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28.03.2023
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A team of lawyers from the Corporate and M&A Practice and Capital Markets and Financial Institutions Practice advised the Würth Group on the acquisition of TIM. DZP’s support involved comprehensive transaction advice, which included conducting a legal due diligence review, negotiating all transaction documents, and preparing a tender offer to purchase shares in TIM, the largest distributor of electrotechnical products in Poland.
Our client is a global leader in the development, production and sale of fastening and assembly materials. Its portfolio also includes an electrical goods wholesaler. By acquiring TIM and joining forces in the electrotechnical distributor market, the Würth Group will secure greater exposure and know-how in the e-commerce area.
The main shareholders of the company being acquired have already committed to sell their shares in response to the tender offer at an agreed price. After the shares in TIM are sold, the company will become an integral part of the Würth Group’s Electrical Wholesale business unit and will continue to operate independently with the current management team.
The client was advised by a team led by Marek Świątkowski and Filip Krężel (who was also the key lawyer who coordinated work for the Würth Group), and composed of: Piotr Jackowski, Margarita Kobojek, Maciej Zajda, Maciej Goszczyk, Joanna Fasula, Radosław Poprawski, Michał Klimowicz, Aleksandra Oślizło and Adam Rzepecki.