We are pleased to announce that we advised the bankruptcy trustee of Getin Noble Bank and Idea Bank on the sale of a total holding of approximately 86.83% of the shares in Noble Funds TFI, a fund management company, to VeloBank. The proceeds from the sale of the fund management company will go to the creditors of the bankrupt banks.
Noble Funds TFI specialises in creating and managing open-end and closed-end investment funds, provides asset management services involving the management of individual securities portfolios, and offers investment consultancy.
VeloBank is a universal bank based in Warsaw that was established on 3 October 2022 as a result of the resolution of Getin Noble Bank S.A. carried out by the Bank Guarantee Fund.
The transaction was led by Magdalena Pyzik-Waląg (Managing Partner). The core transaction team comprised: Filip Leśniak (partner) and Diana Sofu (counsel). The team was further supported by Mateusz Palian (senior associate) and members of the regulatory practice: Dr hab. Łukasz Gasiński (partner), Katarzyna Łukaszewicz (partner), dr Łukasz Karasek (counsel) and Adam Drgas (associate).