Szopex Founders Sell 75% Stake to CCC Group
Deal News | Feb 05, 2025 | CEE Legal Matters
In a strategic move to bolster its premium segment, CCC Group has acquired a 75% stake in Szopex, a company that owns sportswear and footwear retailers such as SklepBiegacza, WarsawSneakerStore, and SKstore. The transaction is valued at PLN 27.8 million, with half payable in cash and the other half potentially through CCC's Modivo shares. The agreed-upon terms also include a call option for the remaining 25% of Szopex, contingent on its performance by 2028. This acquisition, advised by Gessel for Szopex and Oles, Rysz, Sarkowicz for CCC, is still pending regulatory approval. The legal teams involved comprised key personnel from both advisory firms, ensuring diligent oversight of all procedural aspects of the deal.
Sectors
- Retail
- Private Equity
Geography
- Poland – Both the acquiring and target companies, CCC Group and Szopex, are based in Poland, which is relevant for local regulatory approval.
Industry
- Retail – The transaction involves Szopex, which operates in the sportswear and footwear retail industry through both physical and online store platforms.
- Private Equity – The deal is a transaction involving company shares and strategic investments, aligning with CCC Group's business strategy.
Financials
- PLN 27.8 million – The base price for the 75% stake in Szopex, with half payable in cash and half potentially through CCC's Modivo shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Szopex | Target Company | Company | A company owning sportswear and footwear retailers such as SklepBiegacza, WarsawSneakerStore, and SKstore. |
| CCC Group | Bidding Company | Company | A company acquiring a 75% stake in Szopex to enhance its premium segment. |
| Gessel | Legal Advisor for Szopex | Company | A law firm advising the founders of Szopex on the sale. |
| Oles, Rysz, Sarkowicz | Legal Advisor for CCC Group | Company | A legal firm advising CCC Group on their acquisition of the share in Szopex. |