CMS is number one for M&A in Poland and Central and Eastern Europe
CMS wins the top position for the number of transactions carried out in Poland in 2017 according to the ranking by Mergermarket. CMS lawyers are also in first place for the number of transactions and come in second in terms of the value of acquisitions in Central and Eastern Europe, confirming CMS’s strong position in the transaction market in our region.
Having worked on 15 transactions in Poland and 32 acquisitions in the region, last year CMS was the most frequently chosen law firm both on the Polish market and across CEE. Throughout Europe, CMS teams advised on 58 M&A transactions, putting the firm in second place on the Mergermarket ranking for the whole of Europe.
CMS lawyers advised on Mid Europa Partners’ sale of the Żabka chain of convenience stores – the largest transaction in 2017 and the largest in the retail grocery sector in Poland. The transaction was also the largest exit of a private equity fund from investments in the country. CMS’s transaction team also worked for MAXIMA GRUPĖ UAB in the acquisition of Emperia Holding S.A., which owns Poland’s Stokrotka supermarket chain. In the last twelve months, CMS also worked on other transactions in the consumer products industry, such as the sale of Mila S.A. and Polska Dystrybucja Alkoholi to the Eurocash Group, on the purchase of paté and soup maker Profi by the Coast2Coast fund, and on the sale of Delicpol by Resource Partners.
“Last year we advised on the largest number of transactions carried out on our market, which translates into additional experience that we can offer our clients on other acquisitions. In turn, knowledge of Central and Eastern European markets and close cooperation with teams from other jurisdictions allows us to follow clients to other markets in the region and effectively handle cross-border transactions,” says Marek Sawicki, partner managing the CMS Poland’s transaction team.
CMS also ranked first in terms of the number of transactions handled in 2017 in Germany and other German-speaking countries (Germany, Austria and Switzerland), and ranked second in the UK. The combination of expertise in Poland as well as on the key markets where foreign investments in CEE originate – and where Polish enterprises are increasingly going – gives CMS a vital additional asset. In the past year, CMS has advised TELEFONIKA Kable S.A. (TFKable), a company with Polish capital, on the acquisition of UK company JDR Cable Systems Ltd (JDR), a leading supplier of submarine trunk and power cables. Our transaction lawyers also supported Swiss investor Bucher-Motorex Group on its first investment in Central and Eastern Europe – the purchase of a factory in Poland from Circle K. We also advised Swedish investor Axel Johnson International on takeovers of plants in CEE, including in Poland.
The CMS transaction team currently comprises some 30 lawyers and is considered one of the leading practices in Poland in the international Chambers & Partners and Legal 500 rankings (second place). Marek Sawicki, partner managing the team in Warsaw, is ranked by Chambers & Partners in Band 1 as part of individual nominations in the Private Equity category. CMS is also recognised as one of the best law firms in Poland in the PE category (Band 2) and the best law firm in Central and Eastern Europe in the Corporate/M&A category (Band 1).