CMS advises listed Polish household appliances company, Amica, on the acquisition of the UK-based CDA
CMS has advised Poland-based manufacturer and wholesaler of household appliances Amica Wronki S.A. on the purchase of the entire issued share capital of The CDA Group Limited, a UK-based retailer of high quality kitchen appliances, from its shareholders, three individuals, for GBP 24.3m. The financing of the acquisition was partly funded from Amica’s own funds and partly via a bonds issue.
The transaction will expand Amica’s existing network which spans across Poland, Germany, the Russian Federation, the Nordic countries, the Czech Republic, Slovakia and now the United Kingdom.
The deal represents one of the largest private investments in the UK from Poland and is another prime example of CMS’ ability to deliver seamless advice across multiple jurisdictions, the lawyers on this transaction being based in Warsaw, London, Glasgow, Bristol and Edinburgh.
The CMS team advising Amica was led by Graham Conlon (English-qualified corporate and private equity partner based in Warsaw) and Valentina Santambrogio, with invaluable assistance from Paulina Lasocka-Wysoczańska, Grzegorz Pączek , Kyle Abrey, Charlotte Higgins, Robert Lammiman, Anna Spichenko, Vitalii Mainarovych, Dawid Koruba, Simon Howley and Jakub Lerner (Corporate), Eileen MacMahon and Fraser Vandal (Employment), Sally Badham and Marcin Patrzala (Real Estate), Alexandra Tuck, Arkadiusz Michaliszyn, Jim Hillan, Tair Hussain, Agnieszka Sałuda, Łukasz Dynysiuk, Anna Burchner and Philip Reid (Tax), Caroline Hobson (Competition), Jacek Liput, Krzysztof Sikora, Michał Derdak and Agnieszka Starzyńska (Commercial, Regulatory and Disputes), Alistair Hill and Mathew Boyle (Pensions) and Valentina Keys (Environment).