Rymarz Zdort Maruta advises Cerceda on purchase of 70% interest in Hymon Fotowoltaika

We are pleased to announce that we advised Cerceda sp. z o.o., a company owned by Kajima PARTNERSHIPS LIMITED (“Kajima”), and Griffin Capital Partners (“Griffin”) on the acquisition of a 70% interest in Hymon Fotowoltaika (“Hymon”), a Polish company specialising in photovoltaic installations. This is the second investment of this type by Kajima and Griffin on the Polish RES market. In September 2021, the companies announced the creation of a joint venture to finance and develop renewable energy investments in Poland.

Kajima PARTNERSHIPS LIMITED is a company investing in real estate, renewable energy sources and other infrastructure assets.

Griffin Capital Partners is one of the largest private equity and real estate investors and asset managers in Europe.

Hymon is a Polish company specialising in the realisation of photovoltaic power plants and the supply of heat pumps to households, and industrial and corporate customers.

The team advising on the transaction was headed by managing partner Paweł Zdort, who was supported by Jakub Krzemień (partner), Marzena Iskierka-Janota (senior associate), Jakub Wilk (associate), Szymon Rutecki (associate) and Michał Lulka (associate). Legal support in regard to the antitrust aspects was provided by Iwona Her (partner), Tomasz Kordala (senior associate) and Justyna Niezgoda (associate). Advice on the financing aspects of the transaction was provided by Jakub Rachwol (partner) and Augustyna Porzucek (associate).

We are pleased that we have had the opportunity to be involved in another transaction in the renewable energy industry, which is currently one of the fastest growing sectors in Poland. We would like to thank our clients for their trust and congratulate the team and all parties involved.