We are pleased to announce that we advised Bounty Brands Europe Limited (“Bounty Brands”) on the sale of 100% of its shares in Stella Pack Europe sp. z o.o., being the majority shareholder of Stella Pack S.A. (“Stella Pack”) holding 60% of the shares in Stella Pack, to Sarantis Polska S.A. (“Sarantis”). The other party involved in the transaction was FORUM 87 FIZ, a closed-end investment fund which sold a 40% stake of its shares in Stella Pack to Sarantis. The transaction was subject to customary closing conditions and the approval of the antimonopoly authorities in the countries where Stella Pack conducts its business activities. In December 2023, the Office of Competition and Consumer Protection granted consent to the acquisition of Stella Pack by Sarantis. The transaction was completed in January 2024.
Bounty Brands is a diversified consumer brands company that acquires and develops leading brands in the sectors of apparel, groceries, home and personal products.
Stella Pack is a leading player in the production and distribution of household products, boasting 25 years of successful business activity in product categories including garbage bags, food packaging and household cleaning items.
Sarantis is a multinational consumer products company with a leading presence in Eastern Europe and is expanding its geographical footprint through its subsidiaries and strong export activities worldwide.
The transaction was handled by Paweł Zdort (managing partner), supported by Aleksander Jakubisiak (associate), Małgorzata Banaszkiewicz (senior associate) and Natan Fischer (associate). Antitrust aspects of the transaction were overseen by lawyers from the antitrust practice, including Iwona Her (partner) and Tomasz Kordala (senior associate). Advice on the financing aspects of the transaction was provided by: Jakub Rachwol (partner) and Filip Książczak (associate). Tax support was provided by Artur Ciechomski (senior associate).