CCC Acquires Minority Stakes in Modivo with Greenberg Traurig's Assistance
Deal News | Feb 24, 2025 | CEE Legal Matters
Greenberg Traurig has advised CCC in its strategic acquisition of a 22.81% minority stake in Modivo for a total valuation of approximately PLN 1.41 billion. The acquisition deal includes CCC paying PLN 1.36 billion from a new issuance of up to 10 million shares, with an additional provision of PLN 50 million through subscription warrants. The legal advisory team from Greenberg Traurig consisted of Partner Rafal Sienski, Local Partner Mateusz Zalenski, Senior Associate Grzegorz Socha, and Associate Kamil Nagawski. Krassowski advised the minority shareholder of Modivo, Orion 47 Damian Zaplata, in the sale of the stake. Their team included Partner Krzysztof Makosz and Associate Julian Kwiatkowski. This transaction signifies CCC's strategic positioning and expansion in the competitive retail segment.
Sectors
- Retail
- Legal Services
Geography
- Poland – The involved companies, CCC and Modivo, are based in Poland, and the transaction is valued and carried out in Polish currency, PLN.
Industry
- Retail – CCC and Modivo are involved in the retail sector, focusing on consumer goods, and this transaction further establishes their strategic corporate actions within this industry.
- Legal Services – The transaction involves legal advisory services by firms Greenberg Traurig and Krassowski, highlighting the integral role of legal expertise in corporate buyouts and M&A activities.
Financials
- PLN 1.41 billion – Total valuation of the transaction for acquiring a 22.81% stake in Modivo.
- PLN 1.36 billion – Amount to be paid by CCC from the planned issue of up to 10 million shares.
- PLN 50 million – Additional payment via subscription warrants.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CCC | Buyer | Company | CCC is a major Polish retail company acquiring a minority stake in Modivo. |
| Modivo | Target | Company | Modivo is being partially acquired by CCC in this transaction. |
| Orion 47 | Seller | Company | Orion 47, owned by Damian Zaplata, is selling its minority stake in Modivo to CCC. |
| Greenberg Traurig | Legal Advisor | Company | Greenberg Traurig provided legal advice to CCC for the acquisition of the minority stake in Modivo. |
| Krassowski | Legal Advisor | Company | Krassowski advised Orion 47, the minority shareholder selling its stake in Modivo. |
| Damian Zaplata | Minority Shareholder | Person | Damian Zaplata is associated with Orion 47, which sold its minority stake in Modivo to CCC. |