Category: Poland

White & Case has advised Trigon as the sole arranger and bookrunner on Erbud Group’s bond issuance.

Erbud is a Polish general contractor, specializing in commercial construction, renewable energy, industrial services, energy solutions, and wooden modular construction.

According to Trigon, Erbud issued PLN 75 million worth of four-year bonds. The proceeds will be used to refinance existing bonds maturing in September 2025.

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

Rymarz Zdort Maruta has advised BEST on its merger with Kredyt Inkaso. Baker McKenzie advised Kredyt Inkaso. Clifford Chance advised Kredyt Inkaso majority shareholder Waterland Private Equity.

BEST is a Polish financial services company.

Kredyt Inkaso provides debt management services.

According to Rymarz Zdort Maruta, BEST will acquire Kredyt Inkaso by transferring all of Kredyt Inkaso’s assets in exchange for BEST shares at a ratio of 0.67537 per KISA share. Moreover, an investment and pre-merger agreement was executed between BEST and Waterland, the majority shareholder of Kredyt Inkaso, as well as with BEST’s majority shareholders and management board members, Krzysztof Borusowski and Marek Kucner.

The Rymarz Zdort Maruta team included Managing Partner Pawel Rymarz, Partners Aleksandra Dobrzynska-Grezel and Iwona Her, Counsel Adam Puchalski, and Senior Associates Malgorzata Derus and Tomasz Kordala.

The Baker McKenzie team included Partners Tomasz Krzyzowski, Marcin Iwaniszyn, Michal Lisawa, Marcin Trepka, and Piotr Wysocki, Counsels Katarzyna Grodziewicz and Mikolaj Piaskowski, Senior Associates Pawel Jaros, Jakub Czerka, Bartek Babanczyk, and Michal Derdak, and Associates Robert Smigielski and Krzysztof Sierpinski.

The Clifford Chance team included Managing Partner Agnieszka Janicka, Partner Marcin Cieminski, Of Counsel Nick Fletcher, Counsels Tomasz Derda, Jaroslaw Lorenc, Krzysztof Hajdamowicz, and Tomasz Szekalski, Senior Associates Katarzyna Kuchta, Michal Magdziak, Aleksandra Ulatowska, and Agata Parys, Associates Marcin Waszynski, Martyna Sieczka, Marie Terillon, Julia Chodkowska, Zofia Zawlodzka, Krzysztof Burda, and Mariusz Wisniewski, Lawyer Maria Janiak, Legal Intern Jan Okurowski, and Trainee Grzegorz Serafin.

Local Partner Maciej Kacymirow has been appointed as Head of the Tax Practice in the Warsaw Office of Greenberg Traurig.

Kacymirow takes over from Marek Kozaczuk, who will continue to advise clients as Of Counsel, according to the firm.

Kacymirow has been with the firm since 2012 when he joined as an Associate. He was promoted to Senior Associate in 2016 and to Local Partner in 2020. Earlier, he worked for Dewey & LeBoeuf, first as a Paralegal between 2006 and 2009 and then as an Associate between 2009 and 2012.

“Maciej’s appointment is a natural progression for our thriving Tax Practice,” said Senior Partner Lejb Fogelman. “His strong grasp of transactional and corporate tax matters, paired with a pragmatic, business-focused approach and a long tenure at GT makes him a natural leader for our team. Marek’s guidance and leadership over the years have been invaluable, and I’m grateful he will remain a strategic advisor as Of Counsel.”

“I am delighted to see Maciej step into this role at such an important moment for our Tax Practice,” commented Kozaczuk. “It has been a privilege to lead the team, and I look forward to continuing to advise our clients and serve strategically as Of Counsel. I am confident that under Maciej’s leadership, our practice will continue to thrive and provide the highest quality of services in an ever-changing market.”

“I am deeply honored to lead the Tax Practice at Greenberg Traurig’s Warsaw office and grateful for the trust Lejb, Jolanta, and Marek have placed in me,” Kacymirow said. “Our goal is to provide innovative, business-focused solutions that help our clients thrive in an ever-evolving tax landscape. With a dedicated team by my side, I look forward to expanding our practice, strengthening our client relationships, and delivering results that drive real business success.”

DWF has advised Synektik’s majority shareholder Ksiazek Holding on the sale of 10% of Synektik’s total share capital and voting rights for a total transaction value of over PLN 190 million.

The sale was carried out via an accelerated book-building process with Santander Bank Polska – Santander Biuro Maklerskie and Banco Santander as the sole global coordinator and bookrunner. 

Synektik Group is a provider of products, services, and IT solutions for surgery, diagnostic imaging, and nuclear medicine.

According to DWF, the shares were sold exclusively to selected institutional investors outside the United States under Regulation S. Following the transaction, Ksiazek Holding will hold 1,376,143 shares, approximately 16.13% of Synektik’s share capital.

The DWF team included Managing Partner Michal Pawlowski, Partner Rafal Wozniak, and Senior Associate Mateusz Bak.

BSJP BNT has advised Douglas on leasing warehouse space at CTPark Warsaw South to launch its main distribution center in Poland.

Douglas is a European omnichannel beauty company.

According to BSJP BNT, the facility spans over 46,200 square meters, including 1,317 square meters of offices and 44,940 square meters of warehouse space.

