Category: Deals and projects

We are pleased to announce that we advised Bidfood on the negotiation of a sale agreement and the acquisition a 26,000 sqm plot of real estate in Łódź, as well as on the conclusion of an investment management agreement between Bidfood and Panattoni.

The investment will be developed in a build-to-own (BTO) formula and will become a central distribution warehouse for Bidfood. The facility will be designed for the distribution of food products and will be equipped with refrigerated and frozen storage zones. The project also envisages solutions aimed at increasing energy efficiency, such as a photovoltaic installation and heat recovery systems. The plot is located in the Widzew district of Łódź, directly adjacent to the A1 motorway junction.

Our team was led by Piotr Fedorowicz (partner), and included: Leszek Tokarski (partner), Krzysztof Rembierz (partner) and Tomasz Bąkowski (senior associate).

Bidfood is a nationwide Polish distributor of food and services for the HoReCa sector, serving over 17,000 catering and hotel establishments.

Panattoni is one of the largest private industrial real estate developers in the world and a leader on the European market. The company has 70 offices in North America, India and Europe.

Blackstone Infrastructure has entered into an agreement to invest up to EUR 2 billion in Eurowind Energy, a leading European renewables developer and independent power producer. The investment will provide capital to accelerate Eurowind Energy’s development activities. Rymarz Zdort Maruta acted as local counsel for Eurowind Energy with regards to legal vendor due diligence for relevant assets in Poland. We acted together with Kromann Reumert that was the Lead Legal Counsel for the transaction.

Eurowind Energy A/S is a Danish company that specialises in the development, construction and operation of renewable energy parks. Its activities span across wind, solar, hydrogen, biogas, power to heat, and battery solutions.

Blackstone Infrastructure is an active investor across the energy, transportation, digital infrastructure, and water and waste infrastructure sectors. It seeks to apply a long-term buy-and-hold strategy to large-scale infrastructure assets, with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield.

The Rymarz Zdort Maruta team comprised: Marek Durski (partner), Adrian Augustyniak (counsel), Barbara Gawin (associate), Anna Sosna (associate), Natalia Martynowicz (associate), Maksymilian Kaszubowski (associate) and Kacper Królikowski (associate).

More details: https://eurowindenergy.com/insights/blackstone-infrastructure-to-invest-up-to-2-billion-in-leading-pan-european-renewables-developer-eurowind-energy

We are pleased to announce that Rymarz Zdort Maruta provided advice on Polish law to underwriters in connection with the issuance by the State Treasury of the Republic of Poland, represented by the Minister of Finance and Economy, of treasury bonds with a value of USD 6 billion on the US market.

The transaction involved the issuance on 14 April 2026 of: (i) USD 1 billion in bonds due in 2031 and bearing interest at the rate of 4.625% per annum; (ii) USD 2.5 billion in bonds due in 2036 and bearing interest at the rate of 5.375% per annum; and (iii) USD 2.5 billion in bonds due in 2056 and bearing interest at the rate of 6.125% per annum.

The issuance of the bonds was conducted on the US market on the basis of, among other things, the Registration Statement and the Prospectus Supplement filed with the United States Securities and Exchange Commission (SEC).

Advice on US law was provided by the law firm Latham & Watkins, with which Rymarz Zdort Maruta cooperated closely.

This is yet another transaction on which Rymarz Zdort Maruta advised, following the issuance of Polish treasury bonds valued at USD 8 billion in 2024 and USD 5.5 billion in 2025.

The transaction team included Dr Adam Puchalski (partner), Dr hab. Łukasz Gasinski (partner and co-head of the Financial Regulatory practice) and Julia Kosiniak (associate).

We are pleased to announce that we advised mBank S.A. on financing of up to EUR 22 million relating to the acquisition of all of the shares in the company owning the BTS distribution center (46,000 sqm) of Kaufland in Bydgoszcz, by Accolade and Conseq.

The team was led by Marcin Gruszka, counsel in the Banking & Finance Practice, and included Engjell Sokoli (associate). The team was supervised by Dr Jakub Rachwol, the partner heading the Banking & Finance Practice at Rymarz Zdort Maruta.

We are pleased to announce that we advised ZDROWIT S.A. on its financing of an amount of up to PLN 400 million. The financing was provided by Bank Pekao S.A., PKO Bank Polski S.A. and mBank S.A., with mBank S.A. acting as facility agent and security agent.

The Rymarz Zdort Maruta team was led by Dr Jakub Rachwol (partner) who heads the Banking & Finance practice, and included Przemysław Kopka (senior associate), Augustyna Porzucek (associate), Engjell Sokoli (associate) and Filip Książczak (associate) from the Banking & Finance practice. Regulatory advice was provided by Tomasz Kaczyński (partner).

We are pleased to announce that we advised Volkswagen Financial Services Polska sp. z o.o. on the issuance of 2-year secured fixed coupon bonds with a value of PLN 200,000,000 under a PLN 5 billion bond issue programme. The role of sole arranger and dealer was carried out by Bank Pekao S.A.

We thank Volkswagen Financial Services Polska sp. z o.o. for their trust in us and their collaborative assistance, as well as congratulate them on the fixed coupon bond issuance under such difficult market circumstances.

The advice was provided by Przemysław Kopka (senior associate) under the supervision of dr Jakub Rachwol (partner).

