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Michał O. Petz

Of Counsel
+48226534257
Fax +48.22.653.4250
+1.650.798.6700
Fax +1.650.798.6701
Michał Petz is of counsel in the firm’s Warsaw office and focuses his practice on commercial transactions. He represents private and public companies in a wide range of corporate and securities matters, including public and private debt and equity offerings, private financings, venture capital transactions, mergers and acquisitions, tender offers, joint ventures, as well as stock exchange and securities law compliance matters. He represents clients ranging from start-ups looking for funding in the United States to high-profile high-yield debt offerings by companies with hundreds of millions of dollars in annual revenues.

Professional Background

Prior to joining K&L Gates, Mr. Petz was an associate at another international law firm, during that time he worked for 18 months in the firm’s Palo Alto office. During his studies, he has received numerous awards for academic achievements and has been a panelist and lecturer on several occasions for Warsaw School of Economics, Embassy of the Republic of Poland in the United States or the Polish Agency for Entrepreneurship Development.

EQUITY CAPITAL MARKETS 
  • Represented Banco Espirito Santo de Investimento, Bank Zachodni WBK, ING Securities and Wood & Company as Global Coordinators in a sale by Abris CEE Mid-Market Fund in the form of accelerated book-building of of 7,145,304 shares representing 60% of the share capital of Prime Car Management S.A. Value of the transaction: PLN 301 million (EUR 73.4 million).
  • Represented JP Morgan acting as Sole Global Coordinator and Bookrunner in a few sales in the form of accelerated book-building of the ITI Group, of a total 11.7 million ordinary shares of TVN S.A. representing 3.4% of TVN's share capital. Value of the transaction: PLN 193 million (EUR 48.7 million).
  • Represented Credit Suisse, ING, UniCredit and Banco Espirito Santo as bookrunners in accelerated book-build transactions involving 11.9% of the shares of Tauron Polska Energia which were sold by the Polish Ministry of State Treasury. Value of the transaction: PLN 1.3 billion (EUR 325 million).
  • Acting as underwriters' counsel of HSBC Bank plc, Erste Bank AG and Bank Zachodni WBK in connection with the IPO on the WSE of Kulczyk Oil Ventures Inc., an international upstream oil and gas exploration company. Value of the transaction: PLN 315 million (EUR 78.7 million).
SOVEREIGN AND CORPORATE DEBT CAPITAL MARKETS
  • Advised JP Morgan and Nomura in a Eurobond issue made by TVN S.A., a major Polish private television company. Value of the transaction: EUR 400 million.
  • Represented the State Treasury of the Republic of Poland between 2009-2015 in connection with a series of its SEC-registered debt shelf offerings. The total value exceeding USD 10 billion.
MERGERS AND ACQUISITION  
  • Represented PineBridge, a leading private equity house, as an existing shareholder in EasyPack - in EasyPack's most recent funding round closed on May 5, 2015. According to the terms of the deal PZU and Franklin Templeton will make cash investment in EasyPack, with an option to top up with further funding, while Integer.pl will provide assets in addition to its cash investment. Value of the transaction: EUR 81.7 million.
  • An on-going representation of Kompania Weglowa, one of the biggest companies in Poland and the biggest thermal coal producer in Europe, in a complex and highly scrutinized restructuring.
  • Represented a leading private equity fund on the cash tender offer for 100% of the outstanding shares of Ruch, a Polish listed company being a leading Polish newspaper retailer and owner of a valuable real estate portfolio. Value of the transaction exceeded: PLN 630 million (EUR 158 million).
  • Represented Sanofi-Aventis (a leading global pharmaceutical company listed in Paris and NY) on the cash tender offer for 100% of the outstanding shares of Nepentes, a Polish listed company that is a retailer and manufacturer of pharmaceuticals and dermocosmetics. Value of the transaction exceeded: PLN 400 mln (EUR 100 mln).
  • Represented Braster S.A., a listed medical diagnostics equipment producer to advise on its contemplated acquisition of assets located in the US and the associated business from a Palo Alto-based startup.
  • Advised PZU, a leading insurance group in Poland, on transfer of its interest in Pantheon Ventures fund (EUR 8 million).
  • Advising PFR Ventures, the largest government-sponsored fund-of-funds in Central and Eastern Europe, on establishment of several sub-funds (EUR 500 million).
  • Advising Innovation Nest, a leading venture capital firm in Poland, on their first investment in a Portuguese company - Climber.
  • Advising Target Global, a leading European venture capital firm on their investment in TravelPerk Inc.
  • Represented ColibriTool on a corporate due diligence and corporate restructuring of the group in anticipation of the venture capital investment in ColibriTool group.
  • Advising the Joint Polish Investment Fund on a $ 2.3 million investment in Dream Jay Inc. to continue the research and development of Nightly, a medical application that can prevent bad dreams.
  • Due diligence for Cloud Technologies S.A. due to acquisition of the company.
  • Advice Cradle Seed Ventures on the acquisition of an interest in an entity being established in the U.S.