Rising Stars

Firms To Watch: Private equity

Wolf Theiss‘ private equity offering has been significantly bolstered with the arrival of a large number of partners, counsel, and senior associates over the course of 2023, including practice heads Izabela Zielińska-Barłożek, Anna Dąbrowska and Krzysztof Libiszewski, who all joined from Wardynski & Partners.

Private equity in Poland

Baker McKenzie Krzyzowski i Wspólnicy Sp.k.

Baker McKenzie Krzyzowski i Wspólnicy Sp.k.‘s ‘experienced and knowledgeable‘ private equity group sits within the firm’s wider M&A practice, and bolstered by its global presence, the team frequently provides high-quality support on cross-border transactions. The practice is highly adept at advising private equity funds throughout their entire lifecycle, from tax structuring and establishment, investments in portfolio companies, and strategic advisory work, to the exit, closure, and settlement of funds. Of recent note, ESG-driven matters have been an increasing focus for the group. With a diverse client roster, including major private equity funds, vendors, targets, industry investors, listed companies, and financial investors, Filip Uziębło jointly leads the team alongside transactional expert Tomasz KrzyżowskiŁukasz Targoszyński is especially notable for his work in the consumer goods, manufacturing, and technology sectors. In team news, Magdalena Medyńska and Marcin Płonka were both promoted to counsel in July 2023.

Responsables de la pratique:

Tomasz Krzyżowski; Filip Uziębło

Autres avocats clés:

Weronika Achramowicz; Łukasz Targoszyński; Radzym Wójcik; Magdalena Medyńska; Marcin Płonka; Joanna Lis

Les références

‘The team is experienced and knowledgeable. More importantly, their confidence does not slide into arrogance, and they are willing to hear the client’s perspective.’

‘Tomasz Krzyżowski’s work was very good. He delivered on all fronts, including technical skills, negotiations and client relations. It was our first transaction with him, and I would be happy to engage his assistance again.’

‘Very experienced team with great business acumen. Pragmatic and highly sophisticated in their understanding of the client’s objectives and needs.’

Principaux clients

Enterprise Investors

MidEuropa Partners





Lyvia Group

Kreos Capital

Bain Capital



New Mountain Capital

Resource Partners


Abris Capital

CEE Equity Partners

Forevest Capital

Snowflake Inc.

Hunter Douglas

Rebel Wolves


Groupa Wirtualna Polska

Principaux dossiers

  • Advised CEE Equity Partners on the acquisition of fully-integrated waste management platform KOM-EKO from Value4Capital.
  • Advised Akomex on the buy-out of Accession Capital Partners following its three-year investment in Akomex Group.
  • Advised Grupa Wirtualna Polska on its acquisition of a minority stake in Audioteka.

Clifford Chance

Global and regional private equity funds are counted among the impressive client roster at Clifford Chance, and its offering encompasses advice across key sectors of interest, including consumer goods, retail, healthcare, infrastructure, financial services, and e-commerce. The department is ably supported by the firm’s notably strong banking and finance, capital markets, antitrust, and M&A teams. Managing partner Agnieszka Janicka, Marcin Bartnicki and Wojciech Polz are key corporate experts, and also of note is Paweł Puacz, who specialises in energy, environment, and infrastructure-related mandates.

Responsables de la pratique:

Agnieszka Janicka; Marcin Bartnicki; Wojciech Polz

Autres avocats clés:

Paweł Puacz; Tomasz Derda; Krzysztof Hajdamowicz; Nick Fletcher; Iwona Terlecka; Karol Kulhawik

Les références

‘Wojciech Polz is exceptional in his field, demonstrating a profound understanding of the law and its practical applications. His leadership within the firm is a testament to their unwavering commitment to legal excellence.’

‘Wojciech Polz has a remarkable ability to build strong and lasting client relationships. His personalised approach and dedication to understanding client needs ensures that our clients receive the best possible legal counsel.’

‘Karol Kulhawik consistently puts clients at the forefront, taking the time to understand their needs, concerns, and objectives. His exceptional ability to establish and maintain strong client relationships is commendable.’

