Clifford Chance, working with Lexence, has advised Waterland on the acquisition of CodiLime from its founders in a transaction that included reinvestment of the former shareholders. Bank Pekao provided acquisition financing. Ponikowski Rzepka reportedly advised the sellers. Allen & Overy reportedly advised Bank Pekao.
Waterland is a private equity company.
CodiLime is a Polish software developer.
Earlier this year, Clifford Chance advised on the acquisition of GetInData by Waterland portfolio company Xebia (as reported by CEE Legal Matters on January 13, 2023), and, back in 2022, on another of its portfolio companies' transactions: the acquisition of two Cargill facilities in Poland and Hungary by United Petfood (as reported by CEE Legal Matters on December 9, 2022).
The Clifford Chance team included Partner Irena Floras-Goode, Counsels Kacper Bardan and Tomasz Derda, Senior Associates Aleksandra Rzegocka, Aleksandra Ulatowska, and Marta Michalek-Gervais, Associates Katarzyna Kuchta and Piotr Weclawowicz, and Lawyers Marcin Waszynski, Zuzanna Bartczak, Mateusz Leleno, Joanna Korycinska, Mariusz Wisniewski, Adam Szyndler, Grzegorz Serafin, Marta Marzysz, and Kamila Hora.
Editor's Note: After this article was published, Allen & Overy confirmed their role in advising Bank Pekao. The firm's team included Partners Anna Madra and Tomasz Kawczynski, Senior Associate Konrad Zawistowski, and Associates Maciej Szalak and Michal Jakub Rudzki.
