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Greenberg Traurig advises Innova Capital on the sale of shares in Pekaes

WARSAW – October 16, 2020 Greenberg Traurig represents private equity fund Innova/5 in the exit and sale of shares in Pekaes sp. z o.o. to GEODIS S.A.

Between 2015 and 2016 Greenberg Traurig also advised Innova Capital on the indirect acquisition of a majority stake in PEKAES S.A., followed by the purchase of shares from minority shareholders and the subsequent delisting of the company's shares from trading on the Warsaw Stock Exchange.

Greenberg Traurig advises Innova Capital on all aspects of the ongoing transaction. The scope of legal advice includes the structuring of the transaction, conducting vendor legal due diligence of the company and negotiating the transaction documents.

The Greenberg Traurig team is led by Senior Associate Agata Wiśniewska who is supported by Associate Jakub Tarłowski. Local Partner Anna Hałas-Krawczyk advises on employment matters and Senior Associate Anna Wiśniewska is responsible for real estate aspects of the transaction.

Partner Paweł Piotrowski supervises the Greenberg Traurig team.

Innova Capital is a leading private equity fund in Central Europe with a commitment to mid-market buyouts. Since its establishment in 1994, Innova has invested over EUR 900 million in over 50 companies and across 10 countries in the region.

PEKAES is one of the top logistics operators in Poland, providing its services since 1958. PEKAES provides a comprehensive range of delivery chain services, comprising: general cargo and partial load distribution (national and international), full truck load forwarding, rail, air and sea forwarding, distribution of parcel consignments, terminal logistics as well as bulk goods logistics, arrangement of ferry crossings and customs services. PEKAES employs over 1,200 people in its 20 Polish branches, 3 railway terminals and 6 logistic warehouses.

GEODIS is a top-rated, global supply chain operator recognized for its commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a direct presence in 67 countries, and a global network spanning 120 countries, translates in top business rankings, #1 in France, #6 in Europe and #7 worldwide. In 2019, GEODIS accounted for over 41,000 employees globally and generated EUR 8.2 billion in sales.

Greenberg Traurig

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2200 attorneys serving clients from 40 offices in the United States, Latin America, Europe, Asia, and the Middle East.

Greenberg Traurig Grzesiak sp.k. was named the 2019 and 2018 Most Innovative Law Firm of the Year Award for Poland by International Financial Law Review (IFLR) and the 2017 Law Firm of the Year in Poland by Chambers and Partners. The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution and TMT.

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