GESSEL advises OEX S.A. on its investment in iPOS S.A.

GESSEL was proud to have supported OEX S.A., a leading Polish provider of sales and customer service technologies and solutions, in its investment in iPOS S.A. whereunder it will acquire new issue iPOS S.A. shares, leaving OEX S.A. with a majority stake.

This was the last in a sequence of projects in which our firm had the privilege of working for OEX S.A. (for more information about the deal, please see HERE).

GESSEL advised on all stages of the transaction, including formulation of the term sheet, the due diligence, and negotiation and drafting of the transaction documentation.

Our team working on this project was led by Krzysztof Jasiński, senior associate and included Paulina Maciąg, associate, Karolina Krzal-Kwiatkowska, senior associate (leading the due diligence team), Marta Grabiec, senior associate, Paulina Maciąg, associate, Karolina Olszewska, associate and Iwona Gielo-Benza, paralegal. Overall responsibility for GESSEL’s brief rested with Marcin Macieszczak, managing partner.

The OEX group specialises in sales technologies and services; its client portfolio includes leading Polish and international players in the fields of ecommerce, FMCG, telecoms and finance. OEX S.A. is listed on the Warsaw Stock Exchange since 2005

IPOS is the creator of a pioneering device for retailers which combines the functionalities of a tax-compliant transactions register and an electronic payments terminal within a single package, integrated with a unique iPOS cloud-based platform for servicing sales, managing inventories and stocks, and analysing performance within an SaaS model. The iPOS device has the requisite certification from the Polish Central Office of Measures.