CMS has advised on the sale of the Thai Wok restaurant chain. The chain was founded by the Brusikiewicz family, who have been involved with the restaurant industry for many years. It has outlets in Warsaw, Poznań, Łódź and Lublin.
In mid-December 2016 EBS group took over a 60% share in the restaurant chain, but the founders plan to continue to manage the business. They explained that the share sale is part of a plan to develop the Thai Wok chain and add further restaurants in Poland, as well as expand into new markets, including Czech Republic and Slovakia.
“A well planned and executed transaction can bring very specific benefits in terms of finding an investor, and thus new opportunities for development and financing a family business, while maintaining influence on the management of the company,” says Jakub Marcinkowski, partner in the Corporate/M&A Department at CMS. “We are increasingly seeing family businesses making such decisions. It is the result, on the one hand, of the growing scale and success of these businesses – and hence their plans for development on both local markets and abroad – and on the other hand, from the generational change which is currently taking place in Poland and the challenges associated with passing on a family business.”
The following CMS lawyers took part in the transaction: Jakub Marcinkowski, advocate and partner, and Tomasz Waligórski, advocate in the Corporate/M&A Department in Warsaw.