Category: Deals and projects

We are pleased to announce that we advised DUON Dystrybucja sp. z o.o. in connection with the conclusion of an agreement with PAK CCGT sp. z o.o., a subsidiary of ZE PAK S.A., ensuring the supply of gas fuel to a combined cycle gas turbine (CCGT) unit located in Turek.

The agreement was concluded for a period of five years. After its expiry, if neither party terminates their cooperation, the agreement will be automatically extended for another five years. Settlements between the parties under the agreement will be based on the gas market indices of the Polish Power Exchange (TGE), i.e. the TGEgasID index (intra-day gas market) and the TGEgasDA index (day-ahead gas market).

DUON Group specialises in the supply of network natural gas and liquefied natural gas (LNG). It has its own infrastructure, consisting of distribution networks and LNG regasification stations.

ZE PAK is a company that generates energy from conventional sources and through the combustion and co-combustion of biomass. Its capital group includes four lignite-fired power plants and two power plants additionally equipped with biomass co-combustion installations.

The Rymarz Zdort Maruta team consisted of Marek Durski (partner), Adrian Augustyniak (counsel) and Barbara Gawin (associate).

We are pleased to announce that we advised the Grant Thornton Advisors platform on the addition of Grant Thornton Polska to the multinational platform that it formed in 2025 with support from a group of investors led by New Mountain Capital.

As a result of the transaction, the Grant Thornton Advisors platform will strengthen its presence in eastern Europe and create an opportunity for Grant Thornton Polska to accelerate its growth in the local market. The addition of Grant Thornton Polska to the Grant Thornton Advisors platform means the addition of over 1,200 professionals and USD 70 million (PLN 249 million) in annual revenue.

More information about Grant Thornton Polska and the Grant Thornton Advisors platform is available here: https://grantthornton.pl/en/article/grant-thornton-advisors-completes-deal-with-polish-firm-expands-multinational-platform-in-europe/

The transaction team included: Paweł Zdort (managing partner), Małgorzata Deruś (counsel), Filip Golędzinowski (associate), Gabriela Kingston (associate), Magdalena Mentrak (associate) and Przemysław Nycz (associate).

We would like to express our sincere appreciation to Simpson Thacher & Bartlett LLP and Stibbe (acting as co-counsel to Grant Thornton Advisors) for their excellent cooperation.

We are pleased to announce that we advised GKSD S.r.l. (“GKSD”) and Gruppo San Donato (“GSD”) on the acquisition of a 27.78% stake in the share capital of American Heart of Poland S.A. (“AHP”), AHP Logistyka sp. z o.o. and Healthcare & Hospitality Providers sp. z o.o. for EUR 250 million. After the completion of the transaction, GSD will hold 97.78% of the share capital of the AHP Group.

GSD is the largest private healthcare network in Italy and one of the leading European companies operating in the healthcare sector.

AHP is the largest independent provider of comprehensive cardiovascular care in Europe and one of the largest private healthcare providers in Poland, focusing on supporting the public healthcare system.

The transaction team included Paweł Zdort (managing partner), Małgorzata Deruś (counsel), Joanna Ksepko (associate), Gabriela Kingston (associate) and Engjell Sokoli (associate).

We are pleased to announce that we advised Synthos S.A. on signing an agreement with ORLEN S.A. to sell 100% of its shares in S54. S54 is a company that is building a new butadiene extraction unit in Płock. The transaction is valued at approximately PLN 692 million. The agreement also includes a package of supporting agreements that will strengthen the relationship between the companies and pave the way for future collaboration.

Synthos S.A. is one of the largest producers of chemical raw materials in Poland. 

ORLEN S.A. is an integrated multi-energy company that operates mainly in Central Europe, selling its products in over 100 countries on six continents.

The transaction team consisted of Dr Łukasz Dynysiuk (Partner), Jakub Krzemień (Partner), Anna Wesołowska (Senior Associate) and Hanna Szczepańska-Rowicka (Associate).

We congratulate our client on the successful completion of this transaction and thank them for the opportunity to work on the project. This is yet another example of Rymarz Zdort Maruta’s status as a trusted partner for implementing the largest infrastructure transactions on the market.

We are pleased to announce that our team advised the founders of Unilogo Robotics, one of the fastest growing Polish companies in the industrial robotics industry, in the process of procuring two investors: Resource Partners and the European Bank for Reconstruction and Development (EBRD).