The BSJP BNT team included Partner Jaroslaw Sroka and Attorney at Law Agnieszka Pokora.

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

Norton Rose Fulbright has advised PGE Polska Grupa Energetyczna on the EUR 3 billion financing of its stake in the 1.5-gigawatt Baltica 2 offshore wind project, located off the Polish coast between Ustka and Choczewo. Clifford Chance advised the lenders.

According to Norton Rose Fulbright, this multi-sourced financing – arranged by 25 international and domestic financial institutions, including Bank Gospodarstwa Krajowego, the EIB, the EBRD, and ING Bank, with additional backing from the EIFO – forms part of the first phase of Poland’s offshore wind program.

Moreover, according to Norton Rose Fulbright, Baltica 2 is structured as holdco financing using a multi-contracting approach and complies with the Green Loan Principles. The project is a 50/50 joint venture between PGE and Orsted, involves 107 wind turbines to achieve a proposed capacity of 1498 gigawatts, and is expected to produce up to 4 terawatt-hours of electricity annually – enough to power approximately 2.5 million households. 

The Norton Rose Fulbright team included Warsaw-based Partner Tomasz Rogalski, Counsels Krzysztof Gorzelak, Artur Jonczyk, Krzysztof Jasinski, and Jan Wszolek, Senior Associates Daniel Popek, Igor Kondratowicz, and Cezary Zawislak, Associates Karolina Lepakiewicz, Karolina Majcher, Jakub Wiatrzyk, Daniel Ksiazek, Izabela Kregiel, Przemyslaw Piasecki, Dominika Wojtkowska, Michal Rutkowski, Paula Stepien, Mateusz Czuba, Martyna Orlowska, Aleksandra Szostak, Jan Nowjalis and Damian Pawlak, and Lawyers Antoni Krzyzanowski, Wiktoria Jadczak, Natalia Rybak, Bartosz Odziemkowski, Nina Strzelczyk, Mikolaj Wolczynski, and Mikolaj Rydzewskim as well as further team members in Singapore, the UK, Belgium, and France.

The Clifford Chance team included Partners Irena Floras-Goode, Florian Mahler, Pawel Puacz, Andrzej Stosio, and Adelina Prokop, Senior Counsel Sandrine Colletier, Counsel Piotr Bogdanowicz, Senior Associates Maksymilian Jarzabek, Wojciech Wator, Agnieszka Kozikowska, Bartosz Zielinski, Aleksandra Bartoszewicz, Adrian Krol, Arkadiusz Walkowicz, and Artur Gladysz, Associates Piotr Weclawowicz, Marius Fritz, Brianna Harcus, Joanna Korycinska, Zarina Tuliszka, Julia Rychlinska, and Oskar Ratajczak, and Trainee Lawyers Natalia Zan and Jeffrey Arthur.

Linklaters has advised Hillwood Polska on the acquisition of a logistics park in Gdansk.

Hillwood Polska is a developer and investor in the real estate market.

The logistics park, which was acquired from funds managed by Blackstone, consists of two fully leased warehouse buildings on Elbląska Street in Gdansk – one measuring 27,000 square meters and the other 16,000 square meters (as reported by CEE Real Estate Matters on February 20, 2025).

The Linklaters team included Country Managing Partner Janusz Dzianachowski, Managing Associate Zuzanna Lipska, Associate Katarzyna Grodzka, and Junior Associate Aleksandra Stanulewicz.

Linklaters could not provide additional information on the matter.

Linklaters, working with BonelliErede, has advised Metinvest on entering into a shareholders’ agreement with Danieli for the construction of a green steel facility in Piombino, Italy.

Metinvest is a steel and mining group. According to Linklaters, Metinvest Adria will develop and operate the eco-friendly steel rolling plant in Piombino, Tuscany. The facility will employ electric arc furnace technology and utilize recycled materials – such as scrap, pig iron, and direct reduced iron, partly sourced from Metinvest’s Ukrainian operations – to achieve an annual production capacity of 2.7 million tons. 

In 2020, Linklaters advised on Metinvest’s USD 333 million eurobond issue and cash tender offer (as reported by CEE Legal Matters on October 20, 2020).

The Linklaters team included Partner Dan Cousens, Managing Associates Piotr Zbyszynski, Michal Szperzynski, Wojciech Podlasin, and Filip Stawicki, and Associates Zuzanna Oldfield and Yuliia Stepanyk.

Kochanski & Partners has advised Mitmar on obtaining patent protection for its food processing technology.

Mitmar is a Polish FMCG company. According to Kochanski & Partners, the patented solution employs a compact, closed production line that not only improves product quality by accelerating freezing and enhancing microbiological conditions but also significantly reduces the carbon footprint – a key environmental benefit.

The Kochanski & Partners team included Partner Karolina Marciniszyn and Senior Associate Tomasz Szambelan.

Gessel has advised Creotech Instruments on the public offering of its newly issued shares.

According to Gessel, the offering attracted significant interest from both institutional and individual investors. “As a result, following the closing of the subscription, Creotech Instruments raised PLN 76 million. The proceeds will accelerate the company’s growth and support the implementation of its strategy, including a key agreement with the Polish Ministry of Defense for the Mikroglob program.”

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

Gessel did not respond to our inquiry on the matter.