We advised the Avallon MBO Fund III on its acquisition of a 70% stake in Letniskowo sp. z o.o.

GESSEL supported the Fund at all the stages of the transaction, conducting legal due diligence, drafting and negotiation of the transaction documentation (also with respect to sale and lease of real properties), fulfilment of the conditions precedent, and closing.

Avallon MBO is an experienced investment outfit with a single-minded focus on management buy-outs. For almost a quarter of a century, it has been working with managers who take stakes in their companies, participating in over 100 projects with an aggregate value in excess of EUR 300 mln.

Letniskowo is a builder of modern, all-season mobile homes, turning out approximately 500 units every year, of which 80% are exported (primarily to other EU markets). In 2022, Letniskowo posted sales of PLN 115 mln and had over 170 employees, and it is looking forward to robust growth.