DZP supports Polish fund Rubicon Partners in an investment in the US company StaffHealth

DZP's client was a fund operating in the Venture Builder model – Rubicon Partners – providing both investment banking services and making its own investments, the total value of which already exceeds PLN 3.3 billion. To date, Rubicon's investment portfolio has included entities such as Novavis, Pro XN, Ekobilet, Fresh Inset, Synthex Technologies, etc. In May 2024, this group was expanded to include StaffHealth, a US startup creating a technology platform for hiring qualified medical staff.

Our client's investment closed at USD 2.5 million and was carried out in a VB model assuming the investor's active participation in building up the value of the portfolio company through operational involvement. In addition to the financial contribution, Rubicon will support StaffHealth in the development of its technological facilities in Poland, including the building of new platform functionalities and the digitalisation of processes, the transfer of business operations from the US and Asia to Poland and the implementation of procedures related to the company's cross-border financial management.

DZP's experts provided Rubicon Partners with comprehensive legal and tax advice, both conceptual and implementational, elements of which included the identification and development of an investment structure enabling new financial inputs to be raised in the future, and tax structuring adapted to the tax regimes of Poland, the US and the countries of residence of the other project participants.

We also supported the client in drafting the transaction documentation and detailed governance rules to ensure that the founders' decision-making was preserved while guaranteeing the investor's security. DZP's advice also included securing ownership of key assets and IP infrastructure.

The project was carried out by a DZP team coordinated by Grzegorz Sprawka and comprising Maciej Zajda and Maciej Goszczyk from the Capital Markets and Financial Institutions Practice and Joanna Wierzejska from the Tax Practice.