Category: Poland

JDP has advised the Warsaw Ghetto Museum on a construction tender procedure regarding the selection of a designer and a general contractor. Pierog & Partners reportedly advised on the procedure as well.

According to JDP, “the Warsaw Ghetto Museum [building] is planned to be built on the premises of the former Children’s Hospital founded by the Bersohn and Bauman couple at Sienna 60/Sliska 51 Streets in Warsaw. The total usable area of the museum is approximately 11,500 square meters.”

The JDP team included Partner Wojciech Merkwa, Counsel Piotr Duma, and Associates Aleksandra Blukacz and Agata Ruszel.

Editor’s Note: After this article was published, Pierog & Partners confirmed its involvement to CEE Legal Matters, having advised the winning side of the tender procedure, Adamietz contracting company. The firm’s team included Lawyers Kacper Kaleta and Agnieszka Bartczak-Zuraw.

Gessel has avised Archidoc on its investment in Business Archiv.

Archidoc operates in document management, offering physical and electronic archiving services, file digitization, scanning, back-office support, and electronic document exchange.

Warsaw-based Business Archiv is a provider of document storage and management services.

Back in 2019, Gessel advised on OEX’s sale of Archidoc to Oasis (as reported by CEE Legal Matters on October 25, 2019).

The Gessel team included Managing Associates Karolina Krzal-Kwiatkowska and Krzysztof Jasinski and Senior Associate Dominika Lara.

Greenberg Traurig has advised sole global coordinator and bookrunner Santander Bank Polska on Polenergia’s PLN 750 million share issuance.

Polenergia is a Polish private energy group consisting of vertically integrated companies that generate energy from conventional and renewable sources, distribute, trade, and sell electricity to retail and business customers.

According to Greenberg Traurig, “Polenergia will use the proceeds from the offering to finance investment projects as part of the implementation of the strategy of the Polenergia Group for 2020-2024. The funds from the issue will be used primarily for the further development of the offshore wind farms MFW Baltic I, MFW Baltic II, and MFW Baltic III, but also for onshore wind and photovoltaic projects, as well as hydrogen projects and the development of the electromobility sector.”

The Greenberg Traurig team included Partner Rafal Sienski, Senior Associate Grzegorz Socha, and Junior Associate Kamil Nagawski. 

Editor’s Note: After this article was published, DLA Piper announced that it had advised Polenergia. The firm’s team included Partner Jakub Domalik-Plakwicz, Counsel Marek Kleczekm, Lawyer Wojciech Kalinowski, Associate Arkadiusz Karwala, and Junior Associate Dominik Mizerski.

Gessel has advised WSE-listed company Creotech Instruments on a non-brokered public offering conducted under an accelerated book-building procedure worth approximately PLN 60 million.

Creotech Instruments is a manufacturer of satellites, satellite systems, and components and the first Polish space company listed on the WSE.

The Gessel team included Partner Krzysztof Marczuk, Managing Associates Michal Wielinski and Magdalena Szeplik, Senior Associate Maciej Kowalski, and Associates Dawid Marciniak and Michal Dunikowski.

Gessel did not respond to our inquiry on the matter.

Editor’s Note: After this article was published, Rymarz Zdort Maruta announced it had advised managers Pekao Investment Banking, Trigon Dom Maklerski, and Bank Polska Kasa Opieki-Pekao Brokerage House. The firm’s team included Partner Ewa Bober, Senior Associate Karolina Klos, and Associates Bartlomiej Skwarlinski and Piotr Slawek.

Linklaters has advised Panattoni BTS on the construction of a factory for Maxcess. DLA Piper advised a group of private investors represented by Albaluna Investments.

Panattoni is an industrial real estate developer.

Maxcess outputs products and services for automated web handling applications for converting lines.

According to Linklaters, ”the project will allow for the relocation of Maxcess’s existing facility and an increase in production volume. It will have the capacity to host 350 employees in total in the future and will serve as the main facility for the company’s European operations.”

The Linklaters team included Managing Associate Monika Lerka and Associate Mateusz Korecki.

The DLA Piper team included Partner Michal Pietuszko, Senior Associates Paulina Galicka and Milena Nerwinska, and Junior Associate Mikolaj Zenkiewicz.

Clifford Chance has advised Eiffel Transition Infrastructure on the joint venture with Optima Wind to establish WindLight. Dentons advised Optima Wind.

Eiffel Transition Infrastructure is an investment fund managed by the Eiffel Investment Group.

Optima Wind builds, develops, and operates wind farms and PV farms.

