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DLA Piper and Grant Thornton Advise on Acquisition of Victoria Cymes

DLA Piper and Grant Thornton Advise on Acquisition of Victoria Cymes

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DLA Piper has advised Bracia Sadownicy and its founders on joining forces with minority investor Syntaxis Capital – providing a mezzanine loan – to acquire Victoria Cymes. Grant Thornton advised both the buyer and the investor on due diligence for the target. CMS reportedly advised Syntaxis Capital.

Bracia Sadownicy, located in Smilowice, operates in the orchard and fruit and vegetable processing market and offers a wide range of apple-based products, including juices, purees, and beverages.

Walcz-headquartered Victoria Cymes, in operation since 1981, has a portfolio of more than 160 products, including syrups, beverages, and water in addition to fresh juices, HPP-fixed juices, pasteurized juices, and smoothies. The company employs approximately 160 people and has around 140 collaborators.

Syntaxis Capital is a private debt investor dedicated to providing growth credit for mid-market companies.

According to Grant Thornton, "the business objective of the newly formed group is to double its turnover within three years (estimated at around PLN 200 million in revenue for the current year) and build one of the strongest and most efficient direct distribution networks for fresh products in Poland."

The DLA Piper team included Partner Jakub Domalik-Plakwicz, Senior Associate Michal Banasiak, and Associate Jakub Niemiec working on the transaction, with Senior Associate Aleksander Haleniuk and Junior Associates Szymon Piotrowski and Jakub Wiatrzyk working on the financing.

The Grant Thornton team included Partner Katarzyna Ciesielska.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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