Category: Poland

Radzikowski Szubielska i Wspolnicy has advised Orlen Wind 3 on the full acquisition of three operating wind farms with a total capacity of 142 megawatts from EDP Renewables Polska. DLA Piper advised EDP.

The portfolio’s enterprise value was approximately PLN 2.20 billion. According to DLA Piper, the three wind farms were commissioned in 2021-22. The transaction also included an additional up to 159 megawatts of hybrid solar projects linked to the wind farms.

EDP Renewables Polska is a subsidiary of EDP Renovaveis, “a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer,” according to DLA Piper. “This transaction is part of the EUR 7 billion asset rotation program for 2023-2026 announced by EDP in March 2023.”

The new assets are another investment of Polish oil and gas group Orlen in renewables in the Wielkopolska voivodship. After the finalization of this transaction, Orlen will have approximately 900 megawatts of installed capacity in renewables, the firm reported.

The Radzikowski Szubielska i Wspolnicy team was led by Partners Przemyslaw Kalek and Agnieszka Piasecka and Senior Associate Joanna Jablonska and included Partners Joanna Nowak-Paradowska and Martyna Kaminska-Tabaka, Senior Associates Martyna Dyga-Mroz and Edward Bielinski, Associates Aleksandra Mikolajczyk-Bonarek and Radoslaw Dubieszko, and Junior Associates Katarzyna Beczkowska, Jan Antepowicz, and Olga Ostrowska.

The DLA Piper team in Poland was led by Co-Managing Partner Jacek Gizinski, Partner Oskar Waluskiewicz, and Senior Associates Klaudia Lorent and Dawid Krakowiak and included Counsel Beata Mrozowska – Bartkiewicz, Senior Associates Marta Bosiak, Szymon Sakowski, and Wojciech Sulimierski, Associates Sylwia Chrostowska and Piotr Galazka, Junior Associates Michal Bobryk, Monika Dmochowska, and Zofia Waszczykowska, and Paralegals Marcelina Dembinska, Weronika Kulpa, and Marek Jazwinski.

Czabanski & Galuszynski has advised HiProMine on a EUR 32 million financing for the construction of a new production plant and insect genetics center from Bank Gospodarstwa Krajowego. Dentons advised BGK and the KUKE state export credit agency.

HiProMine, established in 2015, focuses on technology for the industrial breeding of insects and the use of their biomass for the production of alternative feed materials and organic fertilizers. The company debuted on the NewConnect market of the Warsaw Stock Exchange in July 2022.

According to Czabanski & Galuszynski, Bank Gospodarstwa Krajowego has granted HiProMine the financing for the construction of a new plant for the production of animal feed materials and an Insect Reproduction Genetic Center in the amount of more than EUR 32 million, with the total budget of the project exceeding EUR 45 million.

Bank Gospodarstwa Krajowego is a Polish development bank that supports Poland’s sustainable social and economic development. According to Dentons, “this is the first financing provided by BGK under the project finance formula using KUKE’s guarantees for export-generating investments.”

The Czabanski & Galuszynski team included Partner Piotr Galuszynski, Managing Associate Adam Janczewski, and Associates Katarzyna Pasek and Maja Batra.

The Dentons team included Partners Tomasz Zwolinski and Michal Turczyk, Counsel Jakub Zienkiewicz, Senior Associate Grzegorz Kukowka, and Associates Dominika Krysiak-Bogdzio and Aleksandra Jurga-Wieckowska.

Sobczynscy i Partnerzy has advised Polish specialized printing company Emerson on its sale of investment land in Piotrkow Trybunalski to a company belonging to Reino Capital and IO Asset Management. Linklaters reportedly advised the buyers.

According to Sobczynscy i Partnerzy, the transaction was divided into four stages, the first of which took place in 2020 and concerned the sale of a warehouse complex with an area of approximately 135,000 square meters. The final, recently closed stage “covered the areas of concentration of services and economic activity, intended for the construction of large-area plants with an area of ​​over 225,000 square meters.”

Emerson Offline 360 describes itself as “one of the largest manufacturers of forms and specialized prints, such as scratch-offs and classified documents, in Europe. On the market since 1992, the company offers specialized printing as well as packaging and distribution services and a full range of products for the office and sale-support products.