According to Clifford Chance, WindLight aims at developing over 1 gigawatt of photovoltaic and wind farms. “Through this new transaction, WindLight will develop a diversified portfolio of 14 projects, comprising PV projects of 888 megawatts and wind assets of 266 megawatts.”

The Clifford Chance team included Partner Pawel Puacz, Senior Associate Aleksandra Rzegocka, and Lawyers Maciej Mroz and Maria Majchrzak.

The Dentons team included Partner Agnieszka Kulinska and Counsels Filip Raubo and Maciej Dymnicki.

Rymarz Zdort Maruta, working with Weil Gotshal & Manges, has advised TCV on the accelerated bookbuilding process for Grupa Pracuj shares.

Goldman Sachs Bank Europe and Santander Bank Poland-Santander Brokerage House, together with Banco Santander, were the joint global coordinators and joint bookrunners. Trigon Dom Maklerski was a joint bookrunner as well.

Back in 2021, Rymarz Zdort Maruta had also advised TCV on the sale of shares in Grupa Pracuj’s IPO on the Warsaw Stock Exchange regulated market (as reported by CEE Legal Matters on December 21, 2021).

Grupa Pracuj is a technology platform in the HR industry in Central and Eastern Europe, supporting companies in the recruitment, retention, and development of employees.

TCV is an American growth equity fund and has invested over USD 16 billion in public and private technology companies since its inception.

The Rymarz Zdort Maruta team included Partners Jacek Zawadzki and Ewa Bober and Senior Associate Aleksander Jakubisiak.

Greenberg Traurig has advised KI Chemistry on further acquisitions of shares in Ciech to reach over 95% of voting rights in the company.

KI Chemistry is part of the Kulczyk Investments group, a private, international investment house with offices in Luxembourg, London, and Warsaw.

Ciech is an international chemical group. Its factories are located in Poland, Germany, and Romania and it employs over 3,000 people throughout the EU. 

According to Greenberg Traurig, “as a result of the transactions, KI Chemistry’s share in the total number of votes at the general meeting of Ciech exceeded the 95% threshold, which entitles KI Chemistry to carry out, within three months from the date of exceeding the threshold, a compulsory buyout of the remaining shares of Ciech.”

The firm reports that “the acquisition of shares of Ciech is another element of a long-term strategic financial investment by KI Chemistry. KI Chemistry’s intention is to continue to support Ciech in its existing and planned activities, initiating actions to strengthen its market and financial position by unifying and streamlining corporate governance in processes related to the implementation of strategic decisions.”

The total value of transactions concerning the acquisition of shares in Ciech by KI Chemistry since April 2023 amounted to approximately PLN 1.27 billion – approximately EUR 284 million. Greenberg Traurig also advised on those earlier acquisitions (as reported by CEE Legal Matters on May 3, 2023).

The Greenberg Traurig team included Partner Rafal Sienski, Senior Associate Grzegorz Socha, and Junior Associate Szymon Swierszcz. 

Greenberg Traurig did not respond to our inquiry on the matter.

Editor’s Note: After this article was published, Greenberg Traurig announced on November 23, 2023, that KI Chemistry completed the compulsory buyout of the remaining shares of Ciech, making it the sole shareholder of the company.

Baker McKenzie has advised Europejski Fundusz Leasingowy on its PLN 340 million bond issuance as part of the company’s PLN 2 billion issuance program. The firm also advised dealer and issuance agent mBank.

Europejski Fundusz Leasingowy is one of the oldest leasing companies established in Poland. It began operations in June 1991.

The Baker McKenzie team was led by Partner Michal Glowacki and included Associate Bartosz Ordon and Trainee Izabella Bednarz.

B2RLaw has advised Everfield UK Limited on its acquisition of Polish worktime planning software company Grafik Optymalny.

Everfield is an international IT group that invests in companies with specialized software that solves operational problems for businesses. Everfield’s portfolio includes Germany-based SoCom, which has been operating for three decades and offers an ERP system for the textile industry, and Latvia-based AGroup, which provides HR software for corporate payroll.

Grafik Optymalny is a start-up founded in 2014, offering a system that automates work time scheduling using artificial intelligence. According to B2RLaw, “the company’s founders, Karolina Dolas and Grzegorz Galos, will retain their current roles and continue to lead the company’s development, leveraging Everfield’s support, resources, and know-how.” They are joining Everfield to expand its complementary HR ecosystem.

The B2RLaw team included Partners Rafal Stroinski and Bogdan Duda, Counsel Paulina Wyrostek, and Junior Associates Magdalena Borychowska and Magdalena Kulakowska.

B2RLaw could not provide additional information on the matter.