GESSEL advises Enterprise Investors and the founders of 3S S.A. in sale of a 100% stake to Play

GESSEL provided comprehensive legal support to one of the private equity funds managed by Enterprise Investors and to three of the company’s founders in sale of 100% of the shares in 3S S.A. to P4, a subsidiary of Play Communications. The public statement announcing this transaction puts the value of the business of 3S and its subsidiaries at EUR 96 mln (approximately PLN 410 mln), and the value of its equity – at EUR 78 mln (PLN 333 mln).

GESSEL’s input included, among other services, drafting the legal documentation and representation of the sellers in the negotiations.  

GESSEL’s transaction team was led by Maciej Kożuchowski, partner, supported by Bartłomiej Woźniak, advocate and by Katarzyna Olszak, trainee attorney.

GESSEL also had the privilege of advising Enterprise Investors at earlier stages of its involvement with 3S S.A. (see more).

Enterprise Investors, active since 1990, is one of the largest private equity players in Central and Eastern Europe, managing nine funds with aggregate capital in excess of EUR 2.5 bln which have invested more than EUR 1.9 bln in 143 companies in a broad range of sectors.

3S S.A. is a telecoms company active in southern Poland, with own infrastructure which includes 3,800 km of fibre optic lines and a data centre cluster. It provides comprehensive telecommunications, colocation and cloud computing services for business customers in its own name and through its subsidiaries 3S Data Center, 3S Fibertech and 3S BOX.