Construction and property development

Closing of FX options of Erbud

November 2008

Transaction value: PLN 47.5m

Construction and property development

Financial advisory to Erbud SA, an important player on the Polish construction market, on the closing of derivative transactions, resulting in significant limitation of financial losses on these transactions

Consumer

Sale of a significant stake in Kofola-Hoop to Enterprise Investors

September 2008

Transaction value: PLN 332.8m

Consumer

Financial advisory to key shareholders of Kofola-Hoop, a leading soft drinks producer in Poland, the Czech Republic and Slovakia, on the sale of their 29.42% stake in the company to Enterprise Investors

TMT

Acquisition of shares in Liberty Poland by Polkomtel

July 2008

Transaction value: Undisclosed

TMT

Financial advisory to Polkomtel S.A., the leading Polish mobile telecommunications operator, on the acquisition of a 38.42% stake in Liberty Poland, Polish distributor of mobile telecommunications services

Consumer

Merger of Hoop and Kofola

May 2008

Transaction value: PLN 660.7m

Consumer

Financial advisory to Hoop S.A., a leading Polish soft drinks producer, on the merger with Kofola a.s., leading Czech and Slovakian soft drinks producer

Industrials

Acquisition of Lira Ceramica Group by Cersanit

November 2007

Transaction value: EUR 46.5m

Industrials

Financial advisory to Cersanit S.A., leading Polish producer of ceramic tiles and sanitary ware on the acquisition of a 100% stake in Lira Ceramica Group, one of the leading ceramic tiles producers in Russia

Industrials

Acquisition of Stalexport assets by Złomrex

October 2007

Transaction value: PLN 138.7m

Industrials

Financial advisory to Złomrex S.A., leading Polish steel group, on the acquisition of the steel trading operations of Stalexport, one of the leading companies in the Polish steel industry

TMT

Acquisition of Wakacje.pl

September 2007

Transaction value: Undisclosed

TMT

Financial advisory to Wagary Sp. z o.o. on the acquisition of wakacje.pl, leading Polish travel multiagent active in direct sales, predominantly in Internet and through a call centre

Industrials

Sale of Ultra Pack to Mondi Packaging

August 2007

Transaction value: Undisclosed

Industrials

Financial advisory to the shareholders of a Polish packaging producer on its disposal to Mondi Packaging Poland B.V., one of the leading packaging producers in Europe

Financial services

Acquisition of a majority stake in BISE Bank by DnB Nord Bank

April 2007

Transaction value: EUR 140m

Financial services

Strategic advisory to Bank DnB Nord, significant market player in the North-Eastern European banking sector, on select aspects of the acquisition of a 76% stake in BISE, Polish bank focusing on SME and municipality financing

Industrials

Acquisition of voestalpine Stahlhandel by Złomrex

March 2007

Transaction value: EUR 99m

Industrials

Financial advisory to Złomrex S.A., leading Polish steel group, on the acquisition of voestalpine Stahlhandel, the CEE retail distribution operations of the Austrian voestalpine Group

Consumer

Buyout of shares in Agros Nova owned by Enterprise Investors

February 2007

Transaction value: PLN 251m

Consumer

Financial advisory to Sonda and Agros Nova on the arrangement of financing for and the buyout of 60% of sharea in Agros Nova, leading Polish food producer, from Enterprise Investors

Consumer

Merger related valuation of the companies within Kruszwica capital group

December 2006

Transaction value: PLN 329.1m

Consumer

Financial advisory to Zakłady Tłuszczowe "Kruszwica" S.A., leading Polish vegetable fats producer, on the valuation of the companies within its capital group