MFW Fiałek advised ČSOB (a Czech bank from the KBC Group) on the Polish aspects of the financing provided to enterstore a.s. for the acquisition of 4kraft sp. z o.o.

The Client was advised by a team comprising Mirosław Fiałek – Partner, Mariusz Domagała – Senior Associate, Franciszek Furmaniak – Junior Associate and Agata Mulawa – Intern.

Parties of transaction

Československá obchodní banka (ČSOB) is one of the largest financial institutions in the Czech Republic, headquartered in Prague. The bank provides comprehensive financial services to individuals, businesses, and public sector clients. Its offering includes banking accounts, loans, investment services, leasing, and insurance. ČSOB is part of the Belgian-based KBC Group, which operates across Central and Eastern Europe.

Our advice

MFW Fiałek together with DRV Legal advised Jet Investment a.s. fund on the signing of the acquisition of 65% shares in Plastiwell International S.A. and its subsidiaries: Polplast Polska sp. z o.o., Tarnwell Polska sp. z o.o and TMR Plastics sp. z o.o..

The scope of our advisory services included comprehensive support throughout all stages of the process, including: preparation, negotiation, and execution of the Share Purchase Agreement (PSPA) and the Shareholders’ Agreement (SHA), together with accompanying documentation; preparation of an incentive program; conducting due diligence, obtaining W&I insurance; acquisition of a special purpose vehicle; preparation of management agreements; and representation in proceedings before the Polish Office of Competition and Consumer Protection (UOKiK).

The closing of the transaction is subject to the approval of the President of the Office of Competition and Consumer Protection for the concentration.

The transaction team was led by Miroslaw Fialek – Partner and Mariusz Domagala – Senior Associate.

The transaction team also included Krzysztof Drzymała – Senior Associate, Maciej Kiraga – Associate and Bartosz Romanowski – Associate. In addition to the above-mentioned individuals, the due diligence team included: Michał Kret – Senior Associate, Paweł Siwiec – Senior Associate, Wojciech Lichterowicz – Senior Associate, Natan Fischer – Associate, Jakub Wilk – Associate, Franciszek Furmaniak – Junior Associate, Maksymilian Gnat – Junior Associate, Agata Mulawa – Intern.

Parties of transaction

Jet Investment is a Czech private equity firm with more than 25 years of experience, specializing in investments in the industrial sector in Central Europe. They focus on medium-sized industrial and manufacturing companies, but the scope of their investments covers a broad spectrum of industries.

Plastiwell International is a company specializing in the production of synthetic products, mainly for the automotive industry.

MFW Fiałek advised Novastone Capital Advisors and the remaining shareholders on a transaction that included, among other elements, the sale of shares in Formeds to Enterprise Investors, as well as the reinvestment of an existing shareholder into a holding company that became the indirect owner of Formeds.

Our advice

Our law firm provided comprehensive legal support in the transaction, including negotiations and work on the transaction documentation, which covered, among others, the share purchase agreement, the shareholders’ agreement, and ancillary documents. The closing of the transaction is expected at the beginning of the third quarter of 2025, subject to obtaining the required regulatory and antitrust clearance.

We would like to extend our sincere thanks to our clients, in particular Waldemar Pilch and Novastone Capital Advisors, for their trust and for giving us the opportunity to advise on the fund’s first exit in Poland. We congratulate our clients and Formeds on its impressive growth and strengthening its strong position as one of the most popular vitamin and supplement brands in the country. We are proud to have been part of this success and congratulate all parties on an excellent outcome. We wish continued growth and success with the new partner — says Rafał Siemieniec, Partner in the M&A and Private Equity practice at MFW Fiałek.

The transaction team was led by Rafał Siemieniec – Associate Partner, with key involvement from Wojciech Lichterowicz – Senior Associate. Other team members included Paweł Siwiec – Senior Associate, Maciej Kiraga –  Associate, Bartosz Romanowski – Associate, and Agata Mulawa – Intern.

Parties of the transaction

ForMeds was founded in 2012 and has specialized in the production of dietary supplements without chemical additives since its inception, offering its products both domestically and internationally. In 2022, MFW Fiałek had already advised on a previous sale of shares in ForMeds, that time to the Novastone Capital Advisors fund, which acted as the seller in the current transaction.

Novastone Capital Advisors is a global firm, founded by the Single Family Offices consortium, which supports, among other things, Private Equity investors and the searchers in the acquisition processes of portfolio companies through Operator-Led Search Fund Program.

MFW Fiałek advised the V4C fund on the acquisition of a majority stake (51%) in Univio S.A.

Our advice

The scope of our advisory services included comprehensive support throughout all stages of the process, including: preparation, negotiation, and execution of the Share Purchase Agreement (PSPA) and the Shareholders’ Agreement (SHA), together with accompanying documentation; preparation of an incentive program; conducting due diligence, including coordination of the due diligence of the German subsidiary; obtaining W&I insurance; acquisition of a special purpose vehicle; preparation of management agreements; and representation in proceedings before the Polish Office of Competition and Consumer Protection (UOKiK). The closing of the transaction is subject to the approval of the President of the Office of Competition and Consumer Protection for the concentration.

