Private equity, venture capital

At Mrowiec Fiałek and Partners, our attorneys have exceptional knowledge and extensive experience in advising clients on transactions involving private equity and venture capital funds, representing both companies and their founders and the funds themselves. Our support covers all stages of the investment, from selecting the transaction structure, to due diligence, negotiating transaction documentation, and executing all aspects of the transaction, to consultancy during the investment period and the investment exit process.

Thanks to our many years of experience and a good understanding of the specifics of private equity and venture capital transactions, as well as our excellent knowledge of industry standards, we are able to competently advise our clients and help them achieve their goals.

Our experience encompasses a variety of forms and types of transactions, including:

  • buyouts, including leveraged buyouts,
  • transactions to raise capital for companies at various stages of development, including start-ups and companies at various stages of obtaining financing,
  • recapitalising portfolio companies,
  • exiting investments (sale to industry or financial investors, IPO, management buyout),
  • market consolidations, including acquisitions by the fund’s portfolio companies,
  • creation of vehicles and complex structures designed to conduct investments,
  • developing employment programs as well as incentive and option programs for the managerial staff of portfolio companies,
  • monitoring the course of investments and ongoing advisory services during the investment period, including modifying the investment documentation, providing rescue financing, or other renegotiation of investment conditions.

Our attorneys have experience in advising numerous private equity and venture capital funds operating on the Polish market – experience gained both at our firm and in their previous practice. They have advised clients including:

  • Bridgepoint Private Equity,
  • Advent International,
  • Montagu Private Equity,
  • Value 4 Capital,
  • Custodia Capital,
  • 21 Concordia,
  • ESO Capital,
  • Liberty Global,
  • Innova Capital,
  • Argus Capital,
  • Amundi Private Equity,
  • Societe General Private Equity,
  • Enterprise Investors,
  • KBC Private Equity,
  • Krokus Private Equity,
  • Kulczyk Holding,
  • Harvent Capital sp. z o.o.,
  • ARIA AIFM S.A.,
  • Polish Venture Fund sp. z o.o.,
  • Tar Heel Capital,
  • Xevin Investments sp. z o.o.

We have advised on numerous projects in which the other parties to the transaction were other private equity funds, including Avallon, CVI, and the Carlyle Group.

We regularly advise private equity fund portfolio on market consolidation and add-on transactions. We have often worked in this capacity many times on behalf of Advent International and Innova Capital.

Completed projects

  • Polish ePayments (Centrum Rozliczeń Elektronicznych Polskie ePłatności S.A)

    Advising a company from the Innova Capital portfolio on acquiring 100% of the shares in Top Card sp. z o.o.

  • OCRK sp. z o.o. / Innova Capital

    Advising a company in the Innova Capital fund portfolio on acquiring a majority stake in Marcos Bis.

  • V4C Poland Plus Fund

    Advising a fund managed by Value4Capital on acquiring a minority stake in Dreamcommerce S.A. from other company shareholders.

  • V4C General Partner S.à r.l

    Advice on the sale transaction for the business of the Konsalnet group, which operates in the private security sector, including physical security, GPS monitoring, technical security systems, and video surveillance.

  • Innova Capital

    Advising a private equity fund on the acquisition of Nuss sp. z o.o. by one of its portfolio companies, OCRK sp.z o.o.

  • Polish ePayments (Centrum Rozliczeń Elektronicznych Polskie ePłatności S.A)

    Advising a company from the Innova Capital portfolio on acquiring 100% of the shares in PayLane sp. z o.o.

  • Argus Capital

    Advice on selling a majority share and exiting the investment in KCR S.A.

  • Advent International

    Advising the owner of Wydawnictwa Szkolne i Pedagogiczne S.A. on the transformation transaction and the subsequent takeover of the Szkoła Języków Obcych R. Jeżak sp.z o.o foreign language schools.

  • Advent International

    Advising the owner of Wydawnictwa Szkolne i Pedagogiczne S.A. on the spin-off and takeover of Empik School.

  • Innova Capital portfolio company

    Advice on preparing non-competition agreements for the employees of an acquired limited liability company


Awards and rankings

  • IFLR1000
  • Legal 500
  • Chambers Europe
  • PSIK
  • MergerMarket
  • CEE Mergers and Acquisitions

In the IFLR1000 2021 ranking, Mrowiec Fiałek and Partners were awarded in the field of M&A practice. Partners Zbigniew Mrowiec and Mirosław Fiałek were distinguished as “Highly Regarded” in their fields (Capital Markets and M&A).

In the IFLR1000 2019 ranking, Mrowiec Fiałek and Partners were awarded in the field of M&A practice. Partners Zbigniew Mrowiec and Mirosław Fiałek were distinguished as “Highly Regarded” in their fields (Capital Markets and M&A).

