CDZ has advised Parkdema UAB, an SPV of the Lithuanian-based Energy and Infrastructure SME Fund, managed by Lords LB Asset Management, on the acquisition of a 100% stake in City Parking Group S.A. (CPG) from, among others, Royalton Partners.
This is the first investment by Lords LB Asset Management in Poland to be followed by further acquisitions in the energy and infrastructure industry.
CDZ’s assignment included conducting a legal due diligence and drafting and negotiating the transaction documentation. The team advising on the transaction was headed by Maciej Kotlicki, Partner, and Piotr Rychta, attorney-at-law, both specializing in private equity and venture capital deals, supported by Weronika Bałenkowska, attorney-at-law trainee.
Lords LB Asset Management focuses on real estate and private equity investment strategies. The company currently manages 14 funds whose assets reach EUR 324 million (June 2017).