7 November 2022

Private equity fund Tar Heel Capital (THC), following the fulfillment of conditions precedent, including the approval of the UOKiK for the concentration, finalized on October 28 the acquisition of 64% of the SmakMAK Group companies (including SmakMAK sp. z o.o. and Fresh Slaw Poland sp. z o.o.). The founders of the SmakMAK Group, Maciej Woźniczak and Adam Woźniczak, were advised by the law firm Sobczyńscy i Partnerzy | FSG Prawo.

The subject of the transaction was the acquisition of a majority stake in SmakMAK sp. z o.o., an increase in the company’s share capital, the acquisition by this company of all the shares in several other companies comprising the SmakMAK Group, the acquisition of real estate, and the shaping of the Group’s new corporate governance, including the rules of participation and involvement of the founders and key managers.

In addition, further consolidation activities in the Group are planned as part of the transaction. Sobczyńscy i Partnerzy | FSG Prawo lawyers supported the founders at all stages of this project, providing comprehensive legal services for the transaction.

The legal team of the corporate and transactional law practice was led by attorney and managing partner of the firm Michal Sobczyński and attorney-at-law Orest Ochocki, co-head of the corporate and transactional law practice.

The real estate part of the transaction was handled by the firm’s real estate and construction investment law team led by attorney-at-law Piotr Pawłowski.

SmakMAK, a company founded in 2004 by two brothers, Adam and Maciej Woźniczak, is a producer of ready meals that can be found in the offer of large Polish retail chains. The company’s offer includes more than 100 products in the ready meals category. The company employs 270 people and has four production facilities with a total area of 11,000 sqm and a modern logistics center. In 2021, SmakMAK recorded revenue of PLN 141 million. The company is projected to continue its strong growth in the current year, with revenues planned to reach a record 180 million zlotys.

The buyer, Tar Heel Capital, is one of Poland’s leading private equity firms. THC specializes in acquisitions, debt financing, share issues and divestments of companies in various sectors of the economy.