In the IFLR1000 2019 ranking, Mrowiec Fiałek and Partners were awarded in the field of M&A practice. Partners Zbigniew Mrowiec and Mirosław Fiałek were distinguished as “Highly Regarded” in their fields (Capital Markets and M&A).

In the IFLR1000 2018 ranking, Mrowiec Fiałek and Partners were awarded in the field of M&A practice. Partners Zbigniew Mrowiec and Mirosław Fiałek were distinguished as “Highly Regarded” in their fields (Capital Markets and M&A).

In the IFLR1000 2016 ranking, Partner Zbigniew Mrowiec was distinguished as “Highly Regarded” in Capital Markets practice.

In the IFLR1000 2014 ranking, Partner Zbigniew Mrowiec was distinguished as “Highly Regarded” in Capital Markets practice.

In the IFLR1000 2013 ranking, Partner Zbigniew Mrowiec was distinguished as “Highly Regarded” in Capital Markets practice. Clients expressed their satisfaction with the quality of services provided by Zbigniew Mrowiec and the team he runs at Allen & Overy. According to the ranking, “the team is among the 4-5 leading players in Poland – they certainly provide excellent quality, while also taking into account value for money.”

In the IFLR1000 2011 ranking, Partner Zbigniew Mrowiec was distinguished as a “Leading Lawyer” in Capital Markets practice.

In the Legal 500 2019 ranking, Mrowiec Fiałek and Partners were awarded in the field of Commercial, Corporate and M&A practice. Partner Zbigniew Mrowiec was distinguished as a “Leading Individual” in the field of Capital Markets: Equity.

In the Legal 500 2018 ranking, Mrowiec Fiałek and Partners were awarded in the field of Commercial, Corporate and M&A practice. Partner Zbigniew Mrowiec was distinguished as a “Leading Individual” in the field of Capital Markets: Equity.

In the Legal 500 2017 ranking, Mrowiec Fiałek and Partners were awarded in the field of Commercial, Corporate and M&A and Capital Markets practice. Partner Zbigniew Mrowiec was distinguished as a “Leading Individual” in the field of Capital Markets: Equity.

In the Legal 500 2016 ranking, Mrowiec Fiałek and Partners were awarded in the field of Commercial, Corporate and M&A and Capital Markets practice. Partner Zbigniew Mrowiec was distinguished as a “Leading Individual” in the field of Capital Markets: Equity.

In the Legal 500 2015 ranking, Partner Zbigniew Mrowiec was distinguished as a “Leading Individual” in the field of Capital Markets: Equity.

In the Legal 500 2014 ranking, Partner Zbigniew Mrowiec was distinguished as a “Leading Individual” in the field of Capital Markets: Equity.

In the Legal 500 2013 ranking, Partner Zbigniew Mrowiec was named in the area of Capital Markets practice “as head of the capital markets team at Allen & Overy, where he advised financial institutions in connection with the share issue, with subscription rights, of Globe Trade Centre S.A., and advised the Warsaw Stock Exchange in connection with a public bond issue.” Clients indicated Zbigniew Mrowiec as a “brilliant lawyer.”

In the Legal 500 2012 ranking, Partner Zbigniew Mrowiec was distinguished in the area of Capital Markets practice “for the quality of legal advice, project management, and knowledge of the regulatory environment.”

In the Legal 500 2011 ranking, Partner Zbigniew Mrowiec was awarded in the field of Capital Markets practice. Working with the law firm Allen & Overy, he “represented investment banks, Order Book Managers and Transaction Co-Managers in connection with the issue of shares, with subscription rights, by PKO Bank Polski.”

In the Chambers Europe 2014 ranking, Partner Zbigniew Mrowiec was awarded in the field of Capital Markets practice. According to the ranking, “he has earned an enviable reputation for his capital markets skills and has been recommended by clients and other lawyers alike.”

In the Chambers Europe 2013 ranking, Partner Mirosław Fiałek was distinguished as “Up and Coming” in the field of Private Equity practice and was identified as “further building his reputation on the private equity market.”

In the Chambers Europe 2012 ranking, Partner Zbigniew Mrowiec was awarded in the field of Capital Markets practice as “an excellent advisor in the field of capital markets – extremely competent and with extremely extensive knowledge.” Partner Mirosław Fiałek was distinguished as “Up and Coming” in the area of Private Equity practice and was identified as “a lawyer valued both for his particular attention to detail and the ability to see the full picture of the situation” and as “one of the most promising lawyers in the field of private equity in Poland.”

In the Chambers Europe 2011 ranking, Partner Zbigniew Mrowiec was distinguished as a leading legal advisor on the capital market in the area of Capital Markets practice. According to the ranking, he “is an extremely experienced expert with a wealth of knowledge.”

In the Chambers Europe 2009 ranking, Partner Zbigniew Mrowiec was awarded as a leading attorney in the field of Capital Markets practice.

