GESSEL advised Bank Gospodarstwa Krajowego on the financing of the management buyout of the Jutrzenka group

GESSEL advised Bank Gospodarstwa Krajowego in connection with the provision of multi-million debt financing for the leveraged management buyout of shares in the Jutrzenka group companies, one of Poland’s leading confectionery manufacturers, as well as for the refinancing of a production facility and the financing of the group’s general corporate purposes. As a result of the transaction, Maciej Tryt, CEO of Jutrzenka Dobre Miasto sp. z o.o., became the majority shareholder of the company.

Jutrzenka Dobre Miasto was established in 1956 and specialises in the production of fudge, chocolate-covered plums and other confectionery products, exporting to more than 50 countries. In 2024, the company recorded revenue of approximately PLN 323 million.

GESSEL provided comprehensive legal advice to Bank Gospodarstwa Krajowego, including structuring the financing, and preparing and negotiating the financing and security documentation, as well as advising on the closing of the transaction.

“Management buyout financing transactions require a combination of expertise in banking, acquisition finance and security structures. We are pleased to have advised Bank Gospodarstwa Krajowego on this transaction involving a well-established Polish manufacturing company”, said Małgorzata Badowska, Partner at GESSEL.