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.