As part of the transaction, the investors acquired a majority stake in Unilogo Robotics, and its founder will remain involved in the company’s operations. The investment will enable Unilogo Robotics to accelerate its international expansion through organic growth and acquisitions, which will allow it to expand its product portfolio, strengthen its service capabilities and enter new markets.

Unilogo Robotics specialises in the design and manufacture of integrated robotic lines for filling and packaging liquid products, combining proprietary software with modular hardware design. The company’s solutions provide ultra-fast changeovers, high operational efficiency (OEE) and format flexibility.

Resource Partners is an independent private equity fund, operating since 2009, which invests in Central and Eastern Europe on behalf of leading financial institutions.

EBRD is one of the largest institutional investors in Poland – since 1991, it has invested over EUR 16 billion in the country, supporting the development of the private sector and entrepreneurship.

The advisory team involved in the transaction included Paweł Zdort (managing partner), Małgorzata Deruś (counsel) and Szymon Rutecki (associate).

Congratulations to the teams at Unilogo Robotics, Resource Partners and EBRD!

We are pleased to announce that our team advised Dalkia Polska sp. z o.o., a company belonging to the French EDF Group (Électricité de France), on the acquisition of 100% of the shares in Edison Next Poland sp. z o.o. and its subsidiary Edison Next Services Poland sp. z o.o. from Edison Next S.p.A.

The addition of the Edison Next Poland companies to the Dalkia Polska Group gives customers access to an even broader portfolio of services. The new entities, operating in Tychy, Bielsko-Biała, Rzeszów, Krosno and Zawiercie, will bring extensive experience in energy infrastructure management, implementation and financing of energy efficiency projects, implementation of green technologies (including renewable energy sources and decarbonisation solutions) and environmental services.

Dalkia Polska combines a full range of energy services for industry with integrated climate protection measures and operates and develops services for the provision of heat in the Silesian-Dąbrowa conurbation. Working with clients from various industries, Dalkia takes into account the individual needs and capabilities of different sectors of the economy to provide decarbonisation solutions that enable them to achieve greater energy independence and reduce CO₂ emissions.

Edison Next Poland specialises in energy and environmental services that reduce its clients’ operating costs.

“We are very pleased to have been able to advise Dalkia Polska on a project that not only strengthens its presence in the energy services sector, but also supports the implementation of innovative green solutions. Thank you for your trust,” says Marek Durski, a partner heading the Energy & Natural Resources practice at Rymarz Zdort Maruta.

The transaction team included Marek Durski (partner), Jakub Krzemień (partner) and Klaudia Kasztelewicz (senior associate). Tomasz Kordala (counsel) provided support in the area of competition law.

We are pleased to announce that we advised Ocean Winds in connection with securing approximately EUR 2 billion in project financing from a consortium of international financial institutions (including the European Investment Bank and Instituto de Crédito Oficial), 13 commercial banks (both international and local) and hedge providers to develop the BC Wind offshore wind farm, with a capacity of up to 390 MW.

This project is among the first large-scale offshore wind projects in the Polish part of the Baltic Sea to advance to the construction phase and represents Ocean Winds’ inaugural project in Poland.

Once operational, BC Wind will generate electricity capable of powering nearly 500,000 homes each year and supporting the country’s energy transition and alignment with EU climate targets. The project is expected to contribute to further investment in Polish renewables, strengthen local supply chains and create new jobs in the region. BC Wind has a 25-year Contract for Difference which was awarded by Poland’s Energy Regulatory Office.

Rymarz Zdort Maruta advised Ocean Winds in connection with the transaction as the Polish counsel, alongside Orrick which acted as international counsel.

Ocean Winds is a 50-50 joint venture of EDP Renewables and ENGIE, and is global leader in offshore wind development.

“We are proud to have supported Ocean Winds on this milestone project for the Polish economy, acting as local counsel alongside Orrick as international counsel, and Crédit Agricole CIB as financial advisor. Our involvement in this successful transaction highlights Rymarz Zdort Maruta’s market-leading expertise in offshore wind projects and underscores our active role in shaping the Polish offshore sector from its very beginning.” said Łukasz Lech (partner).

