DZP advises on share swap between W.EG Polska and Kaczmarek Electric

A multidisciplinary team of DZP lawyers has advised on a share swap between W.EG Polska sp. z o.o. and Kaczmarek Electric S.A. In the transaction, W.EG Polska acquired 100% of shares in Kaczmarek Electric, and Cezary Kaczmarek, President of the Management Board and a former shareholder in Kaczmarek Electric, took up 40% of shares in W.EG Polska and joined its management board. The share swap transaction will see the creation of one of the largest electrotechnical articles distribution networks in Poland.

Our client W.EG Polska is part of the German Würth Group, which manufactures and sells joining and assembly materials and conducts wholesale distribution of electrotechnical materials. Kaczmarek Electric is a chain of electrotechnical wholesalers and electromarkets which, after the acquisition, will continue to operate on the Polish market under its brand name.

DZP's advice to W.EG Polska included high-level advice on M&A, including a due diligence of Kaczmarek Electric, drafting transaction and corporate documentation, and negotiations. We also advised on the process to obtain Competition and Consumer Protection Office clearance for the concentration, representing the client in proceedings before the Office.

The client was advised by DZP lawyers Marek Świątkowski, Partner, Filip Krężel, Senior Associate, and Joanna Fasula, Associate, from the Corporate and M&A Practice, and Jarosław Łukawski, Partner, and Jan Siesicki from the Competition Law Team.