Principaux clients


Abris Capital Partners

Waterland Private Equity

Giza Polish Ventures

Principaux dossiers

  • Advised EcoWipes on the sale of the company to an investor controlled by Cornerstone Investment Management and Kartesia.
  • Advised Waterland Private Equity on the acquisition of Codilime, a major Polish software developer, combined with the reinvestment of the former shareholders.
  • Advised Xebia, a Waterland Private Equity portfolio company providing IT consulting services which cover all aspects of digital transformations, on the acquisition of the business of GetInData.

Greenberg Traurig Nowakowska-Zimoch Wysokinski Sp. k

Greenberg Traurig Nowakowska-Zimoch Wysokinski Sp. k is well regarded for its expert handling of complex transactions for leading private equity houses which have a presence across the CEE region. Its offering is bolstered through the group’s co-operation with the firm’s reputable tax, M&A, real estate, banking and finance, and capital markets departments. Senior partner and chair of the group Lejb Fogelman focuses primarily on international business transactions, and he is supported by Rafał Baranowski, who is active across a variety of industries. Klaudia Królak joined from Linklaters in October 2023.

Responsables de la pratique:

Lejb Fogelman

Autres avocats clés:

Stephen Horvath; Rafał Baranowski; Paweł Piotrowski; Michał Fereniec; Michał Bobrzyński; Klaudia Królak

Les références

‘Highly experienced and knowledgeable, yet extremely pragmatic, team. Always focused on the client’s goals and expectations.’

‘Michał Bobrzyński is an outstanding individual, bringing high engagement, excellent work ethics and vast experience in structuring and negotiating private equity transactions.’

‘They have excellent understanding of private equity clients’ expectations and standards, and are always focused on the best outcome for the client.’

Principaux clients

Abris Capital Partners




Stock Spirits Group

CVC Capital Partners

PIB Group

Agora S.A.



Vista Equity Partners

Olympus Partners

Gilde Healthcare

Principaux dossiers

  • Advised Inpost S.A. on its acquisition of a 30% stake in Menzies Distribution Group from Endless LLP, a private equity fund.
  • Advising Stock Spirits group on the indirect acquisition of 100% of the shares in Polmos Bielsko-Biała S.A.
  • Advised PIB Group on the acquisition of Asist sp. z o.o.

Rymarz Zdort Maruta

Rymarz Zdort Maruta's offering was broadened in January 2023 with the merger of Rymarz Zdort and Maruta Wachta. Advising clients on their investments in, and exits from, public and private companies remains a core focus. The healthcare, retail, FMCG, real estate, and financial services industries, as well as the technology, media, and telecoms sectors, are strong areas for the department. Managing partners Paweł Zdort and Paweł Rymarz jointly lead the team, and they are ably supported by Jacek Zawadzki and Jakub Zagrajek, who specialise in M&A transactions, capital markets, and corporate law issues. At the senior associate level, Malgorzata Derus is noted.

Responsables de la pratique:

Paweł Zdort; Paweł Rymarz

Autres avocats clés:

Jacek Zawadzki; Jakub Zagrajek; Malgorzata Derus

Les références

‘The level of coordination between the respective work streams, in combination with significant partner involvement to act not only as a legal but as a tactical sparring partner for the client in optimising the sale process and the deal itself was notable and impressive.’

‘Paweł Zdort is clearly one of the most experienced M&A lawyers in the CEE. While he has a very solid overall team behind him, he gets personally involved in key moments where the client needs to take difficult decisions, and the vast experience then really shows.’

‘Jakub Zagrajek, one of the best partners in the M&A practice, is great to work with. Solution-oriented, clear-headed and highly responsive, he proved not only to be a highly skilled M&A lawyer, but also very pleasant to work with as part of a wider deal multidisciplinary team bringing different considerations to the table.’

Principaux clients

Innova Capital

DIF Capital Partners

CVC Capital Partners

Three Seas Initiative Investment Fund

Aberdeen Capital Management LLC

Active Ownership Capital

Unilink Group

Enterprise Investors

Inelo Group

PGE Polska Grupa Energetyczna


Exact Systems sp. z o.o.

