Linklaters advises PESA on its investment deal with PFR


Linklaters has advised PESA Bydgoszcz, the largest Polish rolling stock manufacturer, on the signing of an investment agreement with the Polish Development Fund (PFR). Under this agreement, a fund managed by PFR will take over nearly 100% of the company's shares and will invest PLN 300m into its operations.

The transaction has been approved by the Polish Competition Authority.

A team of Linklaters lawyers provided comprehensive advice to the PESA Group on all aspects of the company’s debt restructuring and the sale of its shares to PFR S.A. The transaction team was led by Marcin Schulz, partner, and Szymon Renkiewicz, managing associate in the Warsaw corporate/M&A practice, supported by Klaudia Królak, Ewa Szmigielska and Jakub Woźniak. Jarosław Miller, partner, head of the Warsaw banking & finance practice, supported by Agata Brzózek and Marta Domino advised on the restructuring aspects of the deal.