DZP, in cooperation with bpv Braun Partners and Watson Farley & Williams, has successfully advised the Czech-based CREDITAS Group on its acquisition from Infracapital Partners of a 100% stake in DUON, one of Poland’s largest private gas distributors.
This strategic acquisition strengthens CREDITAS Group’s position as a leading investor in the Central European energy market. CREDITAS, recognized for its focus on long-term investments in financial services, energy, and real estate, has significantly enhanced its portfolio with DUON. The company owns over 800 kilometres of gas pipelines and operates 12 networks connected to Poland’s national gas grid. DUON’s infrastructure also includes a fleet of 24 LNG-based cryogenic trailers and 20 gas regasification stations. The energy group supplies gas to more than 11,000 customers across Poland.
The seller, Infracapital Partners, is part of the infrastructure investment division of UK-based M&G Plc.
DZP’s team provided comprehensive legal advice on Polish aspects of the transaction, including drafting transaction documentation, conducting a due diligence and assisting with negotiations. The transaction team was led by Marcin Krakowiak, Partner and Head of the Infrastructure and Energy Practice, while the banking team was led by Magdalena Skowrońska, Partner, and Tomasz Kalicki, Senior Associate, from the Capital Markets and Financial Institutions Practice.
Marcin Krakowiak commented on the transaction: "We extend our heartfelt congratulations to our client, CREDITAS Group, as well as DUON Group and Infracapital Partners, on their successful transaction. I would also like to express my gratitude to our exceptional team at DZP, and to our colleagues at bpv Braun Partners, who expertly led the transaction, as well as Watson Farley & Williams, for their outstanding cooperation and professionalism throughout the process."