Reino Capital is a listed real estate holding that owns a range of firms operating in the commercial real estate market.

 IO Asset Management is a London-based investment & asset manager in the urban logistics sector.

The Sobczynscy i Partnerzy team included Managing Partner Michal Sobczynski and Partner Lukasz Jankowski.

Norton Rose Fulbright has advised Polski Fundusz Rozwoju on its PLN 128 million construction financing for 26 photovoltaic farms in Poland with a total capacity of 43 megawatts, sponsored by Projekt Solartechnik. Rymarz Zdort Maruta advised Projekt Solartechnik and its subsidiaries.

According to Norton Rose, the funds will be used to finance or refinance the construction costs of 26 PV plants located in the Dolnoslaskie, Kujawsko-Pomorskie, Lubelskie, Lodzkie, Mazowieckie, Opolskie, Pomorskie, Slaskie, Wielkopolskie, and Zachodniopomorskie Voivodeships.

PFR (the Polish Development Fund) is a state-controlled group of financial and advisory institutions for entrepreneurs, local governments, and individuals investing in the sustainable social and economic development of Poland.

Projekt Solartechnik is an international company specializing in large-scale photovoltaic installations, wind farms, and green energy sales.

Back in April, Rymarz Zdort Maruta also advised Projekt-Solartechnik and its subsidiaries on their private debt financing agreement with the Eiffel Investment Group (as reported by CEE Legal Matters on April 12, 2023).

The Norton Rose Fulbright team included Partner Tomasz Rogalski, Counsel Krzysztof Gorzelak, Senior Associate Cezary Zawislak, Lawyers Wiktoria Jadczak and Jakub Chmiel, and Associates Przemyslaw Piasecki, Oskar Sula, and Daniel Ksiazek.

The Rymarz Zdort Maruta team was led by Partner Jakub Rachwol and included Senior Associate Adrian Wieslaw and Associates Augustyna Porzucek and Filip Ksiazczak.

MKZ Partners has advised the sellers on the sale of the naEkranie.pl website and the 4Fun, 4Fun Kids, and 4Fun Dance TV channels to the Polsat Plus Group.

The Polsat Plus Group is a media and telecommunications group in Central and Eastern Europe.

According to MKZ Partners, the 4Fun channel has been in the television market since 2004, whereas 4Fun Dance, a channel with Polish dance music, was launched in 2011 under the TV Disco name. 4Fun Kids, a music, educational, and interactive channel for children, premiered in 2020. The naEkranie.pl website is “dedicated to pop culture, where you can find information about movies, series, books, comics, games, and new technologies. Every month, it attracts at least 2 million readers to its pages, generating over 20 million page views.”

“Cooperation with Telewizja Polsat and the entire Polsat Plus Group, and the various current and future synergies resulting from it, are another very important step in the history of the companies for 4Fun and naEkranie.pl,” 4Fun and naEkranie.pl Co-Owner and President Mateusz Gorecki commented. “I believe that together we will achieve much more and much faster, and there is a bright future ahead for the 4Fun channels and the naEkranie.pl website.”

The MKZ Partners team included Managing Partner Katarzyna Kosicka-Polak, Partner Piotr Kosiacki, and Lawyer Sebastian Kozlowski.

MKZ Partners did not respond to our inquiry on the matter.

BCGL has advised Bank Pekao on the financing for RiO Family Office’s acquisition PartyDeco. CMS advised PartyDeco and its founders Mikolaj Gabryel and Agnieszka Gabryel, while Deloitte Legal advised RiO Family Office on both the acquisition and the financing.

According to BCGL, the RiO Family Office is an investment fund of Rafal Brzoska – the originator, creator, and CEO of Integer Capital Group, an e-commerce delivery platform whose flagship company is InPost. The fund operates as a single-family office headquartered in Warsaw that oversees, controls, and manages a diversified portfolio of investments.

PartyDeco is a producer of special event decorations in Europe that offers over 5,000 unique products for birthday parties, weddings, first communion, and baptism receptions, and other special occasions and holidays. The company ships its products to customers in over 70 countries.

The BCGL team included Partner Maciej Czekanski and Counsel Magdalena Dudziec-Kosnik.

