GESSEL advises the Avallon Fund on its sale of EBS
GESSEL provided a full package of legal services in connection with divestment of a majority stake in EBS to the UAB Sevenways holding group, through which EBS will benefit from broad access to foreign distribution.
GESSEL’s contribution included drafting of the transaction documentation, representation of Avallon in the negotiations, and coordination of the closing.
The GESSEL team was working under the leadership of Maciej Kożuchowski, partner and included Dr Bartłomiej Woźniak, managing associate and Diana Strzałkowska, associate.
The AVALLON fund, presently celebrating its 20th anniversary, is an independent Polish private equity manager and a pioneer of management buy-outs in Poland (to date, it has participated in approximately 100 such transactions). Avallon’s partners have been active in private equity since 1993. AVALLON MBO FUND II is the second AVALLON fund, with a value of EUR 109 million. While it invests in many different industries, the common denominator is always comprised in the involvement of a capable management team or of the given entity’s founders; AVALLON is one of the more active funds in Poland.
EBS is a tech outfit with its own production facilities in Ełk, with a focus on security systems. For over 30 years, it has been offering innovative solutions employing GSM/GPRS and RFID technologies and building a worldwide distribution network. In Poland, it cooperates with the largest security service providers and monitoring centres (e.g. Juwentus, Impel, Konsalnet, Securitas, Solid), GSM networks (Orange, Polkomtel, T-Mobile) and distributors and integrators (Sareme, Johnson Controls, Honeywell, Alpha System, CSS, Elvey).
UAB Sevenways Group is a Lithuanian holding company whose investments span, among other areas, the real estate and energy sectors. In 2020, EBS and Sevenways launched a joint venture to develop remote monitoring systems for employers of guards and security personnel.