Category: Poland

  • Norton Rose Fulbright and Clifford Chance Advise on Windflower Farms Refinancing

    Norton Rose Fulbright has advised Bank Polska Kasa Opieki on the refinancing of the financial indebtedness of two Windflower wind farms and the increase of financing of three other farms. Clifford Chance advised the borrower.

    The refinanced farms include the 10-megawatt Miksztal onshore wind farm and the 24-megawatt Suchan onshore wind farm. The farms with the increased financing were the 4-megawatt Dzialdowo wind farm, 6.4-megawatt Grabik wind farm, and 6-megawatt Brodnica wind farm.

    According to Norton Rose, “the wind farms are sponsored by Windflower, a subsidiary of Sunflower Sustainable Investments, a public company listed in Tel Aviv Stock Exchange. Sunflower Sustainable specializes in leading, initiating, developing, financing, constructing, operating, and managing renewable energy sources and energy storage systems.”

    Earlier this year, Norton Rose advised Bank Polska Kasa Opieki on the financing for the Vaskol PV portfolio (as reported by CEE Legal Matters on January 17, 2024).

    The Norton Rose Fulbright team included Partner Tomasz Rogalski, Senior Associate Igor Kondratowicz, and Associates Karolina Lepakiewicz and Daniel Ksiazek.

    The Clifford Chance team included Partner Andrzej Stosio, Counsel Aleksandra Rudzinska, and Associates Krzysztof Burda, Oskar Ratajczyk, and Weronika Patzer.

  • DLA Piper Advises Brand24 and Shareholders on 57.6% Sale to Semrush

    DLA Piper has advised Brand24 and its shareholders (including Laeq, Unfold.vc, and Michal Sadowski and Piotr Wierzejewski funds) on the sale of a 57.6% stake to Semrush.

    Semrush is an American SaaS platform that offers online marketing tools.

    Brand24 is a platform for monitoring and analyzing activities on the internet and social media.-

    The DLA Piper team included Partner Rafal Kluziak, Senior Associate Piotr Rysiak, Associate Arkadiusz Karwala, and Junior Associate Filip Wilczynski.

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

  • Wardynski & Partners Advises on CRE PeP and Polskie ePlatnosci Corporate Reorganization

    Wardynski & Partners has advised merchant acquiring services company Centrum Rozliczen Elektronicznych Polskie ePlatnosci on the spin-off and transfer of its full customer portfolio and all company processes to national payment institution Polskie ePlatnosci and supported the latter in obtaining bank financing for its ongoing settlements with merchants. Clifford Chance reportedly advised the lender.

    According to the firm, the reorganization enabled “the burden of activity to be shifted from CRE PeP, a process company, to Polskie ePlatnosci, a national payment institution [and] one of the largest payment service providers in Poland, particularly in accepting and processing payment transactions.”

    The Wardynski & Partners team included Partners Daniel Smarduch, Kinga Ziemnicka, and Krzysztof Wojdylo, Counsel Konrad Werner, Senior Associates Piotr Zabkiewicz and Rafal Kuchta, Associate Filip Kurys, and Junior Associates Paulina Adamczyk and Adam Strzelecki.

  • Greenberg Traurig Advises Bielenda on Miya Cosmetics Acquisition Financing from Polish Banks

    Greenberg Traurig has advised Bielenda Kosmetyki Naturalne on the acquisition loan facility provided by BNP Paribas Bank Polska and mBank for its acquisition of Miya Cosmetics brand owner Kanani Europe. Allen & Overy reportedly advised the lenders.

    Bielenda Kosmetyki Naturalne is a Polish producer of cosmetics for the face and body, as well as hair-care products. It is a portfolio company of Innova Capital.

    According to Innova Capital, Kanani Europe has been owned by the family-owned investment company TDJ since 2021. “Over the past few years, TDJ, together with the company’s CEO and co-owner Leszek Klosinski, have successfully worked to expand Miya Cosmetics’ product portfolio, enter new distribution channels, and increase its recognition.”

    Two months earlier, both Greenberg Traurig and Allen & Overy advised on BNP Paribas Bank Polska and mBank’s acquisition loan facility to Bielenda Kosmetyki Naturalne for its acquisition of the Torf Corporation (as reported by CEE Legal Matters on March 1, 2024).

    The Greenberg Traurig team included Counsel Mateusz Koronkiewicz, Junior Associate Weronika Kopec, and Paralegal Szymon Pastuszak.

  • SK&S Advises AniCura on Acquisition of Poznan Veterinary Clinic Centrum Zdrowia Malych Zwierzat

    Soltysinski Kawecki & Szlezak has advised AniCura AB on its acquisition of Poznan-based veterinary clinic Centrum Zdrowia Malych Zwierzat. Roedl & Partner reportedly advised AniCura as well.

