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Expansion of partnership and promotions to the position of counsel at Rymarz Zdort

Pursuing its intensive development strategy following its spin-off from Weil, Gotshal & Manges, Rymarz Zdort increased the number of its partners by twelve lawyers.

As a result of the 2020 promotions, the following persons have become new partners of the firm: Karina Aust-Niewiadomska, Ewa Bober, Marek Durski, Piotr Fedorowicz, Zofia Frydrychowicz, Monika Kierepa, Dr Marek Maciąg, Magdalena Pyzik-Waląg, Krzysztof Sajchta, Dr Jakub Zagrajek, Jacek Zawadzki and Łukasz Żak. In addition, Leszek Tokarski, who co-heads the tax department of the firm, also became a partner effective as of 1 January 2020, as previously announced.

From the left: Łukasz Zak, dr Marek Maciag, Magdalena Pyzik-Walag, dr Jakub Zagrajek, Karina Aust-Niewiadomska, Jacek Zawadzki, Zofia Frydrychowicz, Marek Durski, Monika Kierepa, Piotr Fedorowicz, Krzysztof Sajchta and Ewa Bober.

The new partners represent both the traditional leading practice areas such as Corporate/M&A, Capital Markets, Private Equity, Banking & Finance, Restructuring & Insolvency, Litigation/Arbitration, as well as those areas that have substantially developed in recent years, i.e. Energy & Natural Resources, White-Collar Crime, and Real Estate/Construction.

In addition, eight lawyers, i.e. Jerzy Bombczyński, Aleksandra Dobrzyńska-Grezel, Marek Kanczew, Jakub Krzemień, Filip Leśniak, Katarzyna Łukaszewicz, Dr Jakub Rachwol and Irmina Trybalska, have been promoted to the position of counsel.

From the left: Jerzy Bombczynski, Katarzyna Lukaszewicz, Jakub Krzemien, Aleksandra Dobrzynska-Grezel, Filip Lesniak, Irmina Trybalska, Marek Kanczew and dr Jakub Rachwol.

Ares Management Corporation and Griffin Real Estate take control of Murapol

Rymarz Zdort advised a joint venture between a fund managed by the Real Estate Group of Ares Management Corporation and Griffin Real Estate in connection with the acquisition of 98.04% of the shares in Murapol.

Murapol is one of Poland’s largest residential property developers, having sold nearly 3,700 apartments in 2019.

The transactional team was headed by Pawel Zdort, a managing partner of Rymarz Zdort, and also comprised partners Piotr Fedorowicz and Monika Kierepa, and senior associates Karolina Bakowska, Tomasz Bakowski, Aleksandra Kabac, Jerzy Rostworowski, Barbara Skardzinska and Izabela Szponar, as well as associates Jakub Cichuta, Tomasz Karkowski, Arkadiusz Karwala, Aleksander Jakubisiak, Michał Szczepanski, Weronika Szyszka, Aleksandra Sliwa and Sebastian Zielinski.

Rymarz Zdort among market leaders in the Polish edition of Chambers Global 2020

The recent issue of the Chambers and Partners Global 2020 ranking again recognised Rymarz Zdort as one of the top law firms for Capital Markets: Equity and Corporate/M&A. In addition, the firm was placed in Band 3 for Banking & Finance.

Our attorneys received individual recognitions in the following categories:

Corporate/M&A

  • Pawel Rymarz (Band 1)
  • Pawel Zdort (Band 1)
  • Filip Uzieblo (Band 3)
  • Łukasz Gasinski (Band 4)

Capital Markets: Equity

  • Marcin Chylinski (Band 1)
  • Paweł Rymarz (Band 1)
  • Paweł Zdort (Band 1)
  • Ewa Bober (Band 3)
  • Łukasz Gasinski (Band 4)
  • Jacek Zawadzki (Band 4)

Dispute Resolution

  • Andrzej Miklas (Band 4)

Banking & Finance

  • Marcin Iwaniszyn (Up and Coming)

Congratulations to all the recognised attorneys and their teams for their outstanding achievements.

Rymarz Zdort advised on four out of the five largest transactions on the Polish market in 2019 based on a ranking published by Forbes

A recent issue of the Polish edition of Forbes magazine published its annual top-ten list of the most high-profile and largest M&A transactions in Poland in 2019. Rymarz Zdort advised on five out of the ten largest deals, including four out of the top five. The firm advised on two transactions with a value exceeding PLN 5 billion, i.e. in connection with the takeover of Orbis by AccorInvest and the purchase of the DCT facility by Polski Fundusz Rozwoju, PSA International and IFM Investors. Rymarz Zdort also provided legal advice in connection with Accor’s acquisition of Orbis’s rights to hotel brands and the hotel services business (light asset acquisition), the investment of Griffin and PIMCO in the Polcom Group, as well as the takeover of Echo Investment by the Hungarian real estate development company Wing. The aggregate value of the above-mentioned transactions stands at almost PLN 14 billion.

