WARSAW – 29 May 2025 – Greenberg Traurig advised private debt funds managed by CVI and Flexam Invest in connection with the financing in the form of senior secured bonds issued by CTL Logistics.
The proceeds of the issue were used, among other things, to refinance CTL's existing indebtedness. This transaction was Flexam’s first transaction in Poland to date.
The cross-border team was led by Counsel Paweł Długoborski and Associate Małgorzata Czarnecka, and also included the following lawyers from the Greenberg Traurig Warsaw office: Senior Associate Jakub Walawski, Senior Associate Samanta Wenda-Uszyńska and Junior Associate Damian Kossakowski.
The Berlin office team advising on the German law aspects of the transaction was led by Senior Associate Christopher Ghabel, supervised by Partner Claudia Hard.
Partner Piotr Nerwiński provided strategic advice and supervised all work on the transaction.
CVI is an independent, team owned, asset manager focusing on private debt strategies in Central Europe, with total assets under management of nearly EUR 1 billion. Since its inception in 2012, CVI has completed more than 750 private debt investments, having invested almost EUR 3 billion in private debt in Poland and 9 other countries in the region within the European Union. CVI provides companies with a full spectrum of solutions including senior, junior, unitranche, mezzanine and structure equity, with typical tickets ranging from EUR 2 to 25 million (and more with co-investors). CVI cooperates with various international financial institutions, most notably with EIF, EBRD, PFR. CVI is a regulated entity under supervision of Polish Financial Supervision Authority. Currently one of the Luxembourg private debt funds managed by CVI is in the process of fundraising with target value of EUR 300 m (as of March 2025, fund reached EUR 181 m).
Flexam Invest has been supporting unlisted European small and mid-caps since 2011, by financing their growth and transformation capex. It specializes in financing tangible BtoB real assets with a decarbonization angle, across the fields of supply chain (intermodal rail-road solutions, electric port vehicles, logistics robotics solutions), mission critical services (rescue helicopters, assistance boats, etc.), and regional development. With more than EUR 700 m of assets financed historically, Flexam Invest became part of the Kartesia group in 2023, a major player in private debt, with around EUR 7 billion of assets under management.