P4 Sp. z o.o.


Principaux dossiers

  • Advised the shareholders of Grupa Inelo S.A., comprising Innova Capital, European Telematics Holding and a group of individual minority shareholders, on a transaction involving the sale of 100% of the share capital of Inelo to W.A.G. payment solutions.
  • Advised the Unilink Group and the Enterprise Investors fund on a transaction involving the acquisition of the Unilink Group by Acrisure, a US-based fintech and insurance broker.
  • Advised PGE Polska Grupa Energetyczna S.A. on its acquisition of 100% of the shares in PKP Energetyka S.A from US-based fund CVC Capital Partners.


CMS supports international private equity houses and regional CEE funds throughout the entire lifecycle of investment mandates, from integration of businesses and restructurings, to the implementation of growth strategies. Key sectors of focus include TMT, retail, insurance, manufacturing, life sciences, and renewable energy. The ‘very commercial’ Sławomir Czerwiński sits at the helm of the practice and is ably supported by the head of the firm’s corporate and M&A department, Rafał Zwierz. Counsel Olga Czyżycka-Szczygieł adeptly advises clients on cross-border transactions.

Responsables de la pratique:

Rafał Zwierzl; Sławomir Czerwiński

Autres avocats clés:

Błażej Zagórski; Dariusz Greszta; Mateusz Stępień; Jarosław Gajda; Grzegorz Pączek; Marta Osowska-Buba; Olga Czyżycka-Szczygieł; Antoni Wandzilak

Les références

‘The team is characterised by being highly accessible at all times. All team members respond immediately and remain proactive during projects.’

‘They cooperate well with one another at all levels and everyone is always up to speed, which makes it easy to maintain deal momentum, even if not all team members are present during a meeting.’

‘The individuals that I worked with include Sławomir Czerwiński, Jarosław Gajda and Antoni Wandzilak. The key differentiator is business acumen. They understand what is critical and what is less important from a commercial perspective. This allows them to quickly and effectively conduct negotiations and add true value.’

Principaux clients

Advent International



Cinven’s Partner in Pet Food

Abris Capital Partners

Innova Capital’s Prime Label Group

Syntaxis Capital

PFR Ventures

DPE Deutsche Private Equity Management III GmbH


Vertex Investment

Mutares SE & Co KGaA

Principaux dossiers

  • Advised MangoPay on the Polish aspects of the acquisition of z majority stake in the AI fraud detection and prevention company Nethone sp. z o.o.
  • Advised Prime Label Group, the Polish flexible packaging firm controlled by Innova Capital, on the acquisition of a 100% stake in domestic printing company Drukarnia PEGWAN Sp. z o.o.
  • Advised R-GOL, a major distributor of specialised equipment for football enthusiasts, professionals, and football clubs in Central and Eastern Europe, and its owners, on the sale of a majority stake to Innova Capital.


With an impressive client roster encompassing global, regional, and local private equity houses and venture capital funds, Dentons‘ industry knowledge spans a wide range of sectors, including energy, infrastructure, media and technology, life sciences, real estate, and food. The group is well positioned to advise on cross-border transactions, with five offices situated across the CEE region. Piotr Dulewicz chairs the department, as well as the firm’s broader European private equity offering, and has significant experience assisting clients with acquisitions and disposals. Michał Wasiak is another notable team member, with a particular focus on advising clients on investments into Poland.

Responsables de la pratique:

Piotr Dulewicz

Autres avocats clés:

Paweł Grabowski; Michał Wasiak; Bartosz Juszczak

Principaux clients

Syntaxis Capital



Cornerstone Investment Management

Resource Partners

Custodia Capital

Carpathian Partners

Optimum Ventures

International Chemical Investors

Principaux dossiers

  • Advised Bridgepoint on the sale of its portfolio company Dr Gerard to Adam Foods.
  • Advised KKR on the Polish aspects of its acquisition of S&P Global’s Engineering Solutions business.
  • Advised International Chemical Investors Group on the Polish aspects of its acquisition of the compounds business of Benvic Group SAS.

