GESSEL advises Enterprise Investors on its investment in BISAR S.A.

16.12.2022 News Mergers and acquisitions (M&A) Competition and consumer law

Polish Enterprise Fund VIII, one of the funds managed by Enterprise Investors, will take a 40% stake in BISAR S.A. – a dynamically growing process outsourcing company established in 2015, presently expanding into new markets around Central and Eastern Europe – for a capital commitment of PLN 125 million.

GESSEL advised Enterprise Investors on various aspects of this complex project, performing due diligence, drawing up and negotiating the transaction documents, and preparing the antitrust filing (finalisation of the transaction remains contingent upon clearance from UOKiK).

Marcin Macieszczak, our managing partner, led a multidisciplinary team whose members included Michał Boryczka, managing associate (coordinator of the due diligence studies), Krzysztof Jasiński, managing associate and Diana Strzałkowska, senior associate (working on the transaction documentation), and Bernadeta Kasztelan-Świetlik, partner and Karolina Olszewska, associate (working on the antitrust aspects).

Enterprise Investors, whom GESSEL is proud to count among its clients of long standing, is a leading private equity firm focused on Central and Eastern Europe. Active since 1990, EI currently manages nine funds which have invested and committed a total of EUR 2.2 billion, taking stakes in 152 companies and effectuating 136 exits (many of these investments and subsequent exits involved GESSEL as counsel).

Authors

Marcin Macieszczak

Managing partner
Attorney-at-law

Mergers and acquisitions (M&A) | Private Equity

Marcin Macieszczak

Marcin Macieszczak

Managing partner
Attorney-at-law

Marcin joined GESSEL law firm in 1999. In 2007, he became a partner, and in 2017 – managing partner. He leads the firm's Mergers and Acquisitions (M&A) and Private Equity practices. Marcin specializes in capital transactions in the public and private markets. He has over 20 years’ experience advising on M&A transactions, both on the seller's and buyer's side. An important part of Marcin's practice is working with private equity and ven...

Bernadeta Kasztelan-Świetlik

Partner
Attorney-at-law

Competition and consumer law

Bernadeta Kasztelan-Świetlik

Bernadeta Kasztelan-Świetlik

Partner
Attorney-at-law

After a brief period as a junior judge, Bernadeta developed an interest in competition law, then a new discipline in early 1990s Poland. After her first stint at UOKiK, she spent one year leading the legal department of UPC and then joined GESSEL in 2001. In 2014, after moving to the head office of UOKiK, she oversaw the authority’s activities in the realms of corporate concentrations, market collusions, and abuse of dominant market positions....

Michal-Boryczka

Michał Boryczka

Managing Associate
Attorney-at-law

Corporate law | Mergers and acquisitions (M&A)

Michał Boryczka

Michał Boryczka

Managing Associate
Attorney-at-law

With GESSEL since 2004. Initially joined our tax law team, then gained experience in capital markets and M&A before assuming a senior role at our corporate law practice. Several years of experience gained in many areas of law allow him to take an interdisciplinary approach to the cases he handles. Currently, his main specialties comprise corporate reorganizations, both domestic and cross-border (he has advised on a number of cross-borde...

Krzysztof Jasiński

Managing Associate
Attorney-at-law

Mergers and acquisitions (M&A) | Private Equity | Corporate law

Krzysztof Jasiński

Krzysztof Jasiński

Managing Associate
Attorney-at-law

Krzysztof joined GESSEL in 2016 as an associate. He has been a senior associate since 2017 and a managing associate since 2021. As part of his practice, he leads M&A transactions and supervises and coordinates the work of junior lawyers and the transaction team. He advises private equity funds, private investors, and start-ups, acting on both the seller and buyer sides. Krzysztof analyses and drafts documents at every stage of the transact...

Diana Strzałkowska

Senior Associate
Attorney-at-law

Mergers and acquisitions (M&A)

Diana Strzałkowska

Diana Strzałkowska

Senior Associate
Attorney-at-law

Joined GESSEL in 2019, having previously worked with an international private equity fund and with a Polish law firm specializing in M&A and PE/VC.  

Karolina Olszewska

Associate

Competition and consumer law

Karolina Olszewska

Karolina Olszewska

Associate

Karolina’s professional focus is consumer protection law (including reviews of general terms and conditions and contract templates, proceedings before the Office of Competition and Consumer Protection concerning violation of collective consumer interests) and competition law (advice on merger notifications and securing antitrust clearance for concentrations, competition-inhibiting practices – especially abuse of dominant market position by enterp...

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