GESSEL named Legal Advisor of the Year in the PSIK 2020 Awards

We are happy to announce that our firm has been named Legal Advisor of the Year in the 2020 iteration of the Polish Private Equity Association (PSIK) Awards ! 

What’s more, the sale by Enterprise Investors (advised by GESSEL) of its stake in Danwood S.A. was distinguished as the Transaction of the Year !

The transaction concerned sale of Danwood S.A., the largest producer of readymade houses in Germany and in Poland (and a portfolio company of Enterprise Investors, a leading player in the CEE private equity market and a GESSEL Client of long standing). The sale of Danwood to GS Engineering & Construction of South Korea for EUR 140 mln translates into an EUR 238 mln gross revenue for the fund – a record-breaking nine-fold return on its equity investment. For more information, please see here.

The GESSEL team working on this deal was led by Marcin Macieszczak, managing partner in cooperation with Dr Bartłomiej Woźniak, senior associate and included Karolina Krzal-Kwiatkowska, senior associate and Krzysztof Jasiński, senior associate.

We at GESSEL take especial pride in this success in that it has been our pleasure and privilege to support Enterprise Investors during the successive stages of its involvement in Danwood from its very beginning – purchase of Danwood from Budimex S.A. in 2013 – through various turning points and the exit.

Please click here for a clip announcing the competition results:

The competition aims to honour managers of private equity / venture capital funds, consultancies, banks, and counsel for their achievements in the Polish private equity / venture capital markets and for their pro bono work.

The Polish Private Equity Association PSIK assembles private equity/venture capital investors active in Poland as well as individuals, companies, and institutions working towards development of the PE/VC sector in the country.