DLA Piper Giziński Kycia sp.k.

DLA Piper Giziński Kycia sp.k.‘s private equity team is praised for its ‘great market knowledge’ and is well known for assisting domestic and international private equity funds with cross-border mandates. Industries of strength for the practice include technology and telecoms, media, real estate, and engineering. Jakub Marcinkowski sits at the helm of the department and is ably supported by the head of the corporate and M&A team Marta Frąckowiak, and Jakub Domalik-Plakwicz, whose client roster encompasses public and private companies, private equity funds, and underwriters.

Responsables de la pratique:

Jakub Marcinkowski

Autres avocats clés:

Marta Frąckowiak; Jakub Domalik-Plakwicz; Wojciech Kalinowski; Rafał Kluziak

Les références

‘Goal oriented with a business approach and experienced lawyers.’

‘Detailed, hands-on approach.’

‘Good communication.’

Principaux clients

Mid Europa Partners

Polish Enterprise Fund VIII


Resource Partners

Żabka Polska

Life Healthcare Group

Foreign Expansion Fund Closed-End Investment Fund of Non-Public Assets


PFR Ventures

Hubert Burda Media

Opoka TFI

PGS Software S.A.


Avallon MBO Fund II

Genesis Private Equity Fund III

Principaux dossiers

  • Advised the Wirtualna Polska Group on the conclusion of a conditional agreement with, among others, funds managed by PortfoLion Capital Partners, to acquire the Szallas Group, which owns travel platforms for booking accommodation in Hungary, the Czech Republic, Romania, Poland and Croatia.
  • Advised two investment funds, Avallon MBO Fund II and Genesis Private Equity Fund III, on the sale of a majority stake in Stangl Technik Holding to SPIE Central Europe.
  • Advised Nethone on the process of acquiring Advent International as a new majority investor and joining the MANGOPAY.com Group.

DWF Poland Jamka Sp.k

DWF Poland Jamka Sp.k provides its clients with an all-encompassing private equity offering, covering the entire lifecycle of transactions, from fund formation and venture capital financing, to exit. Its client roster spans across Europe, Asia, the Middle East and the US. Managing partner and experienced transactional lawyer Michał Pawłowski is a core member of the group, as are Filip Urbaniak, who has a particular focus on work in the energy sector, and Rafał Wozniak, who possesses expertise in both public and private mandates.

Responsables de la pratique:

Michał Pawłowski; Filip Urbaniak; Rafał Woźniak

Autres avocats clés:

Anna Wietrzyńska-Ciołkowska

Principaux clients

Teufelberger GmbH

Meyra Group sp. z o.o.

Dobra Energia dla Olsztyna



Augusta Energy sp. z o.o.

TEMARED sp. z o.o.


Nebo Solar sp. z o.o.

Principaux dossiers

  • Advised Nebo Solar sp. z o.o. on the sale of a portfolio of renewable energy projects with a capacity of 100MW.
  • Advised ONDE S.A. on the acquisition of two special purpose companies operating a portfolio of solar photovoltaic projects with total indicated capacity of 23MW, located in Lower Silesia.
  • Advised the sole shareholder of Unitrailer Holding on the sale of the company to Vaalon Capital.


SSW counts major domestic and foreign private equity houses and venture capital funds in its impressive client base. ‘Business-driven M&A lawyer’ Mateusz Rogoziński helms the team. Senior associate Łukasz Targoński is skilled in the healthcare, renewable energy, telecoms, IT, and video game industries, and Aleksander Nicałek is another key and active associate.

Responsables de la pratique:

Mateusz Rogoziński

Autres avocats clés:

Łukasz Targoński; Aleksander Nicałek; Edyta Mastalerek

Les références

‘I see SSW as a full-scope law firm having specialists from all the areas of law. As a result, they are able to provide all the transactional services under one roof. Since Mateusz Rogoziński joined SSW, they strengthened significantly their legal M&A and PE capabilities.’

