CMS has successfully advised A&R Investments Limited on the sale of a minority stake in Modivo S.A. to CCC S.A. The transaction, worth PLN 640m, includes a cash payment and the set-off of part of the share price with the issue price of CCC subscription warrants.
The process included not only the sale of Modivo shares, but also a comprehensive exit strategy for A&R from its investment in Modivo, including the investment in CCC subscription warrants and conclusion of a conditional agreement concerning profit sharing and a minimum return on the investment in subscription warrants with ULTRO S.à r.l., CCC’s main shareholder.
CMS provided extensive advice throughout the entire process of exiting the investment in Modivo shares, including support in negotiating and preparing the sale agreement of the Modivo shares, as well as the conditional agreement concerning profit sharing and the minimum return on the investment in warrants.
The CMS team was led by associate Łukasz Duchiński, under the supervision of partner Ryszard Manteuffel, supported by counsel Robert Semczuk (Corporate/M&A).