    AniCura is a European family of animal hospitals and clinics focused on primary and specialized veterinary care for companion animals.

    Five months earlier, SK&S also advised AniCura on ita acquisition of the Gliwcka Przychodnia Weterynaryjna veterinary clinic in Gliwice (as reported by CEE Legal Matters on December 8, 2023).

    The SK&S team included Senior Partner Tomasz Kanski, Partner Jacek Myszko, Senior Counsel Krzysztof Wos, Senior Associate Kacper Kurowski, and Associates Ewelina Woike-Regula and Mateusz Zagozdon.

  • DZP’s Rafal Hajduk Moves In-House by Joining R.Power Renewables as Chief Commercial Officer

    Former Domanski Zakrzewski Palinka Partner Rafal Hajduk has moved in-house, joining R.Power Renewables as the company’s Chief Commercial Officer.

    Poland-based R.Power Renewables is a power producer active in solar PV and battery storage that operates in Poland, Italy, Portugal, Spain, Germany, and Romania.

    Before the move, Hajduk spent seven years with Domanski Zakrzewski Palinka. Earlier, he spent nine years as a Partner with Norton Rose Fulbright between 2008 and 2017 and, earlier still, ten and a half years with CMS, starting in 1997.

    “We are currently witnessing a green revolution, which we see as both a significant opportunity and challenge for Europe,” a R.Power Renewables spokesperson commented. “At R.Power, we aim to take a leadership role in driving this transformation, alongside other key players in Europe. A crucial factor in achieving success is collaborating with top talents. We are confident that Rafal’s addition to our team will greatly bolster our company’s growth and development.”

    Originally reported by CEE In-House Matters.

  • Gessel Advises Cavatina Holding on Bond Program, Prospectus, and Third Issuance

    Gessel has advised Cavatina Holding on its bond issuance program, the prospectus recently approved by the Polish Financial Supervision Authority, and its new prospectus-based bond issuance, up to PLN 150 million in value, with issue organizer Noble Securities.

    According to Gessel, this is Cavatina Holding’s third prospectus-based issuance. “The prospectus approval process took only 32 business days […] We hope that this third in the series of Cavatina Holding S.A. bond issues will be just as popular with investors as the preceding ones,” the firm announced.

    Cavatina Holding is an office space developer operating in Poland. The company is present in seven Polish cities: Warsaw, Krakow, Lodz, Wroclaw, Gdansk, Katowice, and Bielsko-Biala.

    A month prior, Gessel also advised Cavatina Holding on its prospectus-free bond issuance program with a maximum value of PLN 50 million and related public issuance of M2024A series bonds with an aggregate value over PLN 21.5 million (as reported by CEE Legal Matters on April 5, 2024).

    The Gessel team included Partner Krzysztof Marczuk, Managing Associate Magdalena Szeplik, and Senior Associate Jakub Rowicki.

  • KWKR and Osborne Clarke Advise on EUR 5 Million Orlen VC Investment into Euroloop

    KWKR Konieczny Wierzbicki and Partners has advised EV charger manufacturer Euroloop on receiving investment from the Orlen VC fund and their resulting strategic partnership in a transaction valued at approximately EUR 5 million. Osborne Clarke advised Orlen VC.

    According to Osborne Clarke, Euroloop is a technology company delivering “super-efficient DC chargers for electric vehicles under the Willbert brand, together with comprehensive software solutions to manage and monetize the charging business.”

    Orlen VC is the corporate venture capital fund established by PKN Orlen. It focuses on investing in start-ups with market-ready technology that will play a significant role in the energy transition, climate change, and industrial automation.

    The KWKR team included Managing Partner Marcin Wierzbicki, Partner Paulina Opielka, Associates Pawel Machowski and Dominik Korybalski, and Junior Associates Jacek Kulig and Maciej Ziemianski.

    The Osborne Clarke team was led by Counsel Rafal Kozlowski and included Senior Associate Szymon Tyniec, Associate Jedrzej Besztak, Junior Associate Bartosz Nawrot, and Paralegal Dominika Zalewska.

  • Norton Rose Fulbright and Clifford Chance Advise on EUR 730 Million Facilities for Polpharma

    Norton Rose Fulbright, working with Harneys Cyprus, has advised a syndicate of banks on a new multicurrency term loan and revolving credit facility amounting to EUR 730 million for Windstorm Trading & Investments and Zaklady Farmaceutyczne Polpharma. Clifford Chance advised the borrowers.

