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 [email protected]

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Marcin Studniarek is highly experienced in DCM and ECM transactions. Clients say he is “very well informed, competent and experienced.”

Chambers Global 2017

Overview

Marcin Studniarek is the executive partner of the Warsaw office and heads the Capital Markets and Mergers and Acquisitions practices in the White & Case Warsaw office. Marcin focuses on commercial law, securities law and M&A transactions as well as corporate governance issues. He has advised in over ten public issues of shares and in public and non-public issues of debt securities of Polish and foreign companies, including, among others, the initial public offering of structured bonds listed on the Warsaw Stock Exchange.

He has advised foreign investors on various transactions regarding the purchase or the sale of large stakes in Polish companies. He has represented the State Treasury in negotiations with foreign investors.

Prior to joining White & Case, Marcin Studniarek worked for mBank S.A., where he was involved in new investment projects of the bank. Then, for over six years, he worked for the Warsaw office of Linklaters.

At the same time, for over five years, he served as a specialist on matters concerning the Council of the Warsaw Stock Exchange (acting as the Secretary of the Council of the Stock Exchange). For one year he was also the advisor to the Minister of Infrastructure.

He has completed a number of professional courses in assets and liabilities management, finance and capital markets, including investment advisor training.

Marcin is recognized as a recommended Equity Capital Markets, Debt Capital Markets and Corporate/M&A practitioner in the latest editions of the most prestigious law firm rankings published by i.a. Chambers Europe, Chambers Global, The Legal 500 and The IFLR1000.

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

Play Communications S.A.: representation of Play Communications S.A. (Play) and its shareholders Novator and Olympia in the EUR 1 billion (PLN 4.4 billion) IPO of Play on the WSE, which values the company at EUR 4 billion (PLN 16 billion). It is the largest IPO in the telecommunications sector in Europe since June 2015, and one of the five largest ever Polish IPOs.

Dino Polska S.A.: representation of Powszechna Kasa Oszczędności Bank Polski S.A. Oddział – Dom Maklerski PKO Banku Polskiego w Warszawie, as Global Coordinator, Joint Bookrunner and Offering Agent, UBS Limited, WOOD & Company Financial Services, a.s. S.A., Oddział w Polsce, as Global Coordinators and Joint Bookrunners, and Erste Group Bank AG as Joint Bookrunner, in the PLN 1.65 billion (approximately €388 million) IPO and admission to trading of shares in Dino Polska S.A. on the regulated market of the WSE. Dino Polska is a chain of around 630 (as of the end of 2016) proximity supermarkets in Poland. The transaction was conducted via a public offering in Poland directed to Polish retail and institutional investors, and by a global offering addressed to institutional investors in other jurisdictions outside the US in accordance with Regulation S of the United States Securities Act of 1933, as amended, as well as in the US to qualified institutional investors under Rule 144A of the Securities Act.

Griffin Premium RE: representation of BZ WBK S.A. and Berenberg, as Global Coordinators and Joint Bookrunners, and DM BOŚ as Offering Co-manager, in the PLN 508 million (approximately €118 million) IPO and admission to trading of shares in Griffin Premium RE on the WSE. The transaction was carried out via an IPO in Poland addressed to individual and institutional investors, and in the form of a private offering addressed to institutional investors in other jurisdictions outside the United States, in accordance with Regulation S of the US Securities Act of 1933, as amended. The prospectus was approved by the Netherlands Authority for the Financial Markets and passported into Poland by the Polish Financial Supervision Authority.

Uniwheels AG: representation of Dom Maklerski mBanku S.A. acting as global coordinator, joint bookrunner and joint offering agent, mBank S.A. acting as the underwriter and Bank Zachodni WBK S.A. acting as the joint bookrunner, joint offering agent and underwriter, in the US$140 million initial public offering and listing of shares of Uniwheels AG on the Warsaw Stock Exchange. The transaction was offered to retail and institutional investors in Poland and via private placement for institutional investors outside the United States (excluding Poland) in accordance with Regulation S of the US Securities Act of 1933. The transaction was the largest IPO in Poland in 2015.

PGE Polska Grupa Energetyczna S.A.: representation of PGE (Poland's biggest power producer), in its PLN 4.51 billion (approximately US$1.2 billion) acquisition of the EDF Group's assets in Poland.

Mid Europa Partners: representation of Mid Europa Partners, the leading private equity investor in Central and South Eastern Europe, on the sale of Żabka Polska to funds advised by CVC Capital Partners. It is the largest ever transaction in the Polish food retail sector and the largest ever private equity exit in Poland.

Jastrzębska Spółka Węglowa S.A.: representation of Jastrzębska Spółka Węglowa S.A. (JSW) in the acquisition of an organized part of the enterprise of Kompania Węglowa S.A., including the Knurów-Szczygłowice coal mine, for PLN 1.49 billion. We provided comprehensive support for the acquisition, including advice on financing through private placements of secured bonds under the issue programme in two tranches of, respectively, PLN 700 million and US$163.76 million.

British United Provident Association Limited: representation of The British United Provident Association Limited (Bupa), the international healthcare group, in connection with an acquisition of LUX MED Group, the largest private healthcare provider in Poland, for €400 million. The transaction was the largest private equity transaction in Poland in 2012.

PGNiG S.A.: representation of PGNiG S.A. on its PLN 2.96 billion (EUR 725 million) acquisition of shares in the Warsaw-based subsidiary of Swedish energy firm, Vattenfall Heat Poland (VHP).

Ministry of Finance: representation of the Polish Ministry of Finance in connection with the €750 million issuance of green bonds, the first ever issuance of green bonds by a government issuer. The issuance was arranged by HSBC, J.P. Morgan and PKO BP. Funds from the issuance will be allocated to environmentally friendly investments in accordance with the requirements of the Green Bond Framework prepared by the Ministry of Finance on the basis of the international standards of the ICMA Green Bond Principles.

mBank Hipoteczny S.A.: representation of Commerzbank AG, as lead arranger and dealer, Erste Group Bank AG, J.P. Morgan Securities plc, Landesbank Baden-Württemberg and Société Générale, as dealers, in the establishment by mBank Hipoteczny S.A. of a €3 billion international covered bond issuance programme. The base prospectus of mBank Hipoteczny S.A. was approved by the Luxembourg Financial Sector Supervisory Commission (Commission de Surveillance du Secteur Financier). The programme allows mBank Hipoteczny S.A. to issue covered bonds outside the Polish market with direct access to the international clearing houses (Euroclear, Clearstream, Luxembourg) or Clearstream Frankfurt in a manner which allows them to be European Central Bank eligible.

PKO Bank Hipoteczny S.A.: representation of Société Générale, Deutsche Bank, J.P. Morgan, PKO Bank Polski  and Landesbank Baden-Württemberg in connection with the establishment by PKO Bank Hipoteczny S.A., a subsidiary of PKO Bank Polski, of a €4 billion international covered bond issuance programme, and the issuance of €500 million in covered bonds thereunder. This was the first international program for the issuance of mortgage bonds established by a Polish mortgage bank under which mortgage bonds were issued based on Polish law.

P4 sp. z o.o.: representation of Poland-based mobile telecoms operator in its groundbreaking, inaugural €870 million and PLN 130 million, dual-tranche high yield bond issue and entry into a new super senior revolving credit facility. As of the transaction day it was the largest debut high yield bond deal since 2010, the largest Central & Eastern Europe high yield deal ever, the second largest European telecoms debut ever and the first ever Polish zloty-denominated high yield bond issued on the international capital markets.