GESSEL has provided comprehensive legal support for the transaction comprising purchase by Reinwest Niestandaryzowany Sekurytyzacyjny Fundusz Inwestycyjny Zamknięty of the bank receivables held by Pekao S.A. and by Raiffeisen Bank Polska vis a vis companies of the Fugo group along with security.
The actual purchase of the receivables was preceded by a transaction with TDJ S.A., an investment firm active in various sectors of the economy for more than 30 years and majority shareholder in Famur S.A., geared at providing Reinwest with the funds for the receivables purchase and at structuring the relationship of the parties as regards, among other issues, transfer by Reinwest onto TDJ S.A. of the receivables purchased from the bank consortium and sale by Reinwest Sp. z o.o. of a majority stake in Fugo S.A. The transaction also included take-over by the Reinwest fund of shares in Fugo S.A. which had been the object of a pledge, followed by transfer of these shares onto TDJ S.A., with the result that TDJ S.A. took over complete control over the Fugo S.A. equity group.

The GESSEL team responsible for this transaction was led by Małgorzata Badowska, attorney and managing associate at GESSEL’s M&A practice, and by Karol Sokół, trainee advocate.