Gessel has advised the partners and founders of the Profit4You Group on the sale of the company to the TEP Capital fund. Noerr advised the TEP Capital private equity fund.
The transaction remains contingent on regulatory approval.
TEP Capital is a Polish private equity fund founded in 2020 that focuses on investments in Polish manufacturing companies. This is the first transaction through which TEP Capital is moving beyond its current investment focus.
Profit4You specializes in the direct recruitment of foreigners in the logistics and production process outsourcing industry.
According to TEP Capital Managing Partner Tomasz Wozniak, "with a low unemployment rate and an aging population, it is becoming increasingly difficult to find employees and, therefore, sustain key processes for production or logistics operators." He expects demand for Profit4You's services to grow well beyond TEP’s investment horizon.
The Gessel team was led by Partner Maciej Kozuchowski and Senior Associate Diana Strzalkowska-Grad and included Partners Adam Kraszewski, Dominika Ramirez-Wolkiewicz, and Malgorzata Badowska, Counsels Agnieszka Nowacka and Klaudia Krawiec-Guz, Senior Associates Majka Rucinska, Kasia Olszak, Michal Bragiel, Marcin Iwaniak, Karolina Olszewska, and Natalia Lesna, Associate Karolina Sobola, and Junior Associate Jakub Dolhun.
The Noerr team was led by Associated Partner Karol Kicun and included Senior Associates Katarzyna Zwierz-Wilkocka, Jaroslaw Karlikowski, Agnieszka Besiekierska, and Pawel Hoc, Associate Ada Zahorodna, and Legal Advisor Gustaw Steinke.