski & Partners announced that it advised the founders of KAN as well. The firm’s team included Partner Adam Strzelecki and Attorney at Law Hubert Binkiewicz.

Kochanski & Partners has advised Univacco Europe on executing a lease agreement for its Poland headquarters at Hillwood Lodz Chocianowice with Hillwood.

Based in Taiwan, Univacco operates in high-tech printing, hot stamping, coating, holographic, and digital transfer products.

“We chose Hillwood Lodz Chocianowice because the park offered everything we were looking for when thinking about creating a modern distribution center for the whole of Europe,” said President North America & Europe at Univacco Chris Corbett. “Our new investment underlines the importance of the European market and will provide an even higher level of technical and sales support to our customers and network of distribution partners.”

The Kochanski & Partners team included Partner Pawel Cholewinski and Counsel Malwina Jagiello.

BSJP BNT has advised Wechta FIZ on its sale of shares in Mostostal Wechta to Kuenz Group.

The Mostostal Wechta manufacturing company in Slupca has been on the market since 1972, first as a state-owned enterprise and later as a part of the Wechta Closed Investment Fund. It is a manufacturer of steel structures for the energy, mining, and metallurgical industries.

Austria-based Kuenz Group operates in the manufacture of container cranes.

The BSJP BNT team included Attorney at Law Wojciech Plesinski.

BSJP BNT did not respond to our inquiry on the matter.

DLA Piper has advised EDP Renewables Polska on the sale of a renewable energy portfolio comprising two photovoltaic farms with a total capacity of 280 megawatts and a wind farm hosting 13 turbines with a total capacity of 26 megawatts to the Orlen Group in a transaction worth PLN 1.15 billion.

The two photovoltaic farms are in the province of Zielona Gora while the wind farm is in the province of Lodz.

EDP Renewables Polska is the Polish subsidiary of EDP Renewables, a renewable energy sector company and the fourth largest wind energy producer in the world. 

Orlen is an integrated, multi-utility corporation primarily active in Central Europe.

According to DLA Piper, “the acquisition will allow the Orlen Group to increase its renewable energy sources portfolio by over 300 megawatts, which corresponds to an almost 30% increase in its generating capacity.”

The DLA Piper team included Warsaw-based Country Managing Partner Jacek Gizinski, Partner Oskar Waluskiewicz, Counsels Klaudia Lorent, Mateusz Koszel, Dominika Wolf-Jezierska, and Aleksander Haleniuk, Senior Associates Dawid Krakowiak, Szymon Sakowski, and Piotr Galazk, Associates Sylwia Chrostowska, Bartlomiej Slemp, Michal Gizewski, and Pawel Szostek, Junior Associates Michal Bobryk, Monika Dmochowska, Weronika Kulpa, Paulina Harhaj, and Karol Wasyluk, Trainees Michalina Wodzinska, Kinga Liszka, Kacper Miller, and Karolina Kosieradzka, and Paralegal Marcelina Dembinska.

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

DWF has advised Roomies Studentliving Poland on its acquisition of a student housing portfolio from 6B47 Real Estate Investors. Baker McKenzie reportedly advised 6B47.

Roomies Studentliving Poland is an investor in the purpose-built student accommodation sector.

According to DFW, the acquired portfolio includes “two purpose-built student accommodation projects with construction permits located in Warsaw and Wroclaw. The acquisition of the portfolio from 6B47 is an important part of Roomies’ strategy focused on sustainable and fast growth in the PBSA market in Poland. The company plans to create a portfolio of over 2,000 modern and attractive rooms within the next five years.”

The DWF team included Partners Joanna Wojnarowska, Adrian Jonca, Oskar Tulodziecki, and Rafal Wozniak, Counsels Katarzyna Stec and Pawel Bialobok, Senior Associates Ewa Lewandowska and Marcin Wasilewski, Associate Marta Matkowska, and Staff Lawyer Aleksander Kurpias.

Editor’s Note: After this article was published, Baker McKenzie confirmed it advised 6B47 Real Estate Investors. The firm’s team included Partner Weronika Guerquin-Koryzma, Senior Associate Kamil Matyskiewicz, and Lawyer Marta Tomczak.

White & Case has advised Bank Polska Kasa Opieki on its PLN 600 million senior preferred series bonds issuance.

According to White & Case, “the bonds were offered to qualified investors through a non-prospectus public offering and introduced to trading on the Warsaw Stock Exchange’s alternative trading system. The bonds are registered with the National Depository for Securities.”

Established in 1929, Bank Polska Kasa Opieki is one of Poland’s largest financial institutions, offering a comprehensive range of banking services to both retail and corporate clients.

Earlier in 2024, White & Case advised Bank Polska Kasa Opieki on a PLN 500 million bond issuance (as reported by CEE Legal Matters on May 21, 2024). In late 2023, White & Case also advised on Bank Pekao’s EUR 500 million issuance of green bonds and EMTN program (as reported by CEE Legal Matters on December 6, 2023).

The White & Case team included Partner Grzegorz Abram, Local Partner Pawel Zagorski, and Associate Maciej Kujawa.

WKB has advised LCM Partners on its acquisition of three investment certificates from Kredyt Inkaso Portfolio Investments and Kredyt Inkaso. Baker McKenzie reportedly advised Kredyt Inkaso.

LCM Partners is a European alternative investment fund manager.

Kredyt Inkaso focuses its activities on investing in debt portfolios and servicing them at all stages of overdue debt. In addition, it provides debt management services to other financial entities via outsourcing

According to WKB, the investment certificates are in three Polish closed-end investment funds including Kredyt Inkaso I NFIZW, Kredyt Inkaso II NFIZW, and Kredyt Inkaso III NFIZW. The acquisition also included a portfolio of non-performing receivables from Kredyt Inkaso Portfolio Investments, to be transferred into one, or more, of the funds. “The agreed upon purchase price exceeds PLN 540 million (and is subject to adjustments). This investment will be made by funds advised by LCM under its Credit Opportunities strategy.”

The WKB team included Partners Agata Szczepanczyk-Piwek and Jakub Jedrzejak, Senior Associates Agnieszka Bartolik and Sebastian Wozniak, and Junior Associates Tymoteusz Matusiak and Karol Muszynski.

Dentons has advised Loconi Intermodal on the sale of a majority stake to PSA Baltics. DLA Piper advised PSA Baltics.

Loconi Intermodal is a Polish intermodal operator.

PSA Baltics is a subsidiary of PSA International that operates more than 60 maritime and rail terminals worldwide. 

The Dentons team included Partners Michal Wasiak, Dariusz Stolarek, and Aleksandra Minkowicz-Flanek, Counsels Anna Gulinska and Dagmara Cisowska, Senior Associates Paulina Galewska, Lukasz Blaszczak, and Damian Bugaj, and Associates Marcin Urbanski and Rozanna Piela-Wojciechowska.

The DLA Piper team included Partners Rafal Kluziak and Lukasz Dynysiuk.