Wolf Theiss has advised Latvian private equity fund INVL Baltic Sea Growth Fund and its portfolio company Eco Baltia on the acquisition of a 70% stake in Polish PVC recycler Metal-Plast. Ozog Tomczykowski advised the target's shareholders on the sale. Sorainen reportedly advised INVL and Eco Baltia as well.
Metal-Plast Founder Sebastian Fedorowicz remains on board with a 30% stake in the business. Metal-Plast is a European player in the recycling of PVC from the production waste of window and door systems and old plastic windows.
Eco Baltia specializes in environmental management and waste processing in the Baltic countries.
"Metal-Plast represents the eighth portfolio investment of the INVL Baltic Sea Growth Fund. The circular economy remains one of our core investment pillars and we are delighted to again partner with one of the most successful portfolio companies to date in Eco Baltia and [Sebastian] Fedorowicz to further drive Metal-Plast’s exciting growth journey.” INVL Baltic Sea Growth Fund Partner and Eco Baltia Supervisory Board Chairman Vytautas Plunksnis commented.
The Wolf Theiss team was led by Counsel Maciej Olszewski and included Partner Jacek Michalski, Counsels Marcin Rudnik and Adrian Krzyzanowski, Senior Associate Marcin Zak, and Associate Dominika Getka.
The Ozog Tomczykowski team included Partner Karol Sowa, Managing Associate Adam Trawinski, Senior Associates Roksana Barysz, Renata Sobocinska, and Jedrzej Figurski, and Associates Oliwia Rudzinska, Szymon Rozum, and Agnieszka Karczewska.