Domanski Zakrzewski Palinka | View firm profile
DZP’s client, Würth Group, a world leader in the production and sale of fastening and assembly materials, has completed the acquisition of shares in the Polish company TIM for a total amount of approximately PLN 1.083 billion through a tender offer for 100% of the shares announced on 21 September 2023.
TIM S.A. is a unique e-commerce platform on the Polish market offering electrical goods for professionals. The buyer of the shares is the German company FEGA & Schmitt Elektrogroßhandel GmbH, one of the electrical wholesalers of Würth Electrical Wholesale Group (W.EG). With the acquisition of TIM and the joining of forces in the electrotechnical distributor market, our client will be able to increase its presence in the e-commerce market.
The two entities forming the TIM Group (including the logistics company 3LP) will become an integral part of Würth Group’s Electrical Wholesale business unit. They will continue to operate independently under their existing names and current management team.
Our law firm supported the client throughout the entire acquisition process (we already reported on the transaction at the beginning of last year link), carrying out legal due diligence, negotiating transaction documents and preparing calls for the purchase of TIM shares.
The client was advised by a team led by Marek Świątkowski and Filip Krężel (who was also the key lawyer coordinating the work for Würth Group) and comprising Piotr Jackowski, Margarita Kobojek, Maciej Zajda, Maciej Goszczyk, Joanna Róg-Dyrda, Joanna Fasula, Radosław Poprawski, Michał Klimowicz, Aleksandra Oślizło and Adam Rzepecki.