Month: September 2022

We are pleased to announce that Rymarz Zdort advised Inelo Group on a transaction involving the acquisition of a majority stake in FireTMS.com sp. z o.o. (“FireTMS”).

The Inelo Group is an international leader in providing technological solutions for heavy duty transport in the CEE/SEE region. The company operates in 16 European markets and has equipped the TSL sector with digital GPS solutions and driver time analysis and settlement software for the past 20 years. Over 86 thousand vehicles in total are equipped with Inelo’s telematic devices, over 100 thousand drivers use the 4Trans software, and over 60 thousand drivers are cleared under OCRK. As part of the “one-stop-shop” strategy, the company has established business relations with over 14 thousand transport and logistics companies. Furthermore, Inelo provides 42 inspectorates in 23 countries with instruments used to control international road transport.

FireTMS offers transport management software for carriers and shippers in the region of Central and Eastern Europe, fully adapted for sale in foreign markets. The company currently has a network of 650 customers in Poland, the Czech Republic, Slovakia, Romania and Germany.

The acquisition of FireTMS will strengthen the Inelo Group’s position in CEE and will increase the geographical area of its product distribution to also cover new markets such as Romania and the Czech Republic. It will also complement the offer of telematics technology solutions with a tool based on an SaaS model and designed for small and medium-sized enterprises.

The closing of the transaction is subject to the satisfaction of conditions precedent as agreed in the relevant contract.

Rymarz Zdort provided comprehensive transactional assistance. The advising team comprised Paweł Zdort, Małgorzata Deruś, Jakub Krzemień and Jakub Wilk.

Transactional support was also provided by the due diligence team led by Monika Kierepa, and comprising of: Marek Kanczew, Barbara Skardzińska, Honorata Skibicka, Kamil Kłopocki, Kamila Banaś, Lidia Bronicka, Marcin Banak, Marta Szczepkowska, Michal Lulka, Szymon Marciniak, Maksymilian Kaszubowski.

We are pleased to announce that Rymarz Zdort supported Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG SA”) in negotiating a number of gas sales agreements for natural gas from the Norwegian Continental Shelf to be delivered via the Baltic Pipe gas pipeline through Denmark to Poland. Under the agreements between PGNiG SA and Equinor ASA group, a total of 2.4 billion cubic metres (bcm) of gas will be delivered to Poland annually over a period of ten years.

Equinor ASA is a Norwegian energy company, having operations in 36 countries. Focused on oil and gas production, it is focused on development in the renewable energy sector, investing primarily in offshore wind farms.

“The agreements entered into between PGNiG SA and companies from Equinor ASA group are aimed at guaranteeing stable supplies in turbulent times. The transaction, in which we had the opportunity to support our client, is another step towards making Poland independent from its current sources of gas supply and increasing Poland’s energy security,” says Marek Durski, partner heading the energy practice at Rymarz Zdort.

The advisory team comprised Marek Durski (partner heading the energy and natural resources practice), Andrzej Granat (associate) and Adrian Augustyniak (senior associate).

We are excited to announce that eight of our partners have been listed by IFLR1000 as being among the best legal advisors in Poland. These rankings were bestowed in three individual categories: “Market Leaders,” “Highly Regarded” professionals and “Notable Practitioners”.

Both managing partners, Paweł Rymarz and Paweł Zdort, have been awarded the title of “Market Leader” with respect to M&A and Private Equity. Additionally, Paweł Rymarz has been listed as a “Market Leader” in the Capital Markets (Equity) and Restructuring & Insolvency areas. The designation “Market Leader” is IFLR1000’s highest distinction and is reserved for lawyers that are not only leaders in their particular areas of expertise, but who have also advised on innovative deals of particular significance for the economy.

Furthermore, five Rymarz Zdort partners have been recognised as “Highly Regarded”, a title granted to professionals possessing a strong transactional record and consistently receiving positive peer and client feedback. Those include:

• Ewa Bober – Capital Markets (Equity) and M&A;
• Marek Durski – Project Development and M&A;
• Zofia Frydrychowicz – Banking, Capital Markets (Debt), and Real Estate Finance;
• Dr hab. Łukasz Gasiński – Capital Markets (Equity), Private Equity, and M&A;
• Iwona Her – M&A.

IFLR1000 has also recognised Monika Kierepa as a “Notable Practitioner” in the Capital Markets (Equity) and M&A fields. This title is awarded to individuals possessing a track record of advising on significant deals on the Polish market and in particular practice areas.

Apart from individual recognitions, Rymarz Zdort has also received top rankings in seven practice areas, namely: M&A, Capital Markets (Debt), Capital Markets (Equity), Banking, Project Development Power, Project Development Infrastructure, and Project Finance.

We are proud of these achievements and would like to thank our clients for their continued trust and positive feedback We would also like to congratulate all of the attorneys that have been recognised and those who contributed towards the recognition of the above-mentioned practice areas. Outstanding work!

More on this year’s IFLR1000 ranking results (edition 2022) can be found here: link