‘Mateusz Rogoziński is recognised as a transactional lawyer who is very active in private equity deals. He is appreciated on the market and works with a number of PE houses. He is perceived as very reasonable and business-oriented.’

‘Our perception is that SSW’s team is well-organised, reacting quickly and having extensive experience, including regulatory aspects, especially in the healthcare sector. They have quite a substantial legal team, so are able to handle a couple of M&A deals at the same time and with the same level of commitment and quality, and such capability is a must-have from our perspective.’

Principaux clients

Innova Capital

Pollen Street Capital



Spire Capital

Bencis Capital

Avallon PE

Avia Capital

MCI Capital

Enterprise Investors

Credit Value Investments

Aria Fund

Principaux dossiers

  • Advised Pollen Street Capital on the consolidation of the insurance intermediation market, including on the acquisition of Arrant.
  • Advised a client on the consolidation of the veterinary market in Poland.
  • Advised Innova Capital on the consolidation of the healthcare market, including on the acquisition of Klinika Platinum.

White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.

White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.‘s private equity offering falls within the firm’s corporate, M&A, and capital markets department, headed by office executive partner Marcin Studniarek. The team has demonstrable experience advising on small, mid-sized, and large transactions for clients situated across Poland and Europe, with both domestic and cross-border expertise. Spanning fund formation, acquisitions, portfolio management, and exit strategies, the practice’s offering is broad ranging. Marek Sawicki is another notable name, with substantial knowledge surrounding both the public and private sectors.

Responsables de la pratique:

Marcin Studniarek

Autres avocats clés:

Marek Sawicki; Rafał Kamiński; Maciej Zalewski; Aneta Hajska

Principaux clients

STS Holding

Towarzystwo Finansowe Silesia


Play Group




Principaux dossiers

  • Advised STS Holding, a major sports-betting operator in Poland listed on the WSE, and its majority shareholders on the sale of all their shares in the company to Entain Holdings CEE.

B2R Law Jankowski Stroinski Zieba

B2R Law Jankowski Stroinski Zieba is highly regarded for its expertise in venture capital mandates, and it frequently advises clients on technology-based transactions in Poland and across the wider CEE region. The group is highly adept at assisting major local and international private equity funds with their investments and divestments, in addition to advising on fund formations. Rafał Stroiński chairs the team with a broad client roster encompassing major Polish, CEE-based, and international private equity houses, investment funds, entrepreneurs, management and financial advisors, and institutional investors. Aleksandra Polak left for LSW Bieńkowski, Laskowski, Leśnodorski, Melzacki and Partners sp.k. in June 2023.

Responsables de la pratique:

Rafał Stroiński

Autres avocats clés:

Agnieszka Hajos-Iwańska; George Havaris

Principaux clients


Barings BDC Inc.

Fidiasz EVC


Apis Venture sp. z o.o.

Life Science Innovation Fund

Learn Capital

Next Road Ventures


Pinova Capital

PGNiG Ventures

Paine Schwartz Partners

Stability Capital

Abris Capital

TPG Capital

Resource Partners

Francisco Partners


Partners Group

Goldman Sachs

Kennet Partners

Tar Heel Capital

Principaux dossiers

  • Advised HiTech ASI fund, managed by Vinci S.A., on an investment into OASIS Diagnostics S.A.
  • Advised Graham Partners, a private investment firm targeting technology-driven advanced manufacturing companies, on its acquisition of Taoglas Group Holdings Ltd.
  • Advised Polish unicorn DocPlanner on its acquisition of MyDr, which is its first acquisition on the Polish market.

Deloitte Legal, Ostrowski, Gizicki i Wspólnicy sp.k.

Deloitte Legal, Ostrowski, Gizicki i Wspólnicy sp.k. boasts a multi-disciplinary approach to its private equity work, with the department able to utilise the firm’s strong tax, and banking and finance capabilities to provide clients with an all-encompassing offering; this includes sales, acquisitions, restructurings, and spin-offs, and the group frequently acts on both the buy and sell-side of private equity-backed deals. Tomasz Ciećwierz leads the team with a varied client roster consisting of strategic investors, financial sponsors, high-net-worth individuals, and managers of acquired companies. Ryszard Manteuffel and Jacek Korzeniewski are also names to note.

