MJH law firm advised GI Group in connection with the conclusion of the share purchase agreement concerning the sale of the quota in the Hungarian subsidiary, ProHuman, and in connection with the repayment of the Banks’ consortium (BNP Paribas, PKO BP, Millennium and Santander) and the completion of the court restructuring arrangement. The purchase price for the ProHuman quota amounts to PLN 147.5 million. Additionally, the purchaser, Sun Group, is obliged to take over all GI Group Poland’s liabilities towards ProHuman. The transaction is expected to be closed by 30 April 2022. However, the GI Poland Group’s court restructuring arrangement has already been settled. Thus, the formal financial restructuring of GI Group Poland (former Work Service) has come to an end.
The transactional works were carried out by Dr. Krzysztof Haładyj (partner) and Paweł Cyganik (senior counsel). The MJH team consisted also of Iwo Klijewicz (senior counsel), Justyna Wigier (senior associate), Monika Knothe (associate) and Jan Ambroży (junior associate).
We would like to thank GI Group for your trust and the privilege of working with you! We would like also to thank our colleagues from Wardyński law firm and KPMG Legal Tóásó Law Firm for an excellent co-operation on the deal.