We have a great pleasure to inform you about the next extraordinary transaction in Grant Thornton’s advisory portfolio, within which on March 31st, 2019 the transfer of the organised part of enterprise of Tarmax Sp. z o.o. Sp.k. – until now the sole distributor of clothing, footwear and accessories of the New Balance brand in Poland – to New Balance Poland Sp. z o.o., the company belonging to the American New Balance capital group, set up for the purposes of the transaction. As part of the transaction, Grant Thornton ensured New Balance capital group a comprehensive transaction advisory acting as a legal, tax and financial advisor of the New Balance capital group.
Execution of the transaction is part of the strategic objectives of the development of the New Balance capital group. As a result of the performed transaction, the New Balance capital group has gained direct access to the territorial market where it previously operated only though its distributor.
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