Rymarz Zdort Maruta advised on the sale of 100% of the shares in Pfleiderer Polska

We are pleased to announce that we have advised Pfleiderer Polska (the “Company”) and Strategic Value Partners on the sale of 100% of the shares in the Company, as part of a corporate carve-out transaction relating to the Polish production facilities of the Pfleiderer Group, which is owned by funds managed by affiliates of Strategic Value Partners. The sale was made to Bogdan and Elżbieta Kaczmarek and the private equity fund Innova Capital. The transaction is expected to close in the first half of 2024, subject to the receipt of the required regulatory approvals, as well as the fulfilment of other customary conditions precedent.

The Pfleiderer Group is a producer of wood-based panels, laminates and resins for the Western European kitchen, furniture and building materials markets. Pfleiderer also produces speciality and industrial resins through one of its subsidiaries, Silekol, which are used in the Pfleiderer Group’s own products and by external customers operating in the board, packaging, construction and building materials industries.

Pfleiderer Polska is a manufacturer of wood-based panels. The company is headquartered in Wrocław and has three production facilities, two of which are in Grajewo and one in Wieruszów, with a workforce of approximately 1,100 employees. The Company is a supplier of solutions utilising wood-based materials for the furniture, construction and interior design industries.

Strategic Value Partners is a global investment firm focusing on loans, distressed debt and private equity. It currently manages more than USD 16 billion in assets and has invested nearly USD 41 billion in capital since its inception, including approximately USD 17 billion in Europe.

The transaction was overseen by Filip Leśniak (partner), who was assisted by Piotr Sławek (associate). Zofia Frydrychowicz (partner) and Adrian Więsław (senior associate) were responsible for issues related to the financing of the transaction. Tax advisory support was provided by Artur Ciechomski (senior associate) and Tomasz Wieczorek (associate).