Responsables de la pratique:

Tomasz Ciećwierz

Autres avocats clés:

Ryszard Manteuffel; Jacek Korzeniewski

Les références

‘The private equity team is, in my opinion, one of the best on the market, and definitely the best I have worked with.’

‘They are flexible, business oriented and great lawyers.’

‘Ryszard Manteuffel’s involvement in any transaction greatly increases the possibility that the deal will happen, which is vastly thanks to his business sense, human approach, creativity and great feeling of balance between legal safety and accepted business risk.’

Principaux clients

A&R Investments Limited

Benhauer sp. z o.o.

Rio Amsterdam

Polmos Bielsko-Biala S.A.

European Imaging Group Limited

McWin Partners

European Imaging Group Limited

Principaux dossiers

  • Advised McWin Partners, a private investment fund, on the acquisition of a company which operates 20 Burger King restaurants in Poland.
  • Advised RIO Asi on a 51% investment in Party Deco sp. z o.o., a Polish producer of party and event materials and accessories.

GESSEL Attorneys at Law

Private equity is a core part of GESSEL Attorneys at Law‘s offering, and it advises private equity and venture capital funds on a whole range of mandates, including buyouts and growth capital transactions, as well as exit strategies. Clients from the energy and TMT sectors often instruct the group. As managing partner and head of the firm’s M&A and private equity practices, Marcin Macieszczak specialises in capital transactions in the public and private arenas. Maciej KożuchowskiMichał Bochowicz, and Karol Sokół are also key names.

Responsables de la pratique:

Marcin Macieszczak

Autres avocats clés:

Maciej Kożuchowski; Michał Bochowicz; Karol Sokół

Principaux clients

Enterprise Investors

Inplus sp. z o.o.


Avallon MBO

Principaux dossiers

  • Advised Enterprise Investors on the process of investment in BISAR SA.
  • Advised Inplus sp. z o.o. on the purchase, from the previous shareholders, of a 100% stake in Smart Factor sp. z o.o.
  • Advised the Avallon MBO fund on the process of preparing, negotiating, and signing transaction documentation for the acquisition of a majority stake in SAT sp. z o.o.

Gide Loyrette Nouel

Paweł Grześkowiak sits at the helm of the private equity and venture capital practice at Gide Loyrette Nouel, with substantial expertise in banking and finance, secured and structured financing, and M&A mandates. The department is highly adept at supporting clients across a plethora of mandates in the private equity arena, from leveraged buyouts and venture capital transactions, to real estate fund acquisitions and exits from investments.

Responsables de la pratique:

Paweł Grześkowiak

Autres avocats clés:

Edyta Zalewska; Marta Karmińska

Les références

‘Knows and understand expectations of international clients, good communication, pragmatic, and gets the deal done.’

‘Paweł Grześkowiak is a standout practitioner.’

Principaux clients


Goodspeed sp. z o.o.


Genesis Capital

Principaux dossiers

  • Advised PKO VC on the sale of its shares in Applica.AI to Snowflake, a cloud data platform.
  • Advised Goodspeed on the process of securing an investor, Polish Enterprise Fund VIII, which is a private equity fund managed by Enterprise Investors.
  • Advised Polish private equity fund V4C and Czech private equity fund Genesis on their concerted acquisition of the XBS Group, a supply chain management and logistics enterprise.

Kochanski & Partners

Kochanski & Partners is adept at advising private equity sponsors and their portfolio companies and investment funds on all stages of the investment process, from fund formation, early-stage venture capital investments, and financings and refinancings, to going-private transactions, leveraged buyouts, and recapitalisations. Its offering also extends to corporate restructurings and exits, including IPOs. Paweł Mardas heads the team. Pawel Cholewinski, Rafał Rapala and are also senior contacts within the group. Szymon Balcerzak departed for Andersen in Poland in June 2023.

