Month: June 2021

Rymarz Zdort advised CS Group Polska S.A. (“CS Group”), controlled by Innova Capital (“Innova”), in connection with the refinancing of existing indebtedness and obtaining additional term and revolving credit facilities under a credit facility agreement concluded with mBank S.A.

CS Group supports more than 50,000 small and medium-sized businesses in Poland and the broader CEE region by delivering a wide array of digital solutions related to online presence and automation of sales processes.

Innova is a leading CEE-oriented private equity fund, which has established six investment funds with a total value of EUR 1.1 billion, with almost 60 investments across 10 countries in the CEE region.

The transaction team advising CS Group and Innova Capital comprised Marcin Iwaniszyn, partner and co-head of the banking and finance practice of Rymarz Zdort, and associates Jakub Czerka and Maria Słomska.

Rymarz Zdort advised Pfleiderer Polska sp. z o.o.  and its subsidiaries (“Pfleiderer“, the “Group“) in connection with obtaining financing in the form of a revolving credit facility (RCF) of up to PLN 200 million under a credit facility agreement concluded with a consortium of three major banks.

The facility allowed the Group members to finance their liquidity and to use a number of banking products required in connection with their current operations.

Pfleiderer is one of the leaders in the wood-based materials industry in Poland and Europe.

Marcin Iwaniszyn, a partner and co-head of the banking and finance practice of Rymarz Zdort, supervised the team working on the financing, which also included associate Jakub Czerka, who was responsible for providing day-to-day financing advice, and associate Krystian Kurgan.

Rymarz Zdort advised ProService Finteco sp. z o.o. on its acquisition of 100% of the shares in Moventum sp. z o.o., the parent company of Moventum S.C.A based in Luxembourg. The Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has already granted its approval to the transaction.

The ProService Finteco Group is a leading company in its field, operating as a transfer agent offering settlement, fund valuation and corporate accounting services. It also provides associated IT technologies and solutions. The company is owned by funds managed by Oaktree Capital Management and Cornerstone Partners.

Moventum services more than 40,000 customers in over 120 countries worldwide and offers over 10,000 products, including ETFs and other securities. Moventum cooperates with more than 1,600 financial advisors, and has offices in five countries – Luxembourg, Germany, Austria, Poland and the Czech Republic.

The team that advised on the transaction was headed by managing partner Paweł Zdort, who was supported by counsel Jakub Krzemień and senior associate Aleksandra Kabać. The work related to the due diligence of the company was managed by partner Monika Kierepa. Advice related to acquisition financing was provided by partner Zofia Frydrychowicz, who was supported by associates Jakub Czerka and Wiktor Zień.

Rymarz Zdort together with Setterwalls Advokatbyrå AB advised CEPD N.V. on its investment in Admenta Sweden AB, the operator of the LloydsApotek chain of pharmacies. The transaction comprised the acquisition of 100% of the shares in Admenta Sweden AB from the company’s current shareholder.

LloydsApotek operates 76 pharmacies in Sweden and offers complete e-commerce services with access to a broad selection of self-care products.

CEPD N.V. is a highly experienced and knowledgeable health care company in Europe with its head office in the Netherlands. CEPD N.V. operates the fifth largest chain of pharmacies in Europe with over 1,300 pharmacies in Poland, Lithuania and Sweden.