Paweł Bajno


Pawel Bajno’s practice centers on corporate governance issues, Polish capital markets law, securities law, M&A and private equity investments. Represents private equity funds in M&A transactions (including public to private transactions), and exit strategies.

Representative Matters

  • Represented Emperia Holding in the group’s defense against a hostile takeover by Eurocash and subsequent sale of part of its distribution business to Eurocash
  • Represented Innova Capital in the equity investment made by EBRD and WCP Cooperatief in Meritum Bank
  • Represented Enterprise Investors in the acquisition of minority stake in X-Trade Brokers Dom Maklerski S.A.
  • Represented CEDC in the sale of 100% of its distribution business in Poland to Eurocash S.A.
  • Represented PKN Orlen S.A. in the contemplated sale of its shares in Anwil S.A.
  • Represented Innova Capital in the acquisition of 100% of shares in Libet S.A. in a LBO transaction
  • Represented AIG in the merger of its Polish consumer finance business into Santander’s Polish bank
  • Represented US Pharmacia Sp. z o.o. in connection with the potential acquisition of the Sanitas AB, a Lithuanian pharmaceutical company with Polish assets
  • Represented Torfarm S.A. in its direct and indirect acquisition of sector company Prosper S.A. with listing on the WSE
  • Represented Mercor S.A. in the acquisition of BEM Brudniccy Sp. z o.o.
  • Advised and represented Automotive Components Europe S.A. in connection with its IPO on the WSE
  • Advised and represented majority shareholder of WAN S.A. in the sale of minority shares to Morgan Stanley Real Estate
  • Represented Bank Handlowy w Warszawie S.A. in the sale of the bank’s asset management business, TFI Banku Handlowego S.A. and Handlowy Zarządzanie Aktywami S.A., to Legg Mason, Inc.
  • Represented PepsiCo Foods in its acquisition of Star Foods S.A.
  • Represented Opoczno S.A., a leading Polish tile manufacturer, and its private equity shareholders CSFB and Enterprise Investors in the initial public offering on the WSE
  • Represented Merrill Lynch and Unicredit Banca Mobiliare, acting as financial Advisors to Bank Pekao S.A., in issuing new Bank Pekao S.A. shares, as well as in connection with GDR issue on international markets
  • Represented Credit Suisse First Boston and Bank Zachodni S.A. acting as financial Advisors to the Polish State Treasury, in the sale of State Treasury’s shares in Telekomunikacja Polska S.A.
  • Represented Innova capital in the acquisition of stakes in Dom Finansowy QS Sp. z o.o., EBCC S.A. and Mercor S.A.
  • Represented PKN Orlen S.A. in its proposed acquisition of shares in Rafineria Gdańska S.A.
  • Represented PepsiCo, Inc. in liquidating the former E.Wedel S.A.

Awards and Recognition

  • Chambers Europe: Band 2 in Private Equity (2011), Band 4 in Private Equity (2010); recommended in Private Equity (2009)


  • National Chamber of Legal Advisors, Poland


  • Warsaw University, 1995, Master of Law

Bar Admissions

  • Poland


  • Polish
  • English