We are pleased to announce that we have provided comprehensive advisory services to Echo Investment S.A. (“Echo Investment”) and Archicom S.A. (“Archicom”) in connection with an in-kind contribution by Echo Investment to Archicom. Under the agreement concluded in April 2023, Echo Investment acquired new shares in the share capital of Archicom in exchange for an in-kind contribution of an organised part of the enterprise in the form of Echo Investment’s residential business division. The issue price at which Echo Investment acquired the new shares in Archicom was set at PLN 36.34 per share. The value of the in-kind contribution was estimated at nearly PLN 830 million.
Echo Investment S.A. is one of the largest real estate developers in Poland. The company invests in three main sectors of the real estate market: residential, retail and office development, focusing on the largest cities in Poland.
Archicom S.A. is a property development company operating for more than 30 years on the Polish market of commercial and residential real estate. The developer initially focused on the Wrocław market, but since 2017, it has also expanded its business to other Polish cities: Gdynia, Łódź, Warsaw, Poznań and Kraków.
We are delighted to be involved in a transaction that results in involving a nationwide developer with a strong position and high potential for further development and growth. We thank our customers for their trust and congratulate them on the successful consolidation of their business.
The transaction team included: Piotr Fedorowicz (partner) Marek Maciąg (partner), Aleksandra Pustiowska (senior associate), Izabela Skrzypczak (senior associate), Aleksandra Pietrzak (associate) and Kamila Banaś (associate).