150 M&A market representatives meet at the IV CRIDO M&A Forum “M&A Transactions: Opportunity for growth in uncertain times?”

10 November 2022
5 min

Even in times as uncertain as today, M&A transactions are an ever-present element in the growth of Polish organisations, but it is crucial to have a clear investment strategy in place and to analyse risks. These are some conclusions from four panel discussions at the CRIDO M&A Forum held on 19 October 2022 at Hotel Warszawa.

Together with 150 entrepreneurs, funds, GPW representatives, banks, PSIK representatives, economists, and experts, we discussed prospects for the M&A market in the near future in the current geopolitical and economic context as well as factors determining the success or failure of M&A transactions.

An introduction to panel discussions was provided by Ignacy Morawski, Chief Economist at Puls Biznesu and SpotData director. Mr Morawski presented macroeconomic data on interest rates, inflation, and the ratio of stock prices to GDP.
It followed from his presentation that Polish companies were ready for foreign acquisitions and new investment plans were to be expected as a result.

Polish organisations ready for foreign acquisitions

The presentation of macroeconomic data was a prologue to a panel discussion on Poland’s economic outlook in the coming year and going forward. Several conclusions emerged from the debate between Warsaw Stock Exchange President Marek Dietl, Innova Capital Senior Partner Krzysztof Kulig, Puls Biznesu Chief Economist Ignacy Morawski, Analysis+Digital Transformation Area Managing Director and Pekao S.A. Chief Economist Ernest Pytlarczyk, and CRIDO Managing Partner Andrzej Puncewicz:

Key role of a clear investment strategy as banks take a more restrictive approach to financing deals

The next panel discussion, featuring PSIK Vice President and Accession Capital Partners Managing Partner Przemysław Głębocki, International Finance Corporation Country Advisor Piotr Matczuk, Resource Partners Managing Director Wojtek Pociecha, Bank Pekao S.A. Director and Head of the Structured Finance Team for Strategic Clients Łukasz Radkowski, and CRIDO partner in charge of financial due diligence in the M&A team Jacek Ostrowski, focused on the financing sources for transactions. The panellists agreed that:

Transaction do not end with a signed contract

The panel on the practical aspects of the transaction process featured General Counsel and Head of Legal Department at Dentsu Polska Ewa Markiewicz, Partner at Abris Capital Partners Wojciech Jezierski, Country Manager Poland, CEO & COO at Kiwa Inspecta Polska Paweł Smoleń, and CRIDO Partner responsible for tax advisory in the M&A team Mateusz Stańczyk and was moderated by Przemysław Furmaga, CRIDO Partner responsible for legal advisory in the M&A team. During the debate, the experts pointed out that:

Quick and agile measures are key to successful M&A transactions

The last panel, devoted to the “what, when and how” of consolidation, featured the following speakers: Dr. Irena Eris S.A. CEO and Vice President of the Management Board Irek Sudnik, Asseco Poland Vice President Marek Panek, LUX MED Acquisition and Development Department Director Bartosz Wisniewski, and CRIDO Managing Partner responsible for Corporate Finance in the M&A team Artur Marszałkiewicz. The panellists pointed out that:

CRIDO’s M&A team supports our clients in all or selected areas of the transaction process: corporate finance, due diligence (financial, tax, legal), developing transaction structures, drafting transaction documentation, as well as legal and tax consulting at every stage of the transaction.

Watch video and listen to experts' commentaries on the M&A market in Poland