Hollywood Group Completes Sale of HTS Rental to Lindstrom
Deal News | Feb 18, 2025 | CEE Legal Matters
Wardynski & Partners, a prominent law firm, has advised Hollywood Group in the sale of all of its shares in the Polish company HTS Rental to Lindstrom. Hollywood Group, supported by the private equity firm 21 Concordia, operates primarily in the laundry services and textile rental industries. Meanwhile, MFW Fialek provided legal counsel to Lindstrom, the buyer. The transaction marks a significant move in the textile servicing and rental sector in Poland.
Sectors
- Textile Services
- Private Equity
- Legal Services
Geography
- Poland – HTS Rental, the target company, is Polish, and legal activities related to the sale took place in Poland.
Industry
- Textile Services – The industry involves servicing, renting, and managing various textile products, as represented by companies like HTS Rental and Hollywood Group.
- Private Equity – Private equity is a sector where investment firms acquire partial or full control of companies. In this case, 21 Concordia backs Hollywood Group, indicating PE involvement.
- Legal Services – Legal services are relevant due to the involvement of Wardynski & Partners and MFW Fialek in advising the parties on the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HTS Rental | Target Company | Company | A Polish textile servicing and rental company. |
| Hollywood Group | Vendor | Company | A company operating in the textile servicing industry, backed by 21 Concordia. |
| Lindstrom | Buyer | Company | The acquiring company in the transaction. |
| Wardynski & Partners | Legal Advisor to Vendor | Company | A legal firm that advised Hollywood Group on the transaction. |
| MFW Fialek | Legal Advisor to Buyer | Company | A legal firm that advised Lindstrom on the transaction. |
| 21 Concordia | Private Equity Backer | Company | A private equity firm backing Hollywood Group. |