Responsables de la pratique:

Paweł Mardas

Autres avocats clés:

Pawel Cholewinski; Rafał Rapala; Malwina Jagiełło; Weronika Duda; Aneta Serowik

Principaux clients

Newcold BV

The Seelig Group

Pacific Media Group


State Street Corporation

State Street Bank

Oxenwood Real Estate (UK)

Beneteau Group



Inovo Venture Partners


Principaux dossiers

  • Advising Newcold BV, a US private equity fund, and its operational business on its investment development in the field of frozen foods logistics, including assisting with the establishment of several holding and operational companies in Poland, purchase of relevant property for greenfield investments in a special economic zone, investments into existing warehouses, acquisition of operational local entities, and financing of investments.
  • Advising Pacific Media Group on the purchase of a majority stake in Polish first-league football club GKS Tychy.
  • Advised the Chamber of Fund and Asset Managers on establishing a dedicated cloud computing implementation industry standard for the investment funds sector.

Konieczny, Wierzbicki Kancelaria Radców Prawnych sp.p.

Konieczny, Wierzbicki Kancelaria Radców Prawnych sp.p. has a diverse client roster, spanning both well-established companies and start-ups from the fintech, medtech, banking, and IT and software industries, as well as investment funds. The private equity group frequently assists with acquisitions and divestments, both domestically and internationally. Praised for her ‘in-depth legal knowledge’, Paulina Opiełka chairs the practice and specialises in entry and exit transactions; she is also active in advising entrepreneurs on commercialisation matters. Managing partners Marcin Wierzbicki and Michał Konieczny are also key names to note, with respective expertise in corporate and real estate law.

Responsables de la pratique:

Paulina Opiełka

Autres avocats clés:

Marcin Wierzbicki; Michał Konieczny; Mateusz Sordyl

Les références

‘I would highly recommend the services of KWKR law firm. The professionalism of the lawyers, as well as their extensive knowledge and experience of MBO and asset deals, ensured that the entire transaction at every stage went according to plan, which allowed both parties to smoothly complete the planned activities.’

‘Paulina Opiełka combines in-depth legal knowledge with excellent understanding of business aspects. She is very responsible, accurate and has good contact with clients.’

‘Michał Konieczny’s greatest virtue is the meticulousness with which he approaches the legal work he performs. His thoroughness has ensured that every action performed as part of the transaction proceeded according to the schedule presented to me. Without a doubt, his extensive and comprehensive legal knowledge in the field of MBO and asset deals deserves mention here.’

Principaux clients

Maximus Capital

Honey Payment

NCBR Investment Fund ASI S.A

Software Mindsp. z o.o.

Epeer sp. z o. o.

Questpass sp. z o.o


KNACKS sp. z o.o.

Adianano sp. z o.o.

Digital Ocean Ventures

WP2 Investment

Ailleron S.A.

Principaux dossiers

  • Advised Software Mind sp. z o.o. on the purchase of seven companies in five different countries (Argentina, the US, Romania, Poland, and Moldova).
  • Advised fintech start-up Epeer on its international takeover by the Canadian company Kings Entertainment Group Inc.
  • Advised Maximus S.A. and Honey Payment on the merger of the two companies, which allowed Honey Payment to enter into public trading in a form of reverse takeover.


Linklaters often undertakes private equity mandates which have a cross-jurisdictional element, including leveraged buyouts and acquisition financings, as well as advising on exit strategies. The team also supports private equity investors who are entering the Polish market. The practice is jointly led by Daniel Cousens and Marcin Schulz.

Responsables de la pratique:

Daniel Cousens; Marcin Schulz

Principaux clients

Astatine Investment Partners

Bain Capital Partners

Cornerstone Investment Managers

Griffin Capital Partners


InfraVia Capital Partners

MidEuropa Partners


Oaktree Capital Management

Polski Fundusz Rozwoju S.A.

