Xebia’s Tender Offer For PGS Software S.A.

Clifford Chance advised Xebia on the deal.

Xebia, a portfolio company of Waterland fund, made a tender offer for 100% of the shares in PGS Software S.A., an IT firm offering software development services and IT outsourcing services. The tender offer ended with the purchase on 5 October 2021 of more than 97% of the shares in PGS Software S.A.

An international team of lawyers from the offices of Clifford Chance in Warsaw, London, Frankfurt and Amsterdam advised on the transaction. The transaction was overseen by Agnieszka Janicka (Picture), managing partner of Clifford Chance Warsaw. Clifford Chance’s core transaction team included Tomasz Derda and Katarzyna Aleksandrowicz, supported by Jaroslaw Lorenc, and Aleksandra Ulatowska, who was responsible for labour law issues, all from Clifford Chance Warsaw’s Corporate Department.

Financing for the transaction was handled by a team of lawyers led by Nienke van Stekelenburgh from the Amsterdam office and supported by Andrzej Stosio, Irena Floras-Goode, Anna Biala and Artur Gladysz from Warsaw’s Banking and Finance Department, and Jorrit Posthuma de Boer and Herman Steinvoort from the Amsterdam office. The team also included Marcin Cieminski, Krzysztof Regucki, Arkadiusz Walkowicz, Maria Janiak, Katarzyna Kuchta, Mariusz Wisniewski, Szymon Rutecki, Lukasz Piergies, Aleksandra Mielcarek and Marta Matynia from the Warsaw office, Natalie Hemberger from the Frankfurt office, and Olukayode Adeyemi Sonuga and Alastair Windass from the London office.

Involved fees earner: Olukayode Adeyemi Sonuga – Clifford Chance; Anna Bia?a – Clifford Chance; Marcin Ciemi?ski – Clifford Chance; Tomasz Derda – Clifford Chance; Irena Floras-Goode – Clifford Chance; Natalie Hemberger – Clifford Chance; Agnieszka Janicka – Clifford Chance; Katarzyna Kuchta – Clifford Chance; Jaros?aw Lorenc – Clifford Chance; Marta Matynia – Clifford Chance; ?ukasz Piergies – Clifford Chance; Krzysztof Regucki – Clifford Chance; Herman Steinvoort – Clifford Chance; Andrzej Stosio – Clifford Chance; Nienke van Stekelenburgh – Clifford Chance; Alastair Windass – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Xebia IT Architects;

Giulia Di Palma

Author: Giulia Di Palma