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Rymarz Zdort advised the selling shareholders of ATM S.A., MCI.PrivateVentures (a subfund of MCI.EuroVentures 1.0) and AMC Capital IV Albatros S.à r.l. (a company advised by Mezzanine Management) on a transaction comprising the sale of 100% of the shares in ATM S.A. to Global Compute Infrastructure LP, a platform supported by Goldman Sachs Merchant Banking Division.

ATM is an IT company providing data transmission, collocation and internet access services to Polish and other telecommunications providers/operators, financial institutions and the media. It is the owner of the Atman network and three data centres. Its main shareholder, holding 98.33% of the shares, is AAW III sp. z o.o., a portfolio company of MCI.EuroVentures and AMC.

A conditional agreement was entered into on 17 October 2020, and the finalisation of the transaction will be subject to, among other things, antimonopoly clearances. On the basis of the concluded agreement, 796,099 shares in AAW III and 606,438 shares in ATM will be sold. The closing of the transaction is planned for the end of 2020.

“It was our first transaction with MCI and Mezzanine Management. We are proud to be involved in the largest exit, in terms of value, in MCI’s history. We would like to thank MCI and Mezzanine Management for their trust and great cooperation in the transaction process”, said Pawel Zdort, the managing partner of Rymarz Zdort.

The transaction team was supervised by Pawel Zdort. The team consisted of the following lawyers from the corporate department: Aleksandra Kabac, senior associate, and Aleksander Jakubisiak, associate, as well as Irmina Watly, counsel from the competition/antitrust practice, and Jerzy Rostworowski, a senior associate from the banking & finance practice, whereas Ewa Bober, a partner from the corporate department, advised on the structuring of the transaction.

It is our greatest pleasure to announce that Rymarz Zdort has again been recognised in a recent IFLR1000 ranking.

The recently published ranking regarded the M&A category, in which Rymarz Zdort has been ranked in Tier 1.

Additionally, nine lawyers of Rymarz Zdort have been recognised individually in this category.

Market Leader:

• Pawel Rymarz; and
• Pawel Zdort.

Highly regarded:

• Ewa Bober;
• Marek Durski;
• Dr hab. Lukasz Gasinski; and
• Iwona Her.

Rising Star:

• Dr Agnieszka Koniewicz

Notable Practitioner:

• Monika Kierepa; and
• Dr Filip Uzieblo.

Congratulations to all of the recognised attorneys and the M&A team.

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).

Rymarz Zdort is pleased to announce that in the most recent edition of the IFLR100 ranking it has been recognised as one of the best law firms in Poland for capital markets. The ranking also covered individual recognitions for private equity.

In the category Capital Markets: Equity, Rymarz Zdort has been recognised in Tier 1, and in Tier 2 for Capital Markets: Debt.

Several Rymarz Zdort lawyers have also been recognised individually for Capital Markets as well as Private Equity.

Market Leader recognitions:

• Marcin Chylinski (Capital Markets: Equity);
• Pawel Rymarz (Capital Markets: Equity, Private Equity); and
• Pawel Zdort (Capital Markets: Equity; Capital Markets: Debt, Private Equity).

Highly regarded recognitions:

• Ewa Bober (Capital Markets: Equity);
• Zofia Frydrychowicz (Capital Markets: Debt);
• Dr (hab.) Lukasz Gasinski (Capital Markets: Equity, Private Equity); and
• Marcin Iwaniszyn (Capital Markets: Debt).

Notable practitioner recognition:

• Monika Kierepa (Capital Markets: Equity);
• Dr Filip Uzieblo (Private Equity).

Congratulations to all recognised individuals and teams.

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

Rymarz Zdort advised PGNiG S.A. in connection with the execution of a five-year agreement with Klaipedos Nafta for the use of the entire capacity of its LNG (liquid natural gas) tanker truck reloading station in Klaipeda, Lithuania.

The conclusion of the contract enables the Polish company to import LNG by sea to Klaipeda starting from April 2020. The reloading station in Klaipeda in equipped with five LNG tanks, each with a capacity of 1000 m3, which enables the storage of 2,250 tons of LNG. Additionally, the installation enables the bunkering of ships powered by LNG engines. PGNiG’s bid won the tender process conducted by Klaipedos Nafta in autumn 2019.

“We are glad to have been able to work with PGNiG on a project that helps our client further develop their small-scale activities, in particular on the Lithuanian market. We wish to thank PGNiG for their continuing trust in our team”, said Marek Durski, the partner heading the energy and natural resources team at Rymarz Zdort.

The transaction was led by Marek Durski, the partner heading the energy and natural resources team at Rymarz Zdort, and Adrian Augustyniak, an associate from the same team.

Polskie Górnictwo Naftowe i Gazownictwo S.A. is the leader in the Polish natural gas market. It is a listed company operating in the field of the exploration for and production of natural gas and crude oil. Through its key companies, PGNiG is also active in the area of the import, storage, sale, and distribution of gas and liquid fuels, as well as heat and electricity generation.

In the latest issue of the report, Rymarz Zdort maintains first place in the ranking for Poland. The law firm has been ranked in first place in both league tables, both in terms of deal value and the number of deals. Furthermore, Rymarz Zdort has been ranked in second place in the league table in terms of deal value in the CEE region. According to the report, in the first half of 2020 Rymarz Zdort advised on six transactions with a total value of approximately USD 3.2 billion.

“We are extremely happy about the latest legal M&A league tables. Being ranked atop both tables serves as proof of the strong position of our new independent brand on the market and the trust our clients have in the team that we have built over the years, for which we are very grateful.” – commented Paweł Zdort, managing partner.

In the first half of 2020, Rymarz Zdort advised, among others, 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, Vectra group in connection with the takeover of Multimedia Polska S.A. and Innova Capital and OPTeam in connection with the sale of Centrum Rozliczen Elektronicznych Polskie ePlatnosci S.A. to Rementi Investments S.A.

Rymarz Zdort advised a company controlled by a fund managed by Aberdeen Standard Investments on the acquisition refinancing of one of its photovoltaic portfolios with an aggregate capacity of 42 MW, located in Poland. Previously, Rymarz Zdort advised on the acquisition itself.

The M&A and energy team was led by Marek Durski (partner) and comprised Jakub Krzemien (counsel) and associates Adrian Augustyniak (associate), Kacper Stanosz (associate) Andrzej Granat (associate), and Marta Szczepkowska (associate).

The banking team, supervised by Marcin Iwaniszyn (partner), was led by Dr Jakub Rachwol (counsel), who was assisted by Sebastian Mikina (associate), Robert Smigielski (associate), and Patryk Gelar (associate).