Principaux dossiers

  • Advised InfraVia Capital Partners on the acquisition of 50% of Iliad Group’s interest in Polski Światłowód Otwarty sp. z o.o.
  • Advised Astatine Investment Partners on the Polish aspects of the sale of Emitel, a Polish transmission company, to Cordiant Digital Infrastructure, an investment fund focused on digital infrastructure listed on the London Stock Exchange.
  • Advised Cornerstone Investment Management, a private equity investment management firm, on its acquisition of Ecowipes, a major European manufacturer of biodegradable wet wipes, in cooperation with Kartesia, a European specialist financing provider.

Norton Rose Fulbright

Norton Rose Fulbright‘s team handles the entire spectrum of private equity mandates, and it is especially active in Polish buy-out, restructuring, and exit transactions involving local or international funds. Key sectors of strength for the group include financial services, real estate, food and agriculture, transport and logistics, and energy and infrastructure, as well as healthcare and e-commerce. Team head, and corporate and M&A specialist Agnieszka Braciszewska, is lauded as ‘an exceptional lawyer’.

Responsables de la pratique:

Agnieszka Braciszewska

Autres avocats clés:

Aneta Janecka; Maciej Dubiel; Jan Nowjalis

Les références

‘Focus on saving time for the client, great prioritisation of the important things.’

‘Agnieszka Braciszewska is an exceptional lawyer with broad experience of how to sort out complex negotiations to make things happen.’

Principaux clients

Abris Capital Partners


Aegon Growth Capital

Allianz Capital Partners GmbH, London Branch

Aquila Capital Management GmbH

Aquiline Capital Partners

Niam AB

SUSI Partners

Principaux dossiers

  • Advising ACP on the sale of a minority equity stake in Akomex and the repayment of a mezzanine facility.
  • Advised SUSI Partners on a renewable energy joint venture in Poland with a local partner for the acquisition of greenfield photovoltaic and wind projects, development of a retail trading arm with CPPA off-take capabilities, and an electricity-balancing power offering.
  • Advised Aquiline Capital Partners on an investment into a Polish software company.

Schoenherr Halwa sp.k.

Schoenherr Halwa sp.k. frequently advises its diverse client base on domestic and cross-border private equity mandates. Paweł Halwa sits at the helm of the corporate and M&A department, within which the private equity group sits, and he advises private equity houses and portfolio companies on their transactional mandates. Krzysztof Pawlak is another notable member of the department. In team news, Paweł Chyb joined from SSW in January 2024.

Responsables de la pratique:

Paweł Halwa

Autres avocats clés:

Krzysztof Pawlak; Paweł Chyb

Principaux clients


Vaalon Capital



Principaux dossiers

  • Advised a client on the acquisition of a Polish software development company, including assisting with external financing.
  • Advised Vaalon Capital on the indirect acquisition of shares in five companies which produce trailers for cars.
  • Advised Blackstone on the proposed buyout of Atlantia for €58bn.

WKB Lawyers

Jakub Jędrzejak and Ben Davey co-head the private equity practice at WKB Lawyers, which sits within the firm’s corporate and M&A practice. The group is typically instructed by local and international institutional investors, private equity funds, and alternative asset funds. Industries in which the group is especially active include food, fintech and manufacturing. Corporate lawyer Andrzej Wierciński is another notable name in this space.

Responsables de la pratique:

Jakub Jędrzejak; Ben Davey

Autres avocats clés:

Dominik Kulpa; Andrzej Wierciński; Grzegorz Godlewski; Agnieszka Wiercińska-Krużewska; Małgorzata Studniarek

Principaux clients


MB Aerospace

Centrum Rozliczeń Polskie ePłatności S.A.


Neo Energy


Lisner Holding


DPE Deutsche Private Equity Holding

Principaux dossiers

  • Advising Lisner Holding, a member of the German Müller group, on its proposed acquisition of Graal S.A., a major Polish fish processing and canning company, and a number of its subsidiaries.
  • Advising Accel-KKR on the acquisition of a majority of shares in Symfonia sp. z o.o. and its subsidiary.
  • Advised MB Aerospace on the Polish aspects of the sale of the operational group to Barnes Group for an enterprise value of approximately $740m.