We are pleased to announce that we advised BEST S.A. on the establishment of a public bond issuance programme for up to PLN 500 million or the equivalent amount in EUR, on the preparation of the prospectus regarding such programme, and subsequently on the proceedings concerning the approval of the prospectus by the Polish Financial Supervision Authority and the first issuance of unsecured bonds under such programme with a value of PLN 134,217,400.00. The role of investment firm and lead manager was performed by the brokerage house Michael / Ström Dom Maklerski.

We would like to thank BEST S.A. (Aleksandra Żylewicz, Marek Murawko, Natalia Kukulska and Maciej Kozdryk) for their trust in us and collaborative assistance, as well as congratulate them on the bond issuance. We would also like to thank Michael / Ström Dom Maklerski (Marek Żmudzin, Maciej Jasikowski Rafał Kozioł and Piotr Jankowski) for their excellent cooperation on this transaction.

The transaction team was led by Aleksandra Dobrzyńska-Grezel (partner) and included Adam Puchalski (partner), Przemysław Kopka (senior associate), Maciej Kowalski (senior associate) and Bartłomiej Skwarliński (associate).

We are pleased to announce that we advised VECTRA S.A., a leading telecommunications services provider and the largest cable operator in Poland, and its subsidiaries on financing provided by a consortium of lenders comprising Bank Pekao S.A., Santander Bank Polska S.A., BNP Paribas Bank Polska S.A., PKO Bank Polski S.A., mBank S.A. and Bank Gospodarstwa Krajowego.

The financing, in the total amount of approximately PLN 3 billion, is aimed at supporting the further development and growth of VECTRA Group’s nationwide telecommunications infrastructure, including the expansion and modernisation of its network through the increased use of fibre-optic technology, as well as its continued M&A activities and development of new digital services and TV offerings.

VECTRA Group is one of the key players in the Polish telecommunications market, providing a wide range of services, including broadband internet, digital television and telephony. The Group continues to pursue its long-term strategy focused on infrastructure investments, technological transformation and the strengthening of its leading market position.

The core transactional team included Dr Jakub Rachwol, partner heading the Banking & Finance practice, and associate Filip Książczak from the same practice. They were supported by Adrian Więsław (senior associate) and Augustyna Porzucek (associate).

We are pleased to announce that we advised Czechoslovak Group (“CSG”), one of Europe’s largest defence groups, on the acquisition of Domar sp. z o.o., a Polish distributor and manufacturer of electrical connection systems.

This transaction has helped CSG expand its portfolio of companies and continue its international expansion. The acquisition of a company with over 25 years’ experience in the European market strengthens the group’s position as one of the fastest-growing defence contractors in the world and one of the leaders in the European defence industry.

“This transaction confirms the trust placed in us by clients in the defence sector. We are delighted to have played a significant role in a project that strengthens our position in this dynamically developing market segment.” says Paweł Zdort, managing partner.

Czechoslovak Group is a privately owned technology and industrial group operating on a global scale, specialising in the production of defence systems, solutions for the armed forces and civilian technologies. CSG comprises over 100 subsidiaries, which are present in more than 70 countries worldwide. The group was listed on the Amsterdam Stock Exchange this year, and its debut is the world’s largest IPO to date of a company operating exclusively in the defence sector.

Domar is a Polish distributor and manufacturer of electrical connection systems that has been operating on the European market since 1997.

The transaction team comprised: Paweł Zdort (managing partner), Dr Paweł Mazur (counsel) and Hanna Szczepańska-Rowicka (associate). The following lawyers also worked on the transaction: Monika Gierałtowska-Karpowicz (counsel), Tomasz Kordala (counsel), Jakub Kowal (counsel), Weronika Papucewicz (counsel), Tomasz Bąkowski (senior associate), Michał Nawrocki (senior associate), Jakub Stebelski (senior associate), Jan Bednarski (associate), Barbara Gawin (associate), Jakub Giedronowicz (associate), Justyna Niezgoda (associate), Engjell Sokoli (associate), Bartosz Ulczycki (associate) and  Karol Wojtkowski (associate).

We are pleased to announce that we advised the majority shareholders of OSHEE Polska S.A. (“OSHEE”), including its founders Dariusz Gałęzewski and Dominik Doliński, in connection with the exit of Innova Capital through the sale of a minority block of shares in OSHEE to the international fund MidEuropa Partners.

The founders of OSHEE will retain a majority stake and will continue to set the strategic direction for the company’s development.

The transaction is expected to close in 2026, subject to regulatory approvals and other closing conditions.

Innova Capital has been an investor in OSHEE for seven years. During this time, the company’s organic revenue has almost quadrupled, reaching over PLN 750 million in 2025, and its EBITDA has increased more than fivefold.

MidEuropa Partners will bring its extensive experience in the consumer sector to the company and will support the next stage of OSHEE’s development through further innovation, product portfolio expansion and geographical expansion into target markets.

OSHEE is a brand of functional beverages and products that support an active lifestyle. Its portfolio includes isotonic, vitamin and energy drinks, protein bars, and dietary supplements. OSHEE products are available in 55 countries around the world, and their quality and effectiveness are confirmed by numerous partnerships with sports clubs, federations and individual sports ambassadors.

The transaction team included Paweł Rymarz (managing partner), Paweł Zdort (managing partner), Aleksandra Kabać (counsel) and Joanna Ksepko (associate). Iwona Her (partner) and Justyna Niezgoda (associate) advised on antitrust aspects.