GESSEL advises Profim sp. z o.o. and its shareholders on closing of the transaction for sale of a stake in Profim to a fund managed by Innova Capital

GESSEL provided comprehensive legal support, also at the closing stage, in the sale of shares in Profim sp. z o.o. of Turek, a leading producer of office chairs and seating, to a private equity fund represented by Innova Capital.

The fund represented by Innova Capital has purchased approximately 75% of the shares in Profim sp. z o.o.; two previous shareholders continue to hold minority stakes in the company.

Profim is active in a number of European and global markets, to the point where the majority of its output is exported. It sells its products under its own brand, within an extensive distribution network, and cooperates with renowned designers. Its revenues for 2016 reached PLN 470 million, a 20% increase over 2015.

For GESSEL’s part, the project team was led by Karol Sokół, advocate, and included Natalia Jodłowska, attorney, Michał Osowski, trainee attorney, Inarda Bielińska, attorney, and Anna Ryniec, trainee attorney.