One of the largest transactions in the food sector in the history of Polish M&A

We are pleased to announce that the Romanowski & Partners team, comprising Michał Romanowski, Aleksander Orzeł, Weronika Stefaniuk and Maksymilian Jabłecki, advised the co-owner and founder of Graal Group on the sale of the company controlling Graal to Lisner, part of the UTM Group (Unternehmensgruppe Theo Müller).

Over the course of several months, we provided comprehensive advice, particularly in relation to the negotiation of the transaction documentation. This transaction is one of the largest in the Polish food market in recent years.

We would like to thank our clients and everyone involved in this process: Abris Capital Partners, Rothschild & Co, Clifford Chance Poland (which advised the Sellers), Lisner and WKB Lawyers (who advised the Buyer).

“I would like to extend my special thanks to Weronika Stefaniuk and Aleksander Orzeł for their outstanding professionalism and the contribution they made to ensuring the transaction was successfully completed. Our firm has been advising Graal’s founder, Mr Bogusław Kowalski, since 2020. It was a highly complex transaction due to numerous factors, which we have managed to resolve over the years. Our advice went well beyond standard transaction advisory services. We acted as a strategic and multidisciplinary advisor. I would like to thank Mr Bogusław Kowalski, Ms Justyna Frankowska and Mr Piotr Kowalski very much for the trust they have placed in us throughout this dilemma-filled process over all these years. There were many twists and turns. Transactions like this are very rare,” commented Prof. Michał Romanowski.