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Wielton S.A., the largest in Poland and a leading European manufacturer of trailers and semi-trailers, has acquired a 100% shareholding in one of the largest trailer manufacturers on the UK market – Lawrence David Limited.
The transaction was split into two stages. In the first, Wielton S.A. acquired 75% of shares for GBP 26 million, while the remaining 25% will be purchased by 2022 at a price calculated in accordance with an earn-out formula, which will not exceed GBP 22 million. As a result, the total transaction value could exceed the equivalent of PLN 200 million.
The DZP lawyers who advised Wielton S.A. were: Przemysław Furmaga, Partner in the Corporate and M&A Practice, project leader, supported by Robert Niczyporuk, Partner in the Corporate and M&A Practice, and Adam Pawlisz, Senior Associate in the Practice. The DZP team worked closely on the transaction with other Wielton advisers, i.e. JP Weber. The JP Weber advisers who worked on the project were Gregor Piechowiak, Managing Partner, and Kamil Olejnik, Business Adviser. DZP also cooperated closely with the London team of the international law firm, Watson Farley & Williams, headed by Jan Mellman, Partner in the Corporate Team, supported by, inter alia, Hayley Arrow, Senior Associate in the Corporate Team.
This is another foreign acquisition of our client and the next on which we advised. Previously, we supported Wielton in, inter alia, the take-over of leading trailer manufacturers in France and Germany. This is also another successfully completed example of our Go Global strategy.
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