Rymarz Zdort Maruta advises on management buyout of KAN, owner of Tatuum fashion brand

We are pleased to announce that we advised Paweł Kapłon and KAN sp. z o.o. (the “Company”), the owner of Tatuum, a fashion brand from Łódź, in the management buyout of the existing shareholders of the Company by Paweł Kapłon and in refinancing the Company’s debt.

The EUR 20 million debt financing for the management buyout will be provided by AMC V Venus SARL, a fund managed by Accession Capital Partners (“ACP”).

Our assistance included providing comprehensive support for the Company in connection with obtaining new financing from BNP Paribas Bank Polska S.A. to refinance the Company’s existing debt, and in connection with ACP providing mezzanine financing for the management buyout of the shareholders and stockholders of the Company’s group by Paweł Kapłon. We also advised on the implementation of the target ownership structure of the group.

Once Paweł Kapłon has taken full control of the Company, his plans are to increase its brand recognition in Europe by further developing its physical store and e-commerce sales, increasing revenue generated abroad, and attracting a major industry investor in the future.

The transaction team included Paweł Zdort (managing partner) and Diana Sofu (senior associate). Legal assistance in obtaining financing was provided by Jerzy Rostworowski (counsel), with the support of Engjell Sokoli (associate) and Maksymilian Kaszubowski (associate) under the supervision of Dr Jakub Rachwol (partner). The antitrust aspects of the transaction (obtaining the approval of the President of the Office of Competition and Consumer Protection) were supervised by Iwona Her (partner) and Irmina Wątły (counsel).