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With over a dozen years of experience, Maciej Kacymirow advises leading private equity firms, multinational corporations, and public companies on sophisticated fiscal matters, corporate law, and complex business transactions. Applying his deep knowledge of Polish and multi-jurisdictional tax regulations, Maciej provides proactive guidance on assessing and optimizing tax liabilities associated with cross-border restructurings, mergers and acquisitions, joint ventures, and capital market activities. He also leverages his corporate law expertise to take a holistic approach to clients' business challenges. Maciej structures optimal fiscal and legal outcomes for complex reorganizations, M&A deals, spin-offs, carve-outs, and PE investments. As a trusted advisor, he helps clients weigh risks and rewards of tax strategies related to their business transactions and investments. Maciej is also experienced in handling tax disputes and litigation.

Concentrations

  • Taxation of Corporate Restructurings
  • Taxation of Mergers & Acquisitions
  • Tax Issues Related to the Issuance of Equity and Debt Securities
  • Tax Dispute Resolution
  • Mergers & Acquisitions
  • Corporate Law

Capabilities

Experience

  • Participated in the work for Atlantik S.A. and Pfleiderer Grajewo S.A. (currently, Pfleiderer Group S.A.) in connection with the cross-border reverse takeover and re-IPO of the Pfleiderer Group on the WSE. The total value of the transaction, including the private placement and the repayment in kind, amounted to approx. PLN 744 million.
  • Participated in the work for Polkomtel sp. z o.o. in connection with the reverse merger with Spartan Capital Holdings, which was the last phase of the LBO structure implementation. The value of the transaction was EUR 4.5 billion.
  • Participated in the work for Polski Bank Przedsiębiorczości S.A and FM Bank S.A. in the merger of both banks within the Abris Capital Group.
  • Advised Agora S.A. on tax issues related to the acquisition of a 40% stake in Eurozet sp. z o.o. from SFS Ventures s.r.o.
  • Advised PIB Agency, a part of the international PIB Group, on tax issues connected with the acquisition of Asist sp. z o.o., a leading insurance multi-agency in Poland.
  • Advised Symfonia Sp. z o.o. in connection with the investment by Accel-KKR, a leading global software-focused investment firm.
  • Advised Value4Capital in connection with the sale of 100% of the shares in Kom-Eko to a fund whose sole and exclusive investment advisor is CEE Equity Partners.
  • Advised a Polish subsidiary of Rentokil Initial plc in connection with the acquisition of 100% of the shares in VACO Sp. z o.o.
  • Advised Bricks Acquisitions Limited in connection with the sale of ROBYG S.A. to a wholly owned subsidiary of TAG Immobilien AG. Bricks Acquisitions Limited is owned by Goldman Sachs Asset Management together with funds advised by affiliates of Centerbridge Partners L.P. and ROBYG management.
  • Advised Allianz S.E. in connection with the acquisition of Polish life and non-life insurance operations, as well as pension and asset management business, from Aviva and acquire 51% stakes in Aviva’s life and non-life bancassurance joint ventures with Santander. The value of the transaction exceeded EUR 2.5 billion.
  • Advised a private equity fund Innova/6 on the acquisition of a majority stake in STX Next sp. z o.o.
  • Advised Lee Hecht Harrison, an Adecco Group entity, in connection with the acquisition of the enterprise of Development & Business Consulting Gniazdowski i Partnerzy sp.k., which previously operated as a local representative of Lee Hecht Harrison.
  • Advised Telewizja Polsat sp. z o.o. in connection with establishing strategic cooperation with Eleven Sports Network Ltd. and the acquisition of a majority share in the Polish company Eleven Sports Network sp. z o.o.
  • Participated in the work for Alior Bank in relation to an agreement to acquire Bank BPH’s core business from affiliates of GE Capital.
  • Participated in the work for Empik Media & Fashion S.A. in connection with the sale of shares in Learning Systems Poland S.A. to Bookzz Holdings Limited.
  • Participated in the work for AnaCap in connection with the acquisition of FM Bank PBP.
  • Assisted in the work for Złota 44 sp. z o.o., a joint venture company of Amstar Global Partners Ltd. and BBI Development S.A. in connection with a general contractor agreement regarding the resumption of construction work on Złota 44, a luxurious residential building in Warsaw.
  • Participated in the work for PKO BP Bank in connection with the acquisition of Nordea Bank Poland, Nordea Life and Nordea Finance. The value of the transaction was approx. PLN 3.5 billion.
  • Participated in the work for Budimex in relation to the sale of 100% of the shares in Danwood.°
  • Participated in the work for Spartan Capital Holdings in LBO financing for the acquisition of Polkomtel.°
  • Participated in the work for Cyfrowy Polsat S.A. in connection with obtaining financing for the acquisition of Telewizja Polsat S.A.°
