GESSEL provided a multi-faceted legal services package in relation to the closing of the transaction for sale of the enterprise of Krakow-based Veracomp S.A. to a member of the multinational Exclusive Networks group.

We supported the company and its shareholders at all the successive stages of the transaction, assisting with negotiation and preparation of the transaction documents, advising on the antitrust aspects, attending to the complex conditions precedent (relating to circumstances in Poland and in other countries around the CEE region, e.g. execution of new shareholders agreements in foreign subsidiaries), and the technicalities of the closing – a daunting task in and of itself, given the complexity of the project.

The GESSEL team was led by Karol Sokół, managing associate and Michał Osowski, senior associate, with the involvement of Dominik Kaszuba, associate; Bernadeta Kasztelan-Świetlik, partner and Karolina Krzal-Kwiatkowska, senior associate (advising on the antitrust aspects); and Małgorzata Badowska, partner.

Veracomp S.A. is a provider of information and communications solutions for Value Added Distribution systems, maintaining a presence in 17 countries around Central and Eastern Europe. Apart from offering a rich portfolio of tech solutions, Veracomp also provides technical and business consultancy services and marketing support.

Exclusive Networks, a portfolio entity of the global fund Permira, specialises in cybersecurity and cloud services. Its 50+ offices cover over 100 countries on 5 continents.