GESSEL advises Anwim S.A. on its investment in the eMila petrol stations network
GESSEL supported Anwim S.A., a leading Polish petrol station operator (and a portfolio company of the Enterprise Investors fund), during its investment in the eMila self-service fuel stations network. Thanks to this transaction, Anwim will be primed to significantly increase the number of fuel stations operating under its Moya brand. The transaction remains subject to fulfilment of certain conditions precedent agreed upon by the parties.
GESSEL advised on all stages of the transaction, including due diligence, negotiations, and the antitrust aspects.
GESSEL has worked with Enterprise Investors on its original investment in Anwim S.A. – https://gessel.pl/news/kancelaria-gessel-doradca-enterprise-investors-przy-inwestycji-w-anwim-sa-prowadzacej-siec-stacji-paliw-moya/.
Anwim S.A. operates a network of over 250 petrol stations under the Moya brand. Apart from selling fuel, the Moya locations feature the company’s Caffe MOYA food counter, a convenience store, a car wash, and facilitations for business customers.
eMILA is a network of self-service petrol stations covering the major Polish cities. The fully automated model – individual motorists fill up their own tanks and pay at the pump – enables eMILA to offer a competitive service time and attractive fuel prices (the usual cost items borne by petrol stations, most notably payrolls, are cut out).
Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has nine funds with total capital exceeding EUR 2.5 billion. These funds have invested EUR 1.9 billion in 143 companies across a range of sectors and exited 128 companies with total gross proceeds of EUR 3.7 billion.
The GESSEL team working on this project was led by Krzysztof Jasiński, senior associate, supported by Paulina Maciąg, associate and Bartłomiej Woźniak, managing associate. Krzysztof Jasiński also led the due diligence team composed of Paulina Maciąg, Agnieszka Nowacka, Anna Haciuk, Diana Strzałkowska and Iwona Gielo-Benza. Overall responsibility for the project on our firm’s part rested with Marcin Macieszczak, managing partner.
The antitrust aspects of the project – delicate insofar as the deal involved two entities competing closely in a highly regulated market – were handled by Karolina Krzal-Kwiatkowska, senior associate, working under the supervision of Bernadeta Kasztelan-Świetlik, partner.