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.