Eversheds Sutherland Wierzbowski advised Safestay PLC on purchase of hostel chains

• Poland

• Press_Releases

10-02-2020

The mergers and acquisitions team at Eversheds Sutherland Poland advised Safestay PLC in the acquisition of three companies belonging to the Dreamgroup Management Group in Poland, the Czech Republic and Slovakia.

The contribution of the Eversheds Sutherland team of lawyers included a due diligence process of Dream Hostels Sp. z o.o. and conducting a local transaction of purchase of shares in this company by Safestay PLC.

The head of the project was Natalia Burchardt, attorney-at-law in the mergers and acquisitions team. Support in the due diligence process was provided by Piotr Nowacki, Błażej Grochowski, Adam Nierzwicki, Joanna Polkowska and Agnieszka Sagan-Jeżowska.

The international team was managed by the Eversheds Sutherland office in Milan, the project was led by Alessandro Monti under the supervision of partner Riccardo Bianchini with the support of Gianludovico Maggi. The project required cooperation between Eversheds Sutherland offices from Poland, the Czech Republic and Slovakia.

The purchase of three hostels amounted to EUR 3.7 million. On the Polish side, transaction was finalized on January 30, 2020. The Safestay network has increased its market share, currently offering over 5,000 beds in 21 hostels located in major European cities.

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