We advised the Avallon MBO fund in the process of preparing, negotiating and signing transaction documentation for the acquisition of a majority stake in SAT sp. z o.o.

We advised the Avallon MBO fund in the process of preparing, negotiating and signing transaction documentation for the acquisition of a majority stake in SAT sp. z o.o., based in Poznań – a company developing the S’portofino brand. Our support also included conducting the legal due diligence process. The closing of the transaction is conditional in particular on obtaining the approval of the President of the Office of Competition and Consumer Protection.

The transaction was led by Maciej Kozuchowski, partner, legal counsel together with Katarzyna Olszak, senior associate, legal counsel, with the support of Majka Rucińska, senior associate. The due diligence team was coordinated by Katarzyna Olszak. Bernadeta Kasztelan-Świetlik, partner, legal counsel, and Karolina Olszewska, associate, were responsible for the antitrust analysis and preparation of the application for approval by the President of the OCCP.

SAT sp. z o.o. has been operating since 1990, originally as a distributor and representative of premium sports brands, specializing in ski-related offerings. The company is present in the Polish market, as well as in foreign markets, functioning as a concept combining sports and fashion. It is a carefully selected and chosen portfolio of more than 110 premium brands for the discerning customer, as well as a strong e-commerce site, sportofino.com. The company is betting on omnichannel sales based on a network of 7 flagship stores located in prestigious locations in Poland, and after entering foreign markets in 2018, it is also seeing rapid growth in the online channel in Europe. Wholesale is also an important part of SAT sp. zo.o.’s business.

Avallon MBO is an experienced and trusted investor in management buyouts. For almost 25 years it has been investing in companies together with managers. He has participated in more than 100 transactions, and the total value of the funds that he has accumulated for investment purposes is more than €300 million.

This is the seventh transaction under Avallon MBO Fund III, and the second in the last month (both of which were executed with GESSEL’s support).