PwC advised funds managed by Aberdeen Standard Investments on a transaction in renewable energy
18/01/21
The M&A Team of PwC Poland, for the second year in a row, leads the Mergermarket ranking for the Polish market by the number of transactions completed in 2020. Last year, as the lead transaction advisor (M&A), the PwC team headed by Adam Demusiak and Marcin Byrt finalised 14 transactions in Poland worth a total of more than PLN 4,0 billion (USD 1,0bn).
Mergermarket is a prestigious online service that focuses on transactions and business intelligence. The annual ranking is based on the analysis of intelligence from the global M&A market. It includes deals completed during the year, with the individual value of more than USD 5 million and involving sales of at least 30% of the shares in the target company. For the majority of transactions in the private market, the transaction values are confidential, and therefore they are not included in Mergermarket data.
Due to the pandemic situation, the transaction market last year was completely different. Adaptation to the dynamic volatility of the markets and a series of restrictions was necessary – for example, some transactions were executed completely remotely, without physical meetings with investors. The M&A activity was particularly high in sectors with a relative good resilience to the COVID‑19 impact, such as Infrastructure or TMT. We recorded a great number of spin‑offs from global corporations – such as the sales of Soraya and Dermika from Orkla Polska’s portfolio to Bielenda or the sales of the Polish Sage business to Mid Europa Partners. Polish entrepreneurs are also investing with a growing boldness – directly or through the family office; the acquisition of Corab by Michał Sołowow’s Black Forest fund is an impressive example. An increase in international acquisitions by Polish entrepreneurs can be expected.
Last year, PwC served as the lead advisor in transactions for shareholders of such entities as Corab, Masterchem, Veracomp, Pekao, Apaczka or Scanmed. The company worked also with top Private Equity funds, such as Innova, Abris, Aberdeen Standard, Permira, Carlyle and DIF, as well as with the leading capital groups, including Black Forest. In 2020, the value of all transactions in which PwC was involved in Poland exceeded PLN 4,0 billion.
The Deals Platform at PwC Poland is a team of more than 150 experts specialising in complex transaction processes, with particular focus on mergers and acquisitions, strategic consulting and commercial due diligence, financial due diligence, tax due diligence, financing and restructuring as well as evaluation and financial modelling.
PwC’s Deals Platform consultants advise clients throughout all stages of a transaction’s lifecycle – from generating the deal concept, identifying the target company, working out a strategy, and bringing the deal to fruition, all the way to completing integration and creating value in the post-deal period. With the team’s comprehensive competencies, we can deliver different projects, from developing tax strategies to transaction financing, for both the selling and the acquiring party, private equity funds, industry investors and private investors.
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