CRIDO has advised AKREDO, a Polish company operating within the international CLAR group, on the acquisition of the Loando Group operating in the field of online loan comparison websites and creating a global ecosystem of innovative companies and start-ups dealing with new technologies, fintech and
The transaction concerned the acquisition of control over a group of 10 companies, which consisted of 6 Polish companies and 4 foreign entities (Spain, Russia, Czech Republic, Ukraine).It involved the implementation of a complex price settlement mechanism with a security package for the benefit of sellers.
Thanks to this transaction, AKREDO significantly strengthened its position on the market of credit comparison websites. We are glad that we had the opportunity to advise AKREDO and CLAR on a very interesting transaction in the area of fintech, which enabled them to acquire approximately 1 million new clients. Work on the transaction was intense, because everyone wanted to close it before the end of 2021. TThe goal was achieved, to both the client’s and our satisfaction - comments Przemysław Furmaga, partner responsible for the M&A team at CRIDO Legal, who together with Andrzej Dunikowski, senior associate and Filip Sobociński, junior associate, was responsible for the transaction.
As part of the cooperation, CRIDO provided comprehensive advice in preparating the transaction documentation drafts, including resolutions regarding the price settlement mechanism and security mechanisms and supported the client in negotiating the transaction, and in signing it. Transaction documentation and negotiations were conducted simultaneously in the Polish and English language versions.
The M&A CRIDO Legal team consists of experienced lawyers who understand the specifics of the operation of both large corporations, PE / VC funds, young technology companies with high growth potential, and family businesses from various sectors of the economy.