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Polski Bank Komórek Macierzystych has executed a preliminary share purchase agreement pursuant to which it is to acquire a 53% stake in the share capital of Sorgente s.r.l. of Milan for the aggregate price of EUR 420,000 (ca. PLN 1.9 mln), subject to possible increase through operation of an earn-out mechanism referring to the company’s final results for 2020.

The transaction’s completion is subject to a condition precedent comprised in obtainment of official permission from the office of the Italian Prime Minister. The process of integrating Sorgente within the PBKM capital group is expected to take between 18 and 24 months.

GESSEL supported Polski Bank Komórek Macierzystych throughout drafting, negotiation, and signing of the transaction documentation. Our team was led by Maciej Kożuchowski, partner and included Piotr Rysiak, senior associate and Anna Haciuk, associate.