Gide advised Rabobank – a leading European bank – in connection with the accession of ARYZTA Polska to a multi-jurisdiction receivables securitisation programme up to the amount of EUR 130,000,000.

The transaction was led on Rabobank’s side by Cadwalader, Wickersham & Taft LLP. The Banking & Finance team from Gide’s Warsaw office was led by associate Paweł Wasiel, supervised by partner Paweł Grześkowiak and supported by associate Szymon Makowski. We provided comprehensive support on the Polish law aspects of the transaction, including structuring the project as well as drafting and negotiating the transaction documentation. Associate Maciej Grela and associate Tomasz Wieczorek from the Warsaw Tax team advised on the tax aspects of the transaction.

Gide’s Warsaw office regularly acts on international deals involving securitisations, advising all types of initiators, arrangers, investors and financial institutions, as well as on asset-backed financings of acquisitions of financial assets, including performing and non-performing loan portfolios.

ARYZTA Group is a key international player in convenience bakery, semi-finished, frozen and packaged baked goods, as well as fresh products for small bakeries. It has a strong position among leaders on the Polish market, with three production facilities and several hundred employees.