📋 Tender Overview
DLA Piper advised GS Engineering Construction a leading global construction company based in South Korea on the acquisition of 100 of the shares in Danwood Holding from Polish Enterprise Fund VII a private equity fund managed by Enterprise Investors. The value of the transaction is EUR140 million and it is subject to the approval of the President of the Polish Office of Competition and Consumer Protection.Danwood Holding is the number-one manufacturer of prefabricated turnkey houses in Germany and Poland. Headquartered in Biaystok and with two production plants in Bielsk Podlaski Danwood designs and builds ready-to-move-in houses for individual customers. In December 2013 Enterprise Investors acquired the company in a carve-out transaction from Budimex. During 2014 Danwood delivered 685 houses generating revenue of EUR99 million. By the end of 2019 the companys production capacity had reached 2000 houses and its revenues exceeded EUR274 million.GS Engineering Construction is one of the largest construction companies in South Korea listed on the Korea Stock Exchange 006360.KS. The company is a leader in the field of architecture and housing plant power and infrastructure. It has 24 overseas subsidiaries and branches.Jakub Domalik-Plakwicz the partner leading the transaction commented This is a truly unique transaction which has been a great and challenging experience for the whole team. We are proud to have contributed to a deal between GS EC a renowned Korean construction giant and Enterprise Investors a leading CEE Private Equity house.From DLA Pipers Warsaw office the transaction was managed and negotiated by Jakub Domalik-Plakwicz Partner Head of Capital Markets Wojciech Kalinowski Counsel and Anna Chrabota-Bajson Associate supported by Micha Kuratowski Junior Associate and Bartosz Kuzioa Junior Associate from the Corporate Mergers and Acquisitions practice. In addition the due diligence review under the Polish law was carried out also by Adam Marszaek Associate Corporate Mergers and Acquistions Paulina Ciupa Associate IPT Agnieszka Staszek Associate Litigation and Regulatory and Mateusz Gajda Junior Associate Employment. The due diligence review under German law was led by Carlos Robles y Zepf Partner with the team of Niklas Mangels Senior Associate Phillip Meyer Associate Kristin Vogt-Schories Senior Associate Phillip Moser Senior Associate Thilo Streit Counsel Thomas Olbrich Senior Associate and Miray Kavruk Senior Associate all from DLA Pipers Frankfurt office.Micha Orzechowski Counsel together with the Competition Law team of DLA Pipers Warsaw office is responsible for the antitrust issues including the preparation of the notification to the relevant antitrust authority.