The Rymarz Zdort Maruta team was led by Łukasz Lech (partner), Marek Durski (partner) and Jakub Rachwol (partner), with valued support from Marcin Gruszka (counsel), Adrian Augustyniak (counsel), Andrzej Granat (senior associate), Maksymilian Kaszubowski (associate), Barbara Gawin (associate) and Natalia Martynowicz (associate).

We are pleased to announce that we advised BEST S.A. on the establishment of the bond issuance programme for up to PLN 1 billion and the first issue of unsecured bonds under such programme with a value of PLN 100 million. The sole arranger and dealer was Bank Polska Kasa Opieki S.A.

The BEST Capital Group plans to allocate the funds raised from the bond issuance primarily to the purchase of new debt portfolios in all four markets in which BEST is actively present, which is one of the elements of the BEST Capital Group’s strategy following its merger with Kredyt Inkaso S.A.

We would like to thank BEST S.A. for their trust and excellent cooperation, and congratulate them on the largest bond issuance to date. We would also like to thank Bank Polska Kasa Opieki S.A. for their excellent cooperation on this transaction.

The transaction team included: Zofia Frydrychowicz (partner co-heading the Banking and Finance practice) and Przemysław Kopka (senior associate).

We are pleased to announce that we advised Bank Polska Kasa Opieki S.A. in connection with arranging a senior preferred and senior non-preferred bond issue programme of up to PLN 50 million established by Bank Spółdzielczy Rzemiosła w Krakowie and the issuance of senior non-preferred three-year bonds thereunder with a value of PLN 50 million. The sole arranger and bookrunner was Bank Polska Kasa Opieki S.A.

We would like to thank Bank Spółdzielczy Rzemiosła w Krakowie and Bank Polska Kasa Opieki S.A. for their trust and excellent cooperation in this transaction. We would also like congratulate the issuer on its first senior non-preferred  bond issuance.

The transaction team included Zofia Frydrychowicz (partner co-heading the Banking & Finance practice), Adam Puchalski (partner of the Regulatory practice) and Przemyslaw Kopka (senior associate in the Banking & Finance practice).

With our support, Dutch fund Pluralis B.V. (“Pluralis”) has entered into an investment agreement with Polskie Towarzystwo Wspierania Przedsiębiorczości S.A. (“PTWP”).

The agreement covers the transfer of approximately 56% of the shares in Gremi Media (publisher of Rzeczpospolita and Parkiet) from Pluralis to PTWP, as well as the terms and conditions of Pluralis’ investment in PTWP and, indirectly, Gremi Media.  Following the transaction, Pluralis will hold a 23% stake in PTWP, becoming a minority shareholder. 

The contribution of the shares in Gremi Media to PTWP is planned for 18 December, following the adoption of resolutions by the general meeting of PTWP. 

Prior to concluding the investment agreement with PTWP, Pluralis B.V. repurchased shares in Gremi Media S.A. from the Hungarian group Central International Kft. representing 13.43% of the share capital. As a result, the combined share of the share capital of Gremi Media S.A. held by Pluralis B.V. reached 56.82%. Rymarz Zdort Maruta also advised on this transaction.

Pluralis B.V. is a Dutch investment company based in Amsterdam that focuses on investments in media companies. Its shareholders and investors include renowned European media companies, foundations and investors such as the King Baudouin Foundation, the Oak Foundation and the Media Development Investment Fund.

PTWP Group is a Polish media group and event organiser. It specialises in creating integrated communications solutions, including developing and publishing specialised business portals, facility management, and organising congresses, conferences and other events.

Gremi Media S.A. is one of Poland’s leading media groups, focusing on economic and business information, and offering a digital portfolio of services for professionals and senior management.

“We are grateful for the trust placed in us and the opportunity to support our client in this landmark transaction. The partnership between the Dutch fund and the Polish media and event group is more than just a merger of two entities — it marks a new chapter in the media market and will set new industry standards. It is an honour to be able to participate in such a strategic undertaking,” says Dr Łukasz Gasiński, partner, co-head of the Financial Regulatory practice. 

The transaction team included: Dr Łukasz Gasiński (partner), Adam Puchalski (partner) and Diana Sofu (counsel). Aleksandra Modzelewska (senior associate) provided support in relation to intellectual property law matters. Iwona Her (partner) and Tomasz Kordala (counsel) supported the team on antitrust matters.