May 2024 – Kinstellar has successfully advised SMYK Group and its Romanian subsidiary, SMYK All For Kids, on all Romanian law aspects concerning the amendment and extension of its group financing.
The financing transaction involved an extremely tight timeline and required seamless alignment, as it was conducted simultaneously with Bridgepoint’s sale of shares in Smyk Group to Accession Capital Partners (ACP).
Kinstellar was previously selected by SMYK Group as its local advisor on various iterations of this financing, and also advised Bridgepoint on the local law aspects of Smyk’s acquisition in 2016.
Smyk, established in 1952, is an iconic brand and Poland’s largest chain of stores selling toys, clothing for children and related accessories, with a presence in Romania, Russia, Ukraine and Germany. It has a network of over 150 stores (31 in Romania) and a growing e-commerce platform.
Kinstellar’s assistance in Romania was coordinated by Magdalena Raducanu (Special Counsel, Head of Banking & Finance in Romania and Co-head of the firm-wide service line) together with Razvan Constantinescu (Managing Associate) and also supported by Horatiu Cretu (Junior Associate).