GESSEL advises CVI on a transaction for financing an MBO of 100% of the shares in Krosno Glass S.A.

GESSEL provided comprehensive legal advice to a fund co-managed by CVI Dom Maklerski Sp. z o.o. on the transaction for financing a management buy-out of Krosno Glass S.A.

Consequent to this transaction, the SPV established for its purpose acquired a 100% stake in Krosno Glass S.A., a leading glassware producer.

GESSEL supported CVI and the SPV at all stages of the project, including drafting of the transaction documentation and the bank documentation as well as closing.

GESSEL’s work on this transaction was supervised by Małgorzata Badowska, partner; Karol Sokół, advocate led a team composed of Krzysztof Jasiński, attorney, Mateusz Bąk, trainee attorney and Barbara Tomczyk, trainee advocate.

The attendant due diligence work was overseen by Michał Boryczka, attorney, with Karolina Krzal, advocate, Artur Kruszewski, attorney, Marta Grabiec, advocate, Paulina Rudowicz-Jastrzębska, attorney, Piotr Tracz, trainee advocate and Katarzyna Olszak, trainee attorney contributing.

CVI Dom Maklerski (CVI) is an independent investment house and a leading provider of non-bank finance to businesses in Poland and around Central and Eastern Europe. Since 2012, CVI (as Credit Value Investments) has completed more than 700 transactions, including 450 private debt deals. Its assets under management add up to PLN 5,6 billion, divided into seven closed-end investment funds.

Krosno Glass S.A. is one of Poland’s largest producers of glassware. The Krosno Glass facility in south-eastern Poland produces iconic wares noted for timeless design, functionality and loving finish (in the case of many product lines – by hand), exporting them to over 60 countries.