Asseco Poland Attracts TSS with 25% Stake Acquisition
Deal News | Feb 18, 2025 | CEE Legal Matters
Total Specific Solutions (TSS), a subsidiary of Topicus.com and a prominent European provider of vertical market software, is set to acquire up to 25% minority stake in Asseco Poland through its subsidiary, Yukon Niebieski Kapital. This transaction is contingent upon necessary regulatory approvals and a shareholders agreement will be formed between TSS and the Adam Goral Family Foundation. Legal guidance for this deal is furnished by Clifford Chance, representing TSS, and White & Case, representing Asseco. Clifford Chance is further supported by Trigon, while Dubinski, Jelenski, Masiarz and Partners counsel the Adam Goral Family Foundation. The acquisition signifies TSS's strategic expansion in the European software industry, particularly in the Polish market.
Sectors
- Software and IT Services
- Legal Services
Geography
- Poland – Asseco Poland, the target company, is based in Poland, making the geographic focus of the transaction primarily Polish.
- Europe – TSS is a European company, indicating a broader geographical context for the transaction within the European market.
Industry
- Software and IT Services – The article involves companies TSS and Asseco Poland, both of which operate within the software and IT services industry, dealing notably with vertical market software.
- Legal Services – Both Clifford Chance and White & Case are legal firms advising on the transaction, underscoring the role of legal services in M&A transactions.
Financials
- – The financial specifics of the deal such as the price or valuation are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Total Specific Solutions | Bidding Company | Company | A subsidiary of Topicus.com and a European provider of vertical market software. |
| Asseco Poland | Target Company | Company | A Polish IT firm serving as the target company for the minority stake acquisition. |
| Clifford Chance | Legal Advisor | Company | A law firm advising Total Specific Solutions on the acquisition. |
| White & Case | Legal Advisor | Company | A law firm advising Asseco Poland in the transaction. |
| Adam Goral Family Foundation | Other Company | Company | Shareholder involved in the transaction cooperating under a shareholders agreement with TSS. |
| Trigon | Other Company | Company | Company working with Clifford Chance in advising TSS. |
| Dubinski, Jelenski, Masiarz and Partners | Legal Advisor | Company | Reportedly advised the Adam Goral Family Foundation shareholders. |