For nearly 20 years, the CRIDO team has been helping entrepreneurs make good decisions and see more. We consistently fulfill our mission not only with M&A projects in Poland but also with our clients' international expansion, offering comprehensive one-stop-shop business solutions. This time, CRIDO supported OstroVit Sp. z o.o., a renowned producer of dietary supplements and healthy lifestyle products, in acquiring 85% of the shares in EthicSport Italia, an Italian company operating in the sports nutrition market under the "Ethicsport" brand. The transaction will enable the expansion of the product portfolio and the creation of new distribution channels, leading to the dynamic growth of both companies.
OstroVit is a leading brand and a recognized producer of dietary supplements. It operates in over 70 countries. In 2023, the company generated over 120 million PLN in revenue and employed 130 people. The collaboration with the new partner will introduce the company to the next phase of development, enabling expansion into new markets and the development of the product portfolio while maintaining the highest quality.
– We are proud of the completed transaction and thank all involved parties, especially our partners from EthicSport Italia and the advising CRIDO team. Thank you for the advice, educating us, and making this transaction possible. You form an incredible team. Always available, always for us, and most importantly, always with the best solution – says Robert Szulborski, CEO of OstroVit Sp. z o.o.
CRIDO supported OstroVit throughout the entire transaction process. Artur Marszałkiewicz, Managing Partner of Corporate Finance, along with his team (Aleksandra Małolepsza – Associate Director, Jacek Kulczykowski – Senior Financial Analyst), advised on the transaction from the very beginning, starting with market analysis and identifying the acquisition target, through transaction structuring, coordination of the due diligence process, to negotiating the agreement on business and financial aspects.
Meanwhile, Przemysław Furmaga, Partner, Head of M&A Legal, along with his team (Andrzej Dunikowski – Managing Associate, Filip Sobocinski – Senior Associate, Julia Dziubińska – Associate), coordinated the due diligence process, prepared and negotiated transaction documentation, coordinated the work of Italian advisors, supervised the process of obtaining the Italian authority's consent for the transaction, and supported the client during the signing and closing of the agreement.
Teams led by partners Mateusz Stańczyk and Jacek Ostrowski, who collaborated on Tax & Financial DD, also worked on the transaction.
– The moment when a CRIDO client, a Polish entrepreneur who built his business from scratch and is a leader in his industry, buys a business abroad, brings an immense sense of pride – says Artur Marszałkiewicz, Partner responsible for the Corporate Finance team at CRIDO. – As the largest Polish advisory firm, we consider supporting Polish businesses in foreign acquisitions to be crucial. CRIDO was the sole transaction advisor to OstroVit. Thank you for your trust – adds Artur Marszałkiewicz.
CRIDO experts cooperated throughout the transaction process with Pirola Pennuto Zei & Associati (Massimo Di Terlizzi, Graziana Toscano), BF & Company (Alessandro Zanatta, Gianmarco Barbini), Portolano Cavallo (Gianpaolo Scandone, Ginevra Sforza, Tabita Costantino, Lorenzo Giampaolo Arrigoni, Giorgio Nardone).
Operating since 2005, CRIDO is a leader among Polish advisory firms. The nearly 450-person team strategically supports Polish and international entrepreneurs in conducting and developing their businesses. For almost 20 years, CRIDO has provided advice in the following areas: financial, legal, tax, real estate, digital, and transactional (M&A). The firm also secures financing for innovative business development – both from public funds and other available sources.