Month: August 2020

The law firm of Rymarz Zdort is pleased to announce that in the most recent edition of Who’s Who Legal, Pawel Zdort, a managing partner of Rymarz Zdort, has been recognised among the group of recommended lawyers for Capital Markets – Debt & Equity.

Recognitions in the Capital Markets – Debt & Equity category are awarded to the most highly skilled practitioners who have distinguished themselves through their work advising issuers, underwriters, investment banks, funds, REITs and other market participants on all aspects of capital markets transactions.

Pawel is a renowned specialist in mergers and acquisitions, capital markets, and private equity transactions. His clients include public and private companies, private equity funds, underwriters and institutional clients from a variety of industries. He also has broad experience in corporate governance and hostile takeover defence issues. For many years Pawel Zdort has been recognised by international legal rankings such as Chambers & Partners, The Legal 500, IFLR1000, PLC Which Lawyer? and Expert Guides, as well as the local legal rankings of a leading Polish daily, Rzeczpospolita, and the Polish edition of Forbes, as one of the leading lawyers in Poland for corporate and M&A, equity capital markets, private equity and energy & natural resources.

Rymarz Zdort is pleased to announce that it has been recognised in the most recent rankings published by IFLR1000.

The ranking published today concerns Project Development. Rymarz Zdort has been ranked in Tier 1 in the Project Development: Power, and Tier 3 in the Project Development: Infrastructure categories.

In addition, Marek Durski, the head of the Energy & Natural Resources practice of Rymarz Zdort, received an individual Highly Regarded recognition in the Project Development category.

The results of other rankings will be published in due course.

Rymarz Zdort, as the lead transactional counsel, advised Innova Capital in connection with the auction sale of 100% of the shares in Trimo d.o.o. to Kingspan Group plc.

Slovenian company Trimo is a leading European provider of fireproof solutions for the construction of façades and roofs.

With Innova’s support, Trimo has increased its European market share and is currently the second largest manufacturer of mineral wool panels. The acquisition is a good strategic fit for Kingspan in respect of its product portfolio, positioning and geographic coverage. Once acquired by Kingspan, Trimo will be able to leverage its potential using Kingspan’s large international distribution network.

The finalisation of the transaction is subject to compliance with regulatory requirements and is expected to take place in the fourth quarter of 2020.

“We congratulate Innova on another successful transaction. We are pleased with the high level of trust that results from our long-term cooperation. Once again, we have proven our capabilities in handling transactions not only in Poland, but also in the entire CEE/SEE region, which is possible thanks to cooperation with local, verified advisors” said Pawel Zdort, a managing partner in Rymarz Zdort.

The firm’s transaction team was headed by Pawel Zdort and Dr Jakub Zagrajek, a partner in the Corporate Department, who were assisted by Aleksandra Kabac, a senior associate in the same department. The antimonopoly aspects of the transaction were handled by the Competition/Antitrust practice team, including Iwona Her, a partner, Irmina Watly, counsel, and Leszek Cyganiewicz, a senior associate. The transaction team was supported by local legal advisors Jadek & Pensa, a Slovenian firm, and Prica & Partners, a Serbian firm.

Rymarz Zdort advised the sellers on the transaction of the sale of 100% of the shares in Virgin Mobile Polska sp. z o.o. to P4 sp. z o.o., the operator of the Play mobile telecommunications network.

A preliminary agreement was entered into on 22 April 2020, but the finalisation of the transaction was subject to antimonopoly clearance. The closure took place on 6 August. The value of the transaction (the company’s enterprise value) was set at EUR 13.4 million. Following the acquisition, Virgin Mobile Polska will continue to operate under its current name.

“It was a complex transaction that required an all-embracing approach. We are proud that we could support the sellers of Virgin Mobile with our experience on a transaction that was executed in such a complicated market environment.” said Dr Jakub Zagrajek, a partner in the Corporate Department.

The firm’s transaction team was headed by Dr Zagrajek, and comprised Jerzy Bombczynski (counsel) and Aleksandra Kabac (senior associate).

Tax advice in connection with the transaction was provided by Robert Krasnodebski (partner), Marek Kanczew (counsel), Marek Sikorski (senior associate) and Michal Chyla (associate).

On the antimonopoly aspects of the transaction advised Iwona Her, partner  and Irmina Wątły (counsel).