  • Advised investment banks in connection with the initial public offering of shares in Grupa Pracuj S.A. and the admission of its shares to listing on the Warsaw Stock Exchange. The value of the shares sold in the IPO was over PLN 1.1 billion.
  • Participated in the work for Alior Bank in connection with the PLN 2.2 billion public rights offering and issuance of new shares and the admission of the new shares to trading on the WSE.
  • Participated in the work for Bank Pocztowy in connection with the first issue of the Bank’s bonds, part of the public bond issuance program for individual investors with an aggregated value amounting to PLN 1 billion.
  • Participated in the work for Grupa LOTOS S.A. in connection with the PLN 1 billion public offering of shares.
  • Participated in the work for the Joint Global Coordinators: Citigroup Global Markets Limited, DMBH, Société Générale, UBS and Deutsche Bank AG, London Branch, and the Joint Bookrunners: DM PKO BP, DI BRE, DM BZ WBK and Wood&Co in the PLN 238.6 million IPO of Polski Holding Nieruchomości (PHN).
  • Participated in the tax due diligence of PZU S.A. for the purpose of its prospectus and IPO on the WSE.°
  • Advised P3 Logistic Parks in connection with the acquisition of two logistics parks located in Szczecin and Łódź, comprising 61 450 sqm and 34 420 sqm respectively, from logistics property developer 7R.
  • Advised AT Capital Group in connection with the acquisition of a real estate property situated at the intersection of Grzybowska and Żelazna in the Wola district of Warsaw from Golub Gethouse.
  • Advised Multi Veste 339 B.V, an entity owned by funds managed by Blackstone, in connection with the sale of the Forum Gdańsk shopping center situated in the Polish Tricity to NEPI Rockcastle. The transaction was valued at EUR 250 million, which made it one of the largest single asset shopping center investment transactions by value in Europe in 2022.
  • Advised Metropol Group in connection with the acquisition of a shopping centre portfolio, consisting of five regional convenience stores in located in Gdynia, Olkusz, Radom, Świętochłowice and Siemianowice from the subsidiaries of Atrium group. 
  • Advised ISOC Group on the acquisition of the Argon building in the Alchemia office complex in Gdańsk.
  • Advised Tritax EuroBox plc on the acquisition of a technologically advanced logistics facility in Stryków, Central Poland, from one of the Panattoni Europe group companies.
  • Participated in the work for KGAL Investment Management in connection with the tax aspects of the acquisition of Spark C, a 10-story office building located in the Wola district of Warsaw.
  • Assisted in the work for Wrigley Poland sp. z o.o. in connection with its customs issues before the customs authorities.°
  • Participated in the work for Société Générale in connection with the sale of Euro Bank to Bank Millennium.
  • Participated in the work for BNP Paribas Group on the completion of the transaction of the acquisition of the core banking business of Raiffeisen Bank Polska S.A. by Bank BGŻ BNP Paribas S.A. and the related equity investment of PLN 430 million (approx. EUR 100 million) by the EBRD through the acquisition of an approximately 4.5% stake in Bank BGŻ BNP Paribas S.A. from Raiffeisen Bank International AG) and BNP Paribas SA.
  • Participated in the work for Deutsche Bank AG in connection with the sale and demerger of Deutsche Bank Polska S.A.’s local Private & Commercial Banking business to Santander Bank Polska S.A. (formerly Bank Zachodni WBK).
  • Participated in the work for Rentokil Initial in connection with the acquisition of the organized part of an enterprise from Magic Group Polska Sp. z o.o. relating to aroma marketing solutions carried out under the brand AromaCorp.
  • Participated in the work for Zakłady Azotowe Puławy S.A. in its consolidation process with Zakłady Azotowe Tarnów-Mościce, and the creation of Grupa Azoty. The consolidated group is the second largest player in the fertilizers market in Europe.
  • Assisted in the work for Investors Holding in connection with the acquisition of 100% of the shares in DWS Polska TFI.°
  • Participated in the due diligence of Libet S.A., which was acquired by Innova Capital.°
  • Advised a leading company in the field of online recruitment in connection with ongoing corporate and tax issues, in particular related to buy-back, group restructuring, the incentive program for key employees and the bond issue.
  • Assisted in the work in connection with a non-public offer of Impel S.A.’s shares on WSE.
  • Assisted in the work in connection with a settlement reached between PZU S.A.’s shareholders, the Polish Treasury and Eureko concerning the control of the company.°

°The above representations were handled by Mr. Kacymirow prior to his joining GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k.

Recognition & Leadership

  • Selected, International Tax Review, World Tax Leader - Poland, (2023)
  • Chambers Europe: Up and Coming in Tax (2021-2023)
  • EMEA Legal 500: Recommended in Tax (2021-2023)
  • Member, National Chamber of Tax Advisors
  • Member, Warsaw Bar Association of Attorneys-at-Law

Credentials

Education
  • Tax Advisor, 2014
  • Attorney-at-Law, 2013
  • Master of Law, the University of Warsaw, 2009
Languages
  • Polish, Native
  • English, Fluent