The CMS team included Partner Slawomir Czerwinski, Counsels Jaroslaw Gajda and Maciej Olejnik, Senior Associate Przemyslaw Karolak, Associates Dominika Pietkun, Karina Zielinska-Piatkowska, Michal Tutaj, Agnieszka Gorecka, and Agata Pawlak, and Lawyers Michal Horelik, Aleksandra Dalecka, Marta Tarkowska, and Monika Piepiorka.

The Deloitte Legal team included Partner Tomasz Ciecwierz, Partner Associates Robert Semczuk and Mariusz Banas, and Associates Piotr Wojcik, Sylwia Karpinska, and Michal Oles.

Former Clifford Chance Senior Associate Rafal Burda has joined Orlen Synthos Green Energy as Head of Legal in Poland.

Orlen Synthos Green Energy was established by PKN Orlen and Synthos Green Energy, both of which actively implement their sustainable development strategies with zero-emission energy generation as a main focus.

Before his move in-house, Burda spent over a year as a Senior Associate with Clifford Chance. Earlier, he spent almost four years with CMS, between 2018 and 2022. Earlier still, he worked for DLA Piper between 2013 and 2018.

Burda received his law degree from the University of Warsaw in 2013.

Originally reported by CEE In-House Matters.

Linklaters has advised Czech retail investment fund Investika Realitni Fond on its acquisition of the Royal Trakt Offices in Warsaw from real estate investor Patrizia SE. Dentons advised Patrizia.

According to Linklaters, Royal Trakt Offices is “one of the most unique office buildings in Warsaw, located on Aleje Ujazdowskie, among numerous embassies, governmental institutions, boutique office buildings, and high-end hotels. Constructed in the 1870s, this gem of architecture was fully refurbished and redeveloped in 2005.” It currently offers approximately 3,200 square meters of modern office space, leased to a diversified mix of tenants.

The Linklaters team was led by Counsel Adriana Andrzejewska and included Managing Associate Ewa Sinkiewicz.

The Dentons team included Poland Co-Managing Partner Bartlomiej Kordeczka, Counsel Arkadiusz Debski, and Associate Alicja Grabowska.

Former Dentons Head of PPP/Infrastructure Tomasz Korczynski has joined Greenberg Traurig in Warsaw as a Partner and Head of the firm’s Infrastructure and Government Contracts practice.

Korczynski specializes in infrastructure projects in Poland, with a focus on those with a public component. Before joining Greenberg Traurig, he spent almost ten years with Dentons, joining in 2013 as a Counsel and Co-Head of the PPP practice, and spending the last four and a half years as a Managing Counsel and Head of PPP/Infrastructure.

Korczynski joins his new team together with Associate Katarzyna Stochnialek.

“I am thrilled to join Greenberg Traurig and to be entrusted with the task of building and leading the Infrastructure and Government Contracts practice in Poland,” Korczynski commented. “The firm’s commitment to excellence and its ability to stay ahead of industry trends resonate with my own professional values.”

“This strategic move is a clear reflection of our commitment to excellence,” Managing Partner Jolanta Nowakowska-Zimoch added. “Tomasz and Katarzyna’s wealth of experience will undoubtedly bolster our Infrastructure and Government Contracts capabilities, reinforcing the leading position of GT in the market, and seamlessly complementing our established multidisciplinary practice areas, such as Energy and ESG.”

WKB Lawyers has advised GreenVolt Power on a preliminary agreement for the sale of shares in companies developing the Sompolno and Opalenica renewable energy projects to Energa Wytwarzanie. Bird & Bird and Grant Thorton reportedly advised Energa Wytwarzanie.

The EUR 107 million transaction remains contingent on regulatory approval. According to WKB, the transaction includes the hybrid wind-photovoltaic Sompolno project and the Opalenica photovoltaic farms, with a combined capacity of 58.6 megawatts.

GreenVolt Power is an international wind & solar developer operating in more than 15 countries and with a total pipeline of 6.7 gigawatts. 

Energa Wytwarzanie is part of the Energa Group, a Polish energy company and electricity supplier.

The WKB team included Partner Grzegorz Godlewski, Attorney at Law Malgorzata Studniarek, and Lawyer Mateusz Malinowski.