The transaction team was led by: Mirosław Fiałek – Partner, Paweł Siwiec – Senior Associate, and Krzysztof Drzymała – Senior Associate.

The transaction team also included: Mariusz Domagała – Senior Associate, Jakub Wilk – Associate, and Maksymilian Gnat – Junior Associate. In addition to the above-mentioned individuals, the due diligence team also comprised: Wojciech Lichterowicz – Senior Associate, Maciej Kiraga – Associate and Franciszek Furmaniak – Junior Associate.

Parties of the transaction

Value4Capital (V4C) is a private equity fund manager. It focuses on investments in lower-mid market service companies in Poland and other Central European EU countries. Value4Capital actively supports its portfolio companies in their organic growth and add-on acquisitions.

Univio is a Polish IT company headquartered in Wrocław, specializing in digital transformation for enterprises. The company provides comprehensive consulting and technology services, including the implementation of B2B and B2C e-commerce solutions, business process automation, development of data-driven IT systems (including AI, BI, and machine learning), as well as cloud and integration services.

MFW Fiałek advised the shareholders of InEwi sp. z o.o. on the sale of shares of the company to Symfonia sp. z o.o.

Our advice

Our advisory services comprised comprehensive support in the transaction, including negotiations and work on the transaction documentation consisting of, among other matters, the share purchase agreement and ancillary agreements. In addition, the law firm participated in the work on the documentation for the rollover structure, including the shareholders’ agreement and the execution documents.

The transaction team was led by Mirosław Fiałek – Partner and Rafał Siemieniec – Associate Partner. In addition, the transaction team included Jakub Wilk – Associate.

Parties of the transaction

InEwi Sp. z o.o. is a Polish company based in Bielsko-Biała, specializing in developing software for workforce management. Its main product is the inEwi application, which enables companies to track working hours, schedule shifts, manage electronic leave requests, and oversee business trips.

Symfonia Sp. z o.o. is a Polish company based in Warsaw, specializing in providing software solutions that support business management. Its portfolio includes systems that streamline key business areas such as finance and accounting, HR and payroll, trade, production management, and electronic document workflow. Private equity funds MidEuropa and Accel-KKR have invested in the company.

MFW Fiałek advised Penta Hospitals Poland on the acquisition of 100% of the shares in Proaltum sp. z o.o. and Majątek Malechowo sp. z o.o.

Our advice

The firm’s advisory services covered the full transaction process, including the preparation and negotiation of the share purchase agreement, support during the transaction closing, and assistance in securing transactional insurance.

The transaction team was led by Mirosław Fiałek – Partner, Paweł Siwiec – Senior Associate, and Maciej Kiraga – Associate. The team also included Jakub Wilk – Associate, Natan Fischer – Associate, Franciszek Furmaniak – Junior Associate, Maksymilian Gnat – Junior Associate, and Agata Mulawa – Intern.

Parties of the transaction

Penta Hospitals Poland is the largest private hospital owner in Poland’s private healthcare market. It manages 20 hospitals and 18 outpatient clinics across the country.

Grupa ProAltum operates over 300 beds across two facilities located near major urban centers, providing care services to both domestic and international clients.

We’re proud to share that MFW Fiałek has once again been recognized in the Mergermarket Global & Regional M&A Legal Advisory Rankings – this time for Q1 2025!

In the current rankings, we were listed in two areas:

🌟 Poland Ranking by deal count – 1st position
🌟 CEE Ranking by deal count – 8th position

While individual deal values remain confidential and are therefore not disclosed in the official Mergermarket ranking, we can share that the total value of the transactions meeting Mergermarket’s criteria and closed by our firm in Q1 2025 exceeded USD 150 million.

A heartfelt thank you to our Clients for their continued trust, and to our incredible Team for consistently going above and beyond!

The Private Equity market in Central and Eastern Europe has faced its share of challenges recently, from valuation discrepancies to rising financing costs.

However, despite these difficulties, the market has not experienced a dramatic downturn. Investors have remained pragmatic, adjusting strategies to navigate the evolving landscape without major disruption. Key sectors attracting capital included technology, healthcare, and logistics.

Poland maintained its position as the region’s most attractive and active market, supported by economic stability, a predictable regulatory landscape, and a strong pipeline of opportunities.

We would like to share a summary of selected PE transactions we have advised on in 2024, offering a snapshot of market activity and investor interest over the past year.

Many thanks to all our clients operating in the private equity market with whom we had the opportunity to work in the past year. It was a real pleasure for us to assist you in the expansion of your operations.

The beginning of 2025 is bringing a wave of great news for MFW Fiałek!

We are very happy to share that our law firm has been recognised in The Legal 500 ranking in the Private Equity (Poland) category in Tier 3.

A huge thank you to our Clients – your trust and recommendations made this possible. We truly appreciate your ongoing support! We also want to express our gratitude to our incredible team!

Full ranking results are available here: https://lnkd.in/ew2k7UXR