We advised on SYCLEF’s strategic investment in Polski Holding Instalacyjny
The Polish market for modern building systems is entering a new phase, marked by SYCLEF’s latest investment in Polski Holding Instalacyjny (PHI). The French investor has announced plans to build a leading HVAC group in Poland, while continuing to develop PHI’s operating companies, such as REXER and Clima Komfort.
Global capital, local strength
SYCLEF is a European powerhouse in the field of commercial and industrial refrigeration and HVAC systems. It brings together almost 70 companies and employs over 3,500 people. The group specialises in technology that optimises temperatures in logistics centres, supermarkets and industrial plants.
The choice of PHI as a partner in Poland was no coincidence. Polski Holding Instalacyjny is the leading nationwide provider of HVAC and building automation solutions. It was formed through the merger of two experienced market players: the REXER and Clima Komfort groups. With its team of specialists, PHI carries out even the most demanding of projects, ranging from logistics centres and hotels to military facilities.
This transaