B2RLaw advises Vestas on the acquisition of the ST3 Offshore for over PLN 170 million.
Vestas, the Danish global giant in the wind turbine market, has just signed an agreement to purchase ST3 Offshore – the Szczecin factory. This enterprise forms the basis for the establishment of a factory for components for offshore wind farms in Szczecin. The factory will create hundreds jobs in Szczecin and several thousand more indirectly. It is expected to meet domestic and global demand for offshore wind energy and thus play a key role in achieving Poland’s energy transition goals, aiming to maximise offshore wind energy potential with a total capacity of up to 18 GW by 2040.
This is another step in the development of the offshore sector in Poland. The acquisition of ST3 Offshore, bankrupt in 2020, was made in the 6th tender for its sale. B2RLaw advised on all legal aspects related to the acquisition of the bankrupt company, including obtaining ministerial approval for the acquisition (this process, due to its complexity, took more than six months).
The B2RLaw team was led by Andrzej Zając (Advocate, Partner, Head of the Energy and Real Estate Practice), with the support of Bogdan Duda (Attorney-at-law, Partner) and Konrad Czernecki (Attorney at Law Trainee, Associate).
Andrzej Zając, Advocate, Partner, Head of the Energy and Real Estate Practice at B2RLaw advises: ”Vestas is a leading supplier to the Polish onshore wind energy market and has been present in Poland for many years. When Poland is particularly turning its attention to offshore wind energy and offshore is seen as a key solution to current national and global energy challenges, it is great to see our client as a leader once again, playing a key role in the Polish energy market. We would like to thank the Vestas team for entrusting us to advise on this key and challenging project and we look forward to its completion.”
Rafał Stroiński, Advocate, Managing Partner at B2RLaw adds, ”It is a great honour to support a client like Vestas on this transaction. The Danish wind turbine manufacturer is becoming the leader of the Polish offshore market, creating an environment for its development also for other players. Vestas is creating the conditions for the development of our country as a European offshore leader, while contributing to the energy security of our country and region. B2RLaw’s involvement in this project is another milestone in strengthening our position as a leader in legal services for the offshore sector in Poland.”
B2RLaw’s team advised IQ Biozoom in connection with the investment support received from VC Link.
IQ Biozoom is a Polish start-up developing technology for non-invasive monitoring of levels of biochemical substances in the body, such as glucose, cholesterol, and other biomarkers. The company is currently working on developing a device at the heart of which is a biosensor, manufactured using so-called jet printing, based on a proprietary design of advanced semiconductor devices, such as thin-film transistors, among others. The technology is not yet in commercial use. The company has just received investment support from the VC Link fund.
The fund’s portfolio mainly includes entities developing innovative technologies for the industrial, high-tech, and IT sectors.
B2RLaw’s transaction team advised IQ Biozoom at all stages of the transaction process, including the preparation and negotiation of transaction documents, the closing of the transaction, and the registration of the resulting amendments.
IQ Biozoom was represented by a transaction team consisting of Agnieszka Hajos-Iwańska (Advocate, Partner) and Magdalena Borychowska (Advocate Trainee, Junior Associate).
Today at the Modern Lawyer’s Conference ”Law and Technology in the 21st Century“, organised by the Center for American Studies Poland, Julia Stroińska, Junior Associate, will lead the panel: ”AI as a creator: Navigating the legal maze of IPrights in AI-generated works”.
Other Keynote Speakers:
+ Susanna Frederick Fischer (The Catholic University of America, Columbus School of Law)
+ David Opderbeck (Seton Hall University)
+ Richard Bales (Ohio Northern University)
+ James Cooper (California Western School of Law)
+ Kashyap Kompella, CFA
+ Tytus Cytowski (Cytowski & Partners)
The Warsaw Security Forum (”WSF”) is one of the leading European conferences dedicated to transatlantic cooperation and focusing on developing shared responses to common challenges, with an emphasis on the security of Central and Eastern Europe.
B2Rlaw is honored to once again support the event as a Legal Partner, especially for the 10th anniversary edition.
Since its inception, the Warsw Security Forum is organized by the Casimir Pulaski Foundation, in strategic partnership with NATO and the National Security Bureau to the President of the Rupublic of Poland. The 10th anniversary edition of WSF welcomes over 2000 participants, 200 speakers from more than 90 countries, including Presidents, Prime Ministers, more than 30 Ministers of Foreign Affairs, Defence, and Energy, Members of Parliament, as well as NATO, EU and OSCE delegations.
B2Rlaw is represented by:
+ Rafał Stroiński – Advocate, Managing Partner
+ Bartłomiej Jankowski – Advocate, Managing Partner
+ Roman Iwański – Advocate, Partner
+ George Havaris – Solicitor, Partner
+ Julia Stroińska – Junior Associate
More about the Warsaw Security Forum here.
B2RLaw’s experts: Bartłomiej Jankowski (Advocate, Managing Partner), Kinga Karaszewska (Advocate, Associate) and Jakub Przybyliński (Advocate, Associate) have once again been invited to author the Polish chapter of The Legal 500: White Collar Crime Country Comparative Guide.
The Legal 500’s Country Comparative Guides are produced in association with the world’s leading lawyers and give the in-house community a practical overview of the laws and regulations in key jurisdictions, for specific practice areas.
Each country chapter is written by a renowned firm in an easy to use Q&A format. The Hot Topic articles provide analysis of current trends and developments within particular practice areas, giving Legal 500’s readership, made up of GC’s, In-House Counsel and Senior Executives, a deeper understanding of pressing issues within the specified sector.
The aim of The White Collar Crime Country Comparative Guide is to provide its readers with a pragmatic overview of the white collar crime laws and regulations across a variety of jurisdictions. This country-specific Q&A provides an overview of White Collar Crime laws and regulations applicable in Poland.
Read the full report here.
B2RLaw advised White Star Real Estate on the sale of a group of companies from the short-term lease market sector to Renters.pl
White Star Real Estate is focused on providing real estate solutions for development clients and management investors. From sourcing and developing real estate opportunities to implementing asset and property management solutions, they are an integrated real estate group serving CEE region. White Star has built over 50 projects since 1997. Their portfolio includes landmark office buildings, warehouses, logistics parks, build-to-suit (BTS) manufacturing facilities and other industrial projects, retail, leisure, and mixed-use concepts, residential/master-planned developments.
The part of the group engaged in comprehensive short-term rental management since 2016 was included in the sale transaction. It provides real estate owners with support in the development and security of running their business, being the exclusive or recommended rental operator of 9 investments, manages over 700 apartments in Zakopane, Warsaw, Wrocław, Poznań, Gdańsk, Kołobrzeg and Międzyzdroje. They take care of both individual apartments and houses, as well as entire facilities. The group was acquired by a major industry player, Renters.pl, whose majority shareholder since March 2023 has been Enterprise Investors.
B2RLaw’s services included, above all, multilateral, multifaceted and complex negotiations between groups of industry investors, which ended successfully in the form of closing the transaction.
The B2RLaw team was led by Managing Partner Rafał Stroiński (Advocate) and Partner Agnieszka Hajos-Iwańska (Advocate) and included: Jakub Kutyła (Advocate, Counsel), Konrad Czernecki (Associate), Barbara Tchórzewska (Junior Associate).
Agnieszka Hajos-Iwańska advises, “Negotiation success on this transaction demonstrates that real estate assets of the highest quality, with high-class tenants and which are professionally managed, will continue to enjoy interest and, consequently, generate transactions among key institutional investors. We congratulate the parties on this transaction and thank the sellers for entrusting us.”
We are proud to announce that in this year’s edition of IFLR1000 ranking we have been recommended in 3 categories. We are steadily growing year by year!
Ranking by practice:
+ Project development: Infrastructure (Tier 3)
+ M&A (Tier 5)
+ Project development: Power (Notable)
In 2022: M&A (Tier 5), Project development: Infrastructure (Other notable), Project development: Power (Other notable).
Full ranking: https://www.iflr1000.com/Jurisdiction/Poland/Rankings/195#rankings
B2RLaw advised Sprout Social Inc. on its USD 140M acquisition of Tagger Media Inc. and key software developed by Tagger’s Polish IT hub.
Sprout Social is a global leader in social media management and analytics software. Their unified platform puts powerful social data into the hands of more than 34,000 brands so they can make strategic decisions that drive business growth and innovation. With a full suite of social media management solutions, Sprout offers comprehensive publishing and engagement functionality, customer care, connected and automated workflows and AI-powered business intelligence. Its award-winning software operates across all major social media networks and digital platforms.
Sprout’s unified social media management platform enables to extract real business value, strengthen market position and drive revenue quickly. Sprout builds and maintains strong network partnerships and integrations to help unify customer touch points and keep pace with changes in the social landscape.
Tagger Media is a global leader in revolutionizing how top brands and agencies harness data and analytics to drive creator and influencer marketing strategies. Trusted by global enterprises, Tagger is a disruptive SaaS solution that offers unparalleled expertise. Leveraging API partnerships with major social channels, Tagger connects millions of brand and influencer profiles to billions of social data points, offering the industry’s most robust social intelligence and actionable insights. Tagger’s platform provides powerful analytics, all-in-one capabilities, and strategic integrations for efficient campaign workflows.
B2RLaw’s Commercial team has worked alongside US firm Cooley LLC in providing Sprout Social with seamless legal support throughout the acquisition process. The firm’s multidisciplinary team of a dozen lawyers supported Sprout Social in a wide range of sector-specific matters, that included, among other, comprehensive advice on the Polish legal aspects of the transaction, especially in areas such as: IP, employment, corporate, compliance and tax.
The B2RLaw team was led by Partner Roman Iwański (Advocate) and included: Paulina Wyrostek (Counsel, Attorney-at-Law), Malwina Niczke-Chmura (Counsel, Advocate), Aleksander Łożykowski (of Counsel, Attorney-at-Law, Tax Advisor), Paulina Milewska-Mróz (Senior Associate, Advocate), Martyna Szpakowska (Associate, Advocate), Danyila Zubach (Junior Associate, Advocate), Bogusław Długowolski (Junior Associate, Trainee Attorney-at-law), Eryk Czajkowski (Junior Associate), Julia Stroińska (Junior Associate).
Partner Roman Iwański advises, “We were thrilled to have been entrusted by Sprout Social on this transaction and greatly valued the support from Cooley. Our commercial team worked around the clock to ensure timely closing. This engagement is a testament to B2RLaw’s strength in the IP and tech space. IP related to social media is a burgeoning legal sector. From miniscule over a decade ago, the social media market is experiencing exponential growth. Its current value estimated at USD 230 billion is expected to double in size by the end of this decade.”
OASIS is a Polish MedTech start-up that designed and developed an innovative system ONIRY and medical device for diagnostics in response to the need to find a suitable method to detect pelvic floor muscles injuries immediately after delivery and effective way to prevent serious complications from these injuries later in life. Their clinical-knowledge-based technology detects the problem in 1-minute procedure.
“The nearly PLN 14 million investment raised will allow us to complete the product certification activities in the EU, initiate the certification procedure at the FDA, start production and launch the product on the market in 2023. We also plan to conduct extensive clinical trials to confirm the benefits of implementing the early diagnosis of perinatal injuries with the ONIRA method into clinical practice.” – says Edyta Hryniecka, a Member of the Oasis Board, leading the investor acquisition process.
“Our innovative system for detecting perinatal injuries, ONIRY, will soon allow us allow us to perform a simple, painless, fast and precise examination, assessing the condition of the pelvic floor muscles, in any woman who has just given birth by natural forces.” – says Oasis CEO Katarzyna Borycka.
Vinci (which manages HiTech ASI fund) advises, “Together, we believe that ONIRY will become an important element in the standard of perinatal care and we plan to support the company in pursuit of this goal.”
B2RLaw Partner Agnieszka Hajos-Iwańska comments, “This is a project with huge potential to revolutionise its industry. Vinci’s investment of nearly PLN 14 million will be spent on certification of the medical device and commercialization of the solution. We are all the more pleased to be a part of it, legally supporting the investment process.”
B2RLaw’s team was led by Agnieszka Hajos-Iwańska (Advocate, Partner) and included Malwina Niczke-Chmura (Advocate, Counsel), Paulina Wyrostek (Attorney-at-law, Counsel), Konrad Czernecki (Associate, Attorney at Law Trainee), Małgorzata Tomaka (Junior Associate) and Krzysztof Judasz (Junior Associate).
B2RLaw advised the minority shareholders of Audioteka S.A., representing approximately 40% of the company’s share capital, in the sale of shares to Wirtualna Polska Holding S.A., a company listed on the main market of the Warsaw Stock Exchange.
A preliminary conditional agreement was concluded in June this year along with accompanying documentation, including a conditional agreement on mutual waiver of claims by Audioteka, its shareholders, and their related entities. The parties finalized the transaction on July 27, 2023.
As a result of the transaction, Wirtualna Polska Holding, through its dependent entities, will hold (together with shares acquired earlier), shores representing 100% of Audioteka’s share capital and 100% of the total number of votes at the General Meeting.
Rafał Stroiński, Advocate, Senior Partner, and head of the transactional practice at B2RLaw, led the team. The ongoing advisory team for the project consisted of: Jakub Kutyła (Advocate and Counsel), Malwina Niczke-Chmura (Advocate and Counsel), Edyta Zalewska (Advocate and Partner), Magdalena Borychowska (Junior Associate), Danyila Zubach (Advocate – Ukraine, and Junior Associate), Bogusław Długowolski (Junior Associate), and Krzysztof Judasz (Junior Associate).
“The sale of Audioteka opens a new chapter in the history of this company. This transaction allowed minority shareholders to exit their investment and, furthermore, one can hope that it will enable the realization of numerous synergies due to Audioteka becoming a part of the Wirtualna Polska Holding group, in which it will surely be a valuable asset. Our legal team actively advised at every stage of this transaction, and I am proud that we could share our broad experience in this area. Congratulations to all parties involved!” – Rafał Stroiński, Advocate and Senior Partner at B2RLaw.
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