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DZP advised Idea Bank SA on the sale of GetBack SA, a non-performing loan recovery business, and on the related reorganisation of its debt portfolio. The transaction value was PLN 825 million. The buyer was the private equity fund Abris Capital Partners and co-investors.
We carried out a legal due diligence of GetBack (vendor’s due diligence) and advised on the transaction structure and in negotiating the transaction documents.
The GetBack sale demonstrates Idea Bank and Getin Holding Group's approach to this type of transaction, particularly its intent to maintain current business links and rules of cooperation between the seller and the target.
The project was handled by experts in DZP's Capital Markets and Financial Institutions Practice: Andrzej Foltyn, Magdalena Skowrońska, Krzysztof Strzęboszewski and Tomasz Kalicki.
From 25 May 2018 the General Data Protection Regulation (GDPR) applies in Poland and other European Union countries. We would therefore like to give you several details on the subject of how DZP processes personal data.
The administrator of the personal data is Domański Zakrzewski Palinka Sp.k. (“DZP”; address: Rondo ONZ 1, 00-124 Warszawa). Data are processed for contact purposes and to impart information on changes to provisions and authority practices and on other issues, including events concerning day-to-day legal, economic and cultural issues, inter alia, by sending DZP newsletters. The above is carried out on the basis of legitimate interests, i.e. in accordance with art. 6(1)(f) of the GDPR. Data can also be processed where necessary for the conclusion or performance of a contract and for compliance with a legal obligation to which DZP is subject, i.e. pursuant to art. 6(1)(b) and (c) of the GDPR. Data can be transferred to entities with whose help DZP achieves the indicated aims, including entities maintaining IT infrastructure. Giving data is voluntary and in contractual relations is a requirement for concluding and performing a contract. It is possible to object to data processing, request access to, rectification and erasure of personal data or restriction of processing and data portability. Data are kept until an objection is made, and in contractual relations – throughout the term of the contract and thereafter for a period specified in provisions on archiving and limitations period for claims. Anyone has the right to file a complaint with the President of the Personal Data Protection Office. Questions concerning privacy at DZP can be sent to DZP’s Data Protection Inspector, Macieja Maciejewskiego, at: firstname.lastname@example.org.
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