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B2Holding purchased ULTIMO from Advent International


CMS supported B2Holding, a leading European specialty finance business, in acquisition of the entire share capital of ULTIMO, a leading Polish credit management business. The value of the transaction that was signed on 1 July 2014 was not revealed. Its closing is subject to antimonopoly clearance. The current shareholders of ULTIMO are Advent International and Janusz Tchórzewski, ULTIMO’s founder and minority shareholder.

B2Holding is a Norwegian-headquartered company with a strong existing presence in the Nordic and Baltic markets. ULTIMO will become an integral part of B2Holding’s multi-jurisdictional operations ranging from the Nordic region to CEE area. It provides a strong platform from which B2Holding can execute its CEE growth strategy, and a number of follow-on acquisitions are planned in additional new markets. B2Holding will provide ULTIMO with access to substantial capital, industry experience and strategic partnerships.

The transaction team at CMS was lead by Marek Sawicki, Partner, supported by Joanna Blaszczyk, Of Counsel.

Related people

Marek Sawicki
Joanna Błaszczyk