We advised Sescom S.A. and its major shareholders on a PLN 104 mln sale of a majority stake to Enterprise Investors

GESSEL is proud to have advised Sescom S.A. and its major shareholders on a PLN 104 mln sale of a majority stake to Enterprise Investors

Sescom is a Warsaw-listed provider of facility management services. Having brought on a new financial investor as a result of the present transaction, it is primed for further strengthening its position among the European leaders in its sector.

Closing of the transaction remains contingent upon antitrust clearance in Poland and in Serbia as well as upon a squeeze-out process concerning the shares in public trading. The transaction terms also provide for an equity boost from the new investor and, eventually, for taking Sescom S.A. private.

GESSEL supported Sescom and its shareholders at all stages of the transaction. We devised the overall deal structure, with due heed for the company’s public status and for the characteristics of investment by a private equity fund. We then proceeded to draft and negotiate the various transaction documents, complete with all and sundry materials concerning the squeeze-out and fulfilment of public disclosure duties.

We’re happy to add that this was the type of public M&A project that we particularly like here at GESSEL, in that it enables us to draw upon our strengths in the respective fields of private equity, mergers and acquisitions, and capital markets.

Our project team, led by Marcin Macieszczak, was composed of Michał Wieliński, Krzysztof Jasiński, and Marcin Walczak.

Advice on the antitrust aspects was provided by Bernadeta Kasztelan-Świetlik and Karolina Krzal-Kwiatkowska. Adam Kraszewski and Agnieszka Nowacka contributed their employment law expertise, and Dominika Ramírez-Wołkiewicz and Inarda Bielińska assisted with the tax aspects. Further support was provided by Maciej Kowalski, Michał Dunikowski, and Dominika Lara.

We take this opportunity to thank Sławomir Halbryt, Sławomir Kądziela, Magdalena Budnik, and Marek Kwiatkowski of Sescom, and also the Sescom shareholders, for the trust placed in our firm. Congratulations on a successful transaction, it has been a privilege to play a part in it.

Our heartfelt congratulations also go out to Sescom’s new investor –  Enterprise Investors and its deal team :Sebastian Król, Małgorzata Jędrzejczyk, Piotr Osiejuk, and Katarzyna Świątek.

It has been a pleasure to work with the teams assigned to this project by PWC (Adam Demusiak, Jerzy Budzyński, Magda Schroer, and Nadia Słomczyńska) and by IPOPEMA Securities (Marcin Bańkowski, Małgorzata Jurczak, and Mariusz Kociszewski). For the buyer’s side, we enjoyed the collegial discussions with the Baker McKenzie team of Marcin Chyliński, Łukasz Targoszyński, Jerzy Bombczyński, Joanna Lis, Anna Pawluczuk, and Marta Rykalovska. Thank you All for your hard work and professionalism !