Asseco Poland Sells Major Stake in PLN 1 Billion Deal
Deal News | Feb 07, 2025 | White & Case
White & Case LLP, a global law firm, has advised Asseco Poland S.A. and the Adam Gral Family Foundation on their sale of 12,318,863 treasury shares to Yukon Niebieski Kapital B.V., a subsidiary of Total Specific Solutions (TSS). This transaction, valued at over PLN 1.047 billion and comprising 14.84% of Asseco Poland's total capital, will see TSS's ownership rise to 24.84% post-regulatory approval. Asseco Poland, a major software company with a wide international footprint, seeks to harness this partnership for enhanced growth within the Asseco Group. The transaction reflects one of the largest in the software sector in Central & Eastern Europe in recent years, both facilitated by White & Case.
Sectors
- Software Industry
- Legal advisory
- Mergers and Acquisitions
Geography
- Poland – Asseco Poland is based in Poland, which is central to the transaction.
- Europe – Total Specific Solutions, the buyer, is a European software group, indicating a broader geographical impact on the European sector.
Industry
- Software Industry – Asseco Poland is engaged in software development and has significant operations throughout Poland and Eastern Europe. The deal involves a company (Asseco) within this sector.
- Legal advisory – White & Case LLP, a legal advisory firm, played a critical role in facilitating the financial transaction between Asseco Poland and TSS.
- Mergers and Acquisitions – The transaction involves the sale of shares and a significant change in ownership structure of Asseco Poland, which is a typical activity within M&A.
Financials
- PLN 1.047 billion – The total value of the treasury shares sold by Asseco Poland.
- PLN 85 per share – The price at which each share was sold during the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Asseco Poland S.A. | Target company | Company | The largest software company in Poland and Central & Eastern Europe, selling a significant portion of its shares. |
| Adam Gral Family Foundation | Selling Company | Company | Coordinated with Asseco Poland for the sale of shares to TSS. |
| Yukon Niebieski Kapital B.V. | Buying Company | Company | A subsidiary of Total Specific Solutions, it is purchasing the shares from Asseco Poland. |
| Total Specific Solutions (TSS) | Industry Investor | Company | A European software group enlarging its stake in Asseco Poland to enhance collaborative growth. |
| White & Case LLP | Legal Advisor | Company | Facilitated the deal between Asseco Poland and TSS with its legal expertise. |