WKB acted as legal advisor to LCM Partners Limited (“LCM”) in relation to the proposed acquisition of 100% of the investment certificates in three Polish closed-end investment funds: Kredyt Inkaso I NFIZW, Kredyt Inkaso II NFIZW and Kredyt Inkaso III NFIZW (the “Funds”) from Kredyt Inkaso Portfolio Investments (Luxembourg) S.A. and Kredyt Inkaso S.A., including a portfolio of non-performing receivables to be transferred into one (or more) of the Funds from Kredyt Inkaso Portfolio Investments (Luxembourg) S.A. At this stage, LCM has conducted due diligence and entered into the Heads of Terms with Kredyt Inkaso S.A. The agreed-upon purchase price exceeds PLN 540m (and is subject to adjustments). This investment will be made by funds advised by LCM under its Credit Opportunities strategy.

LCM Partners is a leading European alternative investment fund manager that specializes in granular performing and non-performing credit. LCM Partners has been investing in Poland since 2016.

Kredyt Inkaso S.A. focuses its activities on investing in debt portfolios and servicing them at all stages of overdue debt. In addition, it provides debt management services to other financial entities under outsourcing. Since 2007, the company has been present on the Warsaw Stock Exchange. The company conducts operations in markets of Central and Eastern Europe – cooperating with banks, insurance companies, telecommunications companies, loan companies, and other mass service providers.

LCM is being supported by the dedicated team of WKB’s lawyers, consisting of Agata Szczepańczyk-Piwek (partner), Jakub Jędrzejak (partner), Agnieszka Bartolik (senior associate), Sebastian Woźniak (senior associate), Tymoteusz Matusiak (junior associate), and Karol Muszyński (junior associate).