Rafał Kamiński

Diagnostyka S.A.: representation of underwriters on the €403.8 million IPO and listing of shares of Diagnostyka S.A., Poland's largest network of medical laboratories, on the regulated market of the WSE (Regulation S and Rule 144A). The successful debut was the first IPO on the WSE and one of the largest private equity exit on a regional exchange in 2025 so far.

Wirtualna Polska: representation of Wirtualna Polska group on the €239.7 million acquisition of 100% of the shares in Invia Group SE from European Bridge Travel a.s. The Invia Group operates package holiday booking platforms in Germany, Austria, Switzerland, the Czech Republic, Slovakia and Hungary. In Poland, the Invia Group operates as Travelplanet.pl.

Banco Santander S.A.: representation of Banco Santander S.A. on the sale of 5.32 million ordinary shares of Santander Bank Polska S.A. at PLN 463 per share through an ABB process. The transaction value: €575 million.

XTB S.A.: representation of XX ZW Investment Group S.A., the majority shareholder in XTB S.A., on the sale of 8.4 million of its shares in XTB through an ABB process. White & Case acted as exclusive transaction advisor. XTB is one of the largest global brokers of FX & CFD contracts listed on the WSE. The transaction value: €122 million.

Elemental Holding S.A.: representation of Elemental Holding SA on its strategic partnership with Mitsubishi Corporation for platinum group metals (PGM) recycling, covering Elemental’s global operations from collection to refined metal. The terms of the strategic partnership include Mitsubishi providing a trade finance working capital facility to help ramp up Elemental’s PGM smelter and refinery to full production. Mitsubishi also made an equity investment in Elemental’s operating subsidiary in the US.

Murapol S.A.: representation of the managers on the PLN 404 million IPO (Regulation S) and admission to trading of shares in Murapol S.A., one of the largest residential developers in Poland, on the regulated market of the WSE. It was the only IPO on the WSE in 2023.

Columbus Energy S.A.: representation of Columbus Energy S.A., a renewable energy company that specializes in the development, installation and maintenance of photovoltaic micro-installations in Poland, on the admission and listing of all the company's shares on the WSE main market and transfer of the shares from the NewConnect alternative market.

The Play Group: representation of the PLAY Group on the sale of 50% of the shares in its Polski Światłowód Otwarty sp. z o.o. subsidiary to French private equity fund InfraVia Capital Partners, which specializes in infrastructure and technology investments. We also advised on the establishment of FiberCo through demerger of acquired UPC Poland and on the issuance of the Play Group’s corporate bonds.

Eurowag: representation of Eurowag, a leading pan-European integrated payments and mobility platform focused on the commercial road transportation industry on its €306 million acquisition of Inelo from Innova Capital and other certain vendors.

Grupa Pracuj S.A.: representation of Grupa Pracuj S.A. on its €118 million acquisition of softgarden e-recruiting GmbH, a German provider of software to increase the reach of job prospects.