We are pleased to announce that Rymarz Zdort has maintained its top position in the Mergermarket Global and Regional M&A League Tables 1Q22 – Legal Advisors. We are the No.1 law firm in Poland in terms of number of deals and No. 1 in terms of deal value. Rymarz Zdort advised on 8 transactions with a total value of approximately USD 1.2 billion. We are also the only independent Polish law firm in the TOP 10 in terms of deal value in the CEE region.
Mergermarket gives intelligence, data and analysis and provides a comprehensive big picture of global M&A deals. We are happy that the transactions on which we advise are each time classified as the most significant transactions on the market.
In the first quarter of 2022 we took part in one of the most complex and demanding deals Rymarz Zdort has handled in recent years due to its immense complexity and the involvement of a large number of entities with which we held simultaneous negotiations. Rymarz Zdort supported Grupa LOTOS S.A. in its implementation of the remedies specified in the conditional decision of the European Commission regarding its consent to a concentration involving Polski Koncern Naftowy ORLEN S.A. taking control over Grupa LOTOS S.A. In connection with such remedies, we had an opportunity to advise Grupa LOTOS S.A. on the drafting and negotiation of several conditional share sale agreements pursuant to which Grupa LOTOS will transfer the following shares to an entity controlled by Saudi Aramco:
- 30% of the shares in LOTOS Asfalt sp. z o.o., the entity that will be operating the refinery in Gdańsk;
- 100% of the shares in a company to which an organised part of the wholesale fuel enterprise currently operated by LOTOS Paliwa sp. z o.o. will be carved out prior to the closing of the transaction; and
- 50% of the shares in LOTOS-Air BP Polska sp. z o.o.
Moreover, we advised Grupa LOTOS in connection with the negotiation of an agreement for the sale of 417 fuel stations to Hungary-based MOL Hungarian Oil and Gas Public Limited Company. We also supported Grupa LOTOS on the execution of a conditional agreement for the sale to a member of Unimot S.A. Group of 100% of the shares in LOTOS Terminale S.A., an entity engaged in the fuel logistics business (fuel depots). Finally, we advised Grupa LOTOS on the execution of a conditional agreement for the sale to Rossi Biofuel Zrt. of all of the shares in LOTOS Biopaliwa.
We also advised Ten Square Games S.A. on its acquisition of a 24.8% stake in the Polish gaming business Gamesture sp. z o.o., the Polcom Group on concluding a partial scheme of arrangement with a consortium of lenders and its subsequent merger with Volumetric Building Companies, and Innova Capital on the sale of 100% of the shares in Trimo to Belgium-based Recticel.
Our lawyers also advised the sellers of the Alseva Group on the signing of an investment agreement with Sunly, an investment group from the Baltic states and Norway. Rymarz Zdort additionally advised HigoSense, a Warsaw-based digital healthcare provider, and its founders in connection with a EUR 5 million Series A funding round led by Cogito Capital Partners and which included the participation of existing early-stage investors. Among other clients, the Rymarz Zdort team advised Electrum in connection with the negotiation of various agreements related to a joint venture between Electrum and Nofar Europe.
We would like to thank our clients for giving us the opportunity to participate in such interesting projects and for their continued trust and support, which give us positive energy and drive us to work hard and provide top-of-the-line legal services. Only good organisation and faith in the success of the team makes it possible to achieve success. Our law firm is proof of that.