We are pleased to inform that in recent months the transactional advisory team of Grant Thornton provided the comprehensive legal, financial and tax support to one of the biggest European producers of pellet, the company under the business name: BIOMASA PARTNER GROUP Sp. z o.o., in terms of the purchase of the organized part of the enterprise intended for conduct of the business activity within the sawmill from the entity belonging to the IKEA capital group.
Within the transaction we have supported our Client in particular in the process of the legal and financial due diligence of the purchased enterprise, transaction structuring and the process of elaborating and negotiating of the complete transactional documentation. The transaction was closed on March 1st, 2021.
| Subject of the transaction | Purchase of the organized part of the enterprise intended for conduct of business activity within the sawmill |
| Buyer | BIOMASA PARTNER GROUP Sp. z o.o |
| Seller | IKEA INDUSTRY POLAND Sp. z o.o. |
| Market | Sawn timber production |
| Transaction value | Confidential |
| Grant Thornton’s role | Buy-side legal, financial and tax advisory in transaction |
| Benefits from the transaction for the Buyer | Purchase of the assets enabling production of the raw material necessary to conduct current business activity and expansion into new markets |
BIOMASA PARTNER GROUP is the leading producer of certified wood pellet, wood briquette, highest-quality raw material for pellet production and woody biomass for the energy purposes. Our Client conducts its activity both in our country and on export markets – inter alia in Italy, Germany, France, and Great Britain.
IKEA is a tycoon on the global market of sale of furniture and decoration items with nearly 80 years of tradition. There are approximately 380 shops in 30 countries under the IKEA brand. In fiscal year 2018, IKEA sold goods with a total value of more than 38 billion euros worldwide.
As a result of the transaction our Client can enjoy the benefits in the form of synergy resulting from the combination of two complementary businesses and expansion of its activity into new markets.
