Marcin Studniarek | White & Case LLP International Law Firm, Global Law Practice
Marcin Studniarek
Marcin Studniarek

Marcin Studniarek

Partner, Warsaw

T +48 22 50 50 132

T +48 22 50 50 100

E mstudniarek@whitecase.com

in LinkedIn profile

“Marcin Studniarek is widely praised for his ‘co-ordination skills, strategic advice and pragmatic approach… The academic background he has allows him to suggest solutions that a regular lawyer would not come up with… which is a great plus.’ ”

Chambers Global 2014

Overview

The executive partner of White & Case's Warsaw office, Marcin Studniarek also heads the Firm's Capital Markets and Mergers and Acquisitions practices in Poland. Marcin advises clients on commercial and securities law and M&A transaction matters, as well as corporate governance issues.

He is ranked as a recommended lawyer in in the fields of Equity Capital Markets, Debt Capital Markets and Corporate/ M&A by respected legal directories, including Chambers Europe, Chambers Global, The Legal 500 and the IFLR 1000.

Marcin's reputation is based on his significant track record, supporting domestic and international clients with challenging, large-scale deals. His ability to steer clients from a wide range of industries through the most intricately structured of cross-border transactions has been demonstrated by his involvement in a number of ground-breaking deals.

These include several market "firsts", including the privatization and IPO of PKP CARGO S.A., which was the first ever successful IPO of an EU-based rail freight operator, and the IPO of Lubelski Węgiel Bogdanka S.A., which was the first-ever IPO of a coal mine on the Warsaw Stock Exchange (WSE).

Committed to helping clients execute major transactions, regardless of their size, complexity or innovative aspects, Marcin has worked on a number of deals noted for their unprecedented scale within the Polish market. He was closely involved in EQT's acquisition of HTL-Strefa S.A., which was the largest P2P deal executed by a Private Equity (PE) fund in the history of the WSE. Marcin also worked on the largest accelerated book-building process in the history of the Polish capital market, which involved the Polish State Treasury and Bank Gospodarstwa Krajowego's sale of its shares in PKO BP S.A.

Among his notable debt capital markets projects, Marcin advised mobile telecommunications operator P4 on its landmark dual-tranche high-yield bond issue. When completed, this was both the largest high yield deal in central and eastern Europe and the first-ever Polish zloty-denominated high-yield bond issued on the international capital markets.

The breadth of Marcin's knowledge of his field is based on both his extensive transactional track record, and the valuable experience he gained prior to joining White & Case. He worked for a number of years at BRE Bank S.A., where he was involved in the bank's new investment projects, and spent six years in the Warsaw office of another leading global law firm. Marcin also spent a year as adviser to the Polish Minister of Infrastructure.

Bars and Courts

  • Legal Adviser, Regional Chamber of Legal Advisers in Warsaw

Education

  • LLM, Warsaw University, Faculty of Law and Administration
  • Master of Economics, Warsaw School of Economics

Languages

  • Polish
  • English
  • Russian

Experience

PZU S.A., 2014

Represented BofA Merrill Lynch, Deutsche Bank, UBS Investment Bank, Citigroup and Goldman Sachs International as Joint Lead Managers in connection with the issuance and Reg S offering of €500 million 1.375% Guaranteed Notes due in 2019 of PZU Finance AB (publ), a financial vehicle of PZU S.A., Poland's largest insurance company in terms of gross written premiums.

Echo Investment S.A., 2014

Represented Echo Investment S.A., Poland's leading real estate developer, in connection with the establishment of a PLN 200 million Polish bond program. This was one of the first domestic public offerings in Poland aimed at a pool of individual investors.

PKP PLK S.A., 2014

Represented PKP PLK S.A., the state-owned railway infrastructure operator, in connection with a PLN 2.2 billion bond issue, guaranteed by the State Treasury.

PKP CARGO S.A., 2014

Represented Morgan Stanley & Co. International plc, Powszechna Kasa Oszczędności Bank Polski S.A. Oddział – Dom Maklerski PKO Banku Polskiego w Warszawie, Société Générale acting as joint global coordinators in accelerated book-build transactions involving 17.03% of the shares of PKP CARGO S.A., which were sold by its shareholder, Polskie Koleje Państwowe S.A. The shares were offered to institutional investors outside the US in reliance on Regulation S and in the US to QIBs as defined in Rule 144A under the US Securities Act. Value of the transaction: PLN 583 million (€140 million).

PKP CARGO S.A., 2013

Represented Goldman Sachs, Morgan Stanley and DM PKO BP acting as global coordinators and joint bookrunners, Ipopema Securities, Raiffeisen Centrobank AG and UniCredit acting as joint bookrunners and DI Investors and Mercurius DM acting as domestic co-bookrunners, in connection with the privatization and PLN 1.42 billion (US $460 million) IPO of PKP CARGO S.A., the state-owned rail freight operator. This transaction was the first successful IPO of an EU-based rail freight operator and consisted of a public offering in Poland and an international offering to institutional investors outside Poland and the US under Regulation S, and to qualified institutional buyers in the US under Rule 144A.

Jastrzębska Spółka Węglowa, 2011

Acted as company counsel in connection with the IPO of one of the major Polish coal mines on the WSE. The transaction consisted of the sale by Poland's State Treasury of shares representing a 33.1% stake in JSW worth PLN 5.37 billion (US $2 billion) by way of a public offering in Poland and an international offering to institutional investors outside Poland and the US under Regulation S, and to qualified institutional buyers in the US under Rule 144A. The transaction was the largest privatization and IPO in Poland in 2011, the fourth largest IPO in the history of the WSE, and the second largest European IPO in the first half of 2011.

Jastrzębska Spółka Węglowa, 2013

Acted as company counsel in connection with admission and introduction of employees' shares to trading on the WSE S.A.

PKO BP S.A., 2013

Represented Citi, Deutsche Bank and DM PKO BP acting as global coordinators and joint bookrunners and Credit Suisse, Banco Espírito Santo, Goldman Sachs, Ipopema Securities and Societe Generale acting as joint bookrunners in PLN 5.2 bn (€1.2 bn) accelerated book-build transactions involving 12.25% of the shares of PKO BP S.A., which were sold by the Polish State Treasury and Bank Gospodarstwa Krajowego. The transaction was the largest accelerated book-building process in the history of the Polish capital market.

Prime Car Management S.A., 2014

Acted as managers' counsel of Banco Espirito Santo de Investimento, Oddział w Polsce, Jefferies International Limited and Dom Maklerski mBanku in connection with the PLN 210 million IPO and WSE listing of shares of Prime Car Management S.A., one of the leaders in car fleet management and leasing services in Poland.

Vattenfall AB, 2014

Represented Vattenfall AB, one of Europe's largest generators of electricity and the largest producer of heat, in connection with the €250m sale of its minority stake in Polish utility Enea SA. The entire stake, representing 18.67% of Enea's share capital, was sold by way of an accelerated bookbuilding placement. Deutsche Bank AG, London Branch and ING Securities S.A. acted as joint bookrunners.

Awards & Recognition

Leading Lawyer in Equity Capital Markets, Debt Capital Market and Corporate/M&A, Chambers Europe 2014, Chambers Global 2014, The Legal 500 2014 and IFLR 1000 2014