GESSEL advises the R22 Group on acquisitions in Romania

GESSEL provided comprehensive legal advice to the R22 Group on its acquisition of three hosting entities in Romania – Gazduire Web, mxHost and xServers. Consequent to these take-overs, to the aggregate value of EUR 5.3 mln, the R22 Group is poised to command over 15% of the internet hosting and domains market.

Our firm’s services included, in particular, drafting of the transaction documentation, negotiations and support at closing.

The GESSEL team assigned to this project worked under the supervision of Karol Sokół, managing associate, with day-to-day management by Michał Osowski, associate.

The R22 holding group comprises a dynamically developing association of tech companies at the cutting edge of e-commerce. The group has adopted a focus on scalable services offered  on a subscription basis and in accordance with the SaaS (Software as a Service) model. Various R22 companies are active all along the value chain, creating original solutions, implementing them in their technological aspects, selling and delivering after-sales service to customers.