SSW Spaczynski, Szczepaniak & Partners is advising the shareholders of WDX S.A. on the company's acquisition by Abris Capital. Clifford Chance has advised Abris Capital on the deal.
According to SSW, "WOHO Holdings Limited, a subsidiary of Abris CEE Mid-Market Fund III L.P., has invited shareholders to sell 2.336.521 shares of WDX S.A. at the price of PLN 14.88. Under the tender offer, the bidder plans to purchase company shares authorizing them, jointly with the company shares held by persons acting in concert with the bidder, to exercise 100 percent of the total number of votes. As the next step, the withdrawal of the company from the Warsaw Stock Exchange is planned."
Clifford Chance reports that, "subscriptions for the company's shares will be accepted from January 8 to February 6, 2018. The anticipated date of the transaction of the purchase of shares on the WSE is February 8, 2018."
According to Clifford Chance, "this investment by Abris Capital Partners falls within the strategy of the fund which recently procured EUR 500 million for interesting and development-oriented business projects in Poland and Central and Eastern Europe. WDX S.A. fits into this strategy because it offers modern logistics solutions, comprising the designing and installation of integrated warehouse storage and transport systems. This is particularly important in the context of the dynamic growth of e-commerce visible all over the world, which would not be possible without the supporting of logistics services with innovative products that optimize and speed up warehouse processes, for which the company WDX is known."
The SSW team was led by Partner Szymon Okon, supported by Associate Tomasz Kwasniewski.
The Clifford Chance transaction team was led by Partner Wojciech Polz and Counsel Jarosław Lorenc, supported by Senior Associate Karol Kulhawik and Associates Katarzyna Aleksandrowicz, Aleksandra Wlaszczuk, Zuzanna Potoczna. Counsel Tomasz Derda and Senior Lawyer Grzegorz Nowaczek provided advice on Labor law issues.
