Advice on an acquisition on the media and education market

Domański Zakrzewski Palinka advised the owners of IOKI Sp.k., a Poznan-based supplier of e-learning solutions, on the sale of the rights of a limited partner and shares of the general partner in this company to a company in the Pearson plc group, a global leader in media and education. The transaction was closed on 17 December 2012.

DZP was responsible for providing legal and tax advisory to the sellers and IOKI sp.k. during preparations for the transaction and on drawing up and negotiating the sale agreement. The project was handled by lawyers in DZP's Poznan office, Piotr Andrzejczak and Jakub Wieszczeczyński.

IOKI was founded in 2000 by Jan Lipczyński and in just under 13 years the company has developed a trustworthy brand. "The aim of setting up the firm was to find an innovative tool to facilitate the work of English language teachers.” said Jan Lipczyński, adding that "the desire to develop new solutions is constantly with us and the number of IOKI system users has already reached 500 thousand".