In the Chambers Europe 2008 ranking, Partner Zbigniew Mrowiec was awarded as a leading attorney in the field of Capital Markets practice. According to the ranking, “other lawyers mention his experience and his in-depth knowledge of the functioning of the Polish Financial Supervision Authority, which he gained while working at the institution.”

The Private Equity practice, led by Partner Miroslaw Fiałek, was a finalist in the “legal advisor” category of the PSIK Awards competition, organised by the Polish Private Equity and Venture Capital Association. The law firm was among the four law firms in Poland that were nominated.

In 2019, the Partner Mirosław Fiałek was classified as one of the most active lawyers in the field of M&A practice in the entire CEE region.

In 2018, Mrowiec Fiałek and Partners were recognised as the best boutique law firm of the year, receiving an award at the CEE Mergers and Acquisitions Awards 2018.

  • 2021
  • 2020
  • 2019
  • 2018
  • 2016
  • 2014
  • 2013
  • 2011
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2014
  • 2013
  • 2012
  • 2011
  • 2009
  • 2008
  • 2020
  • 2019
  • 2018
01/09

Alvo sp. z o.o. sp.k.

At Mrowiec Fiałek and Partners, we provide services at a level comparable to that of the largest network law firms. The boutique character and narrow specialisation of our firm are undoubtedly our great advantage. Our transaction was very complex, and the attorneys at Mrowiec Fiałek and Partners were invaluable support for us.

Agata Olszewska Proxy, Alvo sp. z oo sp.k.

Tempo Finanse sp z o.o.

While working together, the team led by Mirosław Fiałek was distinguished by their business approach to the transaction, thorough understanding of the issues, and both highly substantive and effective argumentation during negotiations.

Jarosław Wyrzykowski President of Tempo Finanse sp. z o.o.

ESO Capital

With full conviction, I can recommend the firm as a competent legal advisor in M&A and PE transactions, distinguished by their business approach to the transaction and their incredible commitment. In my opinion, working with the firm had a significant impact on the success of the transaction.

Richard Butler Founding Partner, Chief Operating Office rat ESO Capital

Value4Capital

Mrowiec Fiałek and Partners advised us on the sale of the business operations of a private security group to a company based in Shanghai, China. With full conviction, I can recommend the firm as a competent, reliable, and comprehensive legal advisor in M&A and Private Equity transactions, as well as for transaction services.

Jacek Pogonowski Partner, Value4Capital

Clovin S.A.

During the transaction, the team at the firm had to face challenges arising from a complicated investment process, as part of which an international private equity fund invested in a family company. The transaction documentation prepared by the firm not only comprehensively secured each of the company’s shareholders individually, but also accounted for the specific nature of the company’s operations, based on close cooperation among the existing shareholders.

Arkadiusz Żanowski President of the Management Board, Clovin S.A.

Centrum Rozliczeń Elektronicznych Polskie ePłatności S.A.

The firm was responsible for structuring the transaction our company conducted, as well as for preparing, negotiating, and signing the transaction documents and closing of the transaction. I can definitely recommend Mrowiec Fiałek and Partners.

Marcin Drozdowski Vice President of the Management Board of Polish ePayments (Centrum Rozliczeń Elektronicznych Polskie ePłatności S.A)

OCRK Polska sp. z o.o.

The law firm provided comprehensive and efficient legal advice on the transaction our company conducted. The whole thing went very smoothly and professionally. I definitely recommend the Mrowiec Fiałek and Partners.

Marcin Stencel Member of the Management Board of OCRK Polska sp. z o.o.

CIC sp. z o.o.

We worked with the Mrowiec Fiałek and Partners on two company sale transactions. During this process, the firm proved to be a professional and committed partner, providing comprehensive legal support at every step of the way.

Rafał Błędowski Partner, CIC sp. z o.o.

Yuniversal Development sp. z o.o.

During our cooperation, the team at the firm demonstrated professionalism, experience, and an excellent understanding of both the legal issues and the business environment of the transaction. In our opinion, working with the firm had a significant impact on the success of the transaction.

Wojciech Czyżewski Proxy, Yuniversal Development sp. z o.o.
Practices
  1. 01. Mergers and acquisitions
  2. 02. Private equity, venture capital
  3. 03. Acquiring an investor
  4. 04. Share offers
  5. 05. Bond issues
  6. 06. Due diligence
  7. 07. Restructuring
  8. 08. Real estate
  9. 09. Collateral administration
  10. 10. Investment funds
  11. 11. Acquisitions, capital market transactions
  12. 12. Regulatory advice
  13. 13. Dispute resolution
  14. 14. Obtaining financing
  15. 15. Corporate law
  16. 16. Competition law
  17. 17. Manager option programs
  18. 18. Labour law
  19. 19. Intellectual property
  20. 20. Personal data protection