“This ranking serves as yet another confirmation of the trust that Polish and foreign clients have in our law firm. I am pleased that we are the go-to business partner for legal services for the largest and most complex M&A transactions”, said the managing partner, Pawel Rymarz.

Founders launch successful public offering of shares in Ten Square Games by way of an accelerated bookbuilding

The law firm of Rymarz Zdort provided legal advisory services to the selling shareholders, Maciej Popowicz and Arkadiusz Pernal, in connection with the public offering of shares in Ten Square Games S.A. conducted by way of an accelerated bookbuilding.

As a result of the transaction, the founders and major shareholders of Ten Square Games sold 963,574 existing ordinary shares in the company representing 13.31% of its share capital and a corresponding percentage of the votes at the general meeting thereof. The offering was only addressed to selected investors that met specific criteria, including to qualified institutional buyers in the United States (in reliance on Regulation S and Rule 144A under the US Securities Act of 1933, as amended). WOOD & Company Financial Services, a.s. acted as the sole global coordinator in relation to the offering. The final price per share in the offering was set at PLN 230, which resulted in the overall value of the offering amounting to more than PLN 221 million. Following the completion of the transaction, the selling shareholders remain strategic shareholders of the company (with Maciej Popowicz holding 31.39% and Arkadiusz Pernal holding 14.54% of the shares) and intend to continue to support its further development.

The transaction team comprised: Paweł Zdort (managing partner), Ewa Bober (corporate department partner), and Arkadiusz Karwala (associate).

Active Ownership Capital invests in Polski Bank Komórek Macierzystych

The law firm Rymarz Zdort advised the Active Ownership Capital fund in connection with its investment in Polski Bank Komórek Macierzystych (the Polish Stem Cell Bank).

The firm’s support included advising the client on optimising the transaction structure, increasing the share capital of PBKM through the issue of shares for the benefit of an entity from Active Ownership Capital’s group, and a follow-on tender offer for 66% of shares in PBKM.

Work on the project was personally managed by Paweł Rymarz, managing partner and by Jacek Zawadzki, a partner in the firm’s corporate department. The team comprised Aleksander Jakubisiak (associate) and Michał Szczepański (associate).

Vectra takes over Multimedia Polska

Rymarz Zdort provided comprehensive legal services to the Vectra group in connection with the takeover of Multimedia Polska S.A.

The services provided by Rymarz Zdort included advice on the acquisition of 100% of the shares in Multimedia, the procurement of financing for the acquisition of the shares in Multimedia, which financing was extended by a consortium of Polish and international financial institutions, as well as the refinancing of the existing indebtedness of the Vectra and Multimedia groups. In the course of the transaction, the President of the Competition and Consumer Protection Office issued a merger clearance decision that included, in addition to a structural condition concerning the sale of the chain in eight cities, an unprecedented condition based on which consumers were entitled to switch their operator in 13 other locations.

The transaction, which took more than one and a half years to complete, was closed on 31 January 2020. Following the transaction, the expanded Vectra group is able to provide services to more than 1.7 million subscribers and reach 4.4 million households, which is more than the existing market leader, UPC Polska.

“We are immensely proud that the client placed their trust in us in connection with a transaction that was highly complex and required in-depth expertise in various areas of the law. Being able to advise on a transaction with that level of complexity confirms our firm’s leading position on the legal services market in the area of M&A and acquisition finance, as well as our capacity for providing comprehensive legal services. We are pleased to have been able to support Vectra in a project that will change the Polish cable operator market by creating a new leader on such market”, said Paweł Zdort, a managing partner of the firm.

The transaction team was led by Paweł Zdort and Jacek Zawadzki, partners from the corporate and M&A departments. The team included Monika Kierepa, a corporate partner and the individual who coordinated the work of the team that conducted the due diligence of the Multimedia group, as well as Leszek Cyganiewicz (senior associate), Aleksander Jakubisiak (associate), and Monika Michałowska (associate).

Comprehensive acquisition finance and refinancing advice was coordinated by Marcin Iwaniszyn, a partner and the head of the banking and finance practice. The team comprised Jerzy Rostworowski (senior associate), Dr Jakub Rachwol (counsel), and Robert Smigielski (associate).

The antimonopoly team was headed by Iwona Her, a partner and the head of the competition protection practice. The team further comprised Leszek Cyganiewicz (senior associate), Irmina Trybalska (counsel), and Weronika Szyszka (associate).

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