    The lending syndicate included ING Bank NV (London), Caixabank Poland, Bank Pekao, the EBRD, BNP Paribas Bank Polska, ING Bank Slaski, PKO Bank Polski, mBank, Bank Handlowy w Warszawie, and Santander Bank Polska.

    According to NRF, Polpharma is the leader in the Polish pharmaceutical market and one of the leading drug manufacturers in Central and Eastern Europe. The company was founded in 1935. “Currently, they are part of a strong international pharmaceutical group, offering modern drugs, substances, and innovative solutions for patients and business partners worldwide. Its factories produce 400 million drug packages annually,” the firm reported.

    Back in 2021, both Norton Rose and Clifford Chance advised on another, PLN 800 million, financing for Polpharma (as reported by CEE Legal Matters on July 8, 2021).

    The NRF team included Warsaw-based Partner Grzegorz Dyczkowski, Counsel Marta Kawecka, and Senior Associate Igor Kondratowicz as well as London-based Partner James Dunnett.

    The Clifford Chance team included Partner Andrzej Stosio, Counsel Tomasz Szymura, Senior Associate Anna Miernik, and Associates Natalia Karasiewicz and Aleksandra Bialyszewska.

  • LSW Expands with Eight-Partner Team Hire from B2RLaw

    LSW Bienkowski, Laskowski, Lesnodorski, Melzacki and Partners has announced it hired eight new partners – Filip Badziak, George Havaris, Marcin Huczkowski, Piotr Leonarski, Krzysztof Marzynski, Adam Piwakowski, Aleksandra Polak, and Piotr Szelenbaum – all coming from B2RLaw, alongside a group of associates, administration, and marketing support.

    Badziak, specializing in Banking & Finance, was a Counsel with B2RLaw, where he spent the last three years. Before that, he spent five years with Crido Legal between 2015 and 2020, and three more with Deloitte Legal.

    Focusing on Corporate/M&A and Banking & Finance, Havaris was a Partner with B2RLaw, which he joined in 2020. Earlier, he spent six years with JSLegal and seven years with Linklaters in Warsaw, London, and Moscow, between 2005 and 2012.

    Another former B2RLaw Partner, Huczkowski specializes in TMT/IP and Data Protection. He joined B2RLaw affiliate Zieba & Partners back in 2019. Before that, he spent almost two years with Kochanski, one with SPCG, and six years with WKB Lawyers. He also spent a year and a half with Gessel, between 2007 and 2009, and started out with Kuczek-Maruta in 2006.

    A former B2RLaw Counsel, Leonarski is a Tax specialist. He spent four years with B2RLaw, which he joined after two in-house year-and-a-half stints with the Ministry of Finance of Poland and Narodowy Bank Polski, as a Chief Specialist in the VAT Department and Senior Tax Specialist, respectively. Earlier, he spent a year and a half with Crido and another year and a half with Greenberg Traurig.

    Real Estate, Infrastructure, and Construction expert Marzynski spent almost three years with B2RLaw as an Of Counsel. Before that, he spent three years with Crido as a Partner and Head of Real Estate and Construction, seven with Dentons between 2010 and 2017, and three with Clifford Chance.

    Piwakowski, a Partner at B2RLaw for the past five and a half years, was in charge of strategic development, business management, training and hiring, and international clients. Earlier, he spent five and a half years with what was at the time Kochanski Zieba & Partners, three years in-house split evenly between Libertis and LV=, and three and a half with Clyde & Co in London, between 2006 and 2009. He spent another two years with the UK’s Plexus Law and started out with MTA Solicitors in 2002.

    Specializing in Corporate, M&A, Private Equity, and ESG, Polak was a B2RLaw Partner for the past four years. Before that, he spent two and a half years with Rymarz Zdort Maruta, another two and a half with Kochanski Zieba & Partners, and two more with Greenberg Traurig starting in 2012.

    Szelenbaum focuses on Capital Markets, M&A, and Private Equity. He was a Partner but only spent a year and three months with B2RLaw. Earlier, he spent four years with SPCG and four more with White & Case, starting out as a Local Partner in 2013 and making Partner in 2014.

    “By hiring the team, and in view of their very strong background at international law firms,” Co-Founding Partner Boguslaw Lesnodorski commented, “we hope to expand our international offering by supporting our clients as they conduct business abroad and, at the same time, advising more global companies and funds investing into Poland at a time when the recent geopolitical changes in Poland have very much encouraged greater foreign investment.”

    “LSW is a fantastic firm with a very strong Polish client base,” Szelenbaum added. “The team that has joined has a particular focus on advising on cross-border transactions and the fact that this is something that LSW wishes to push more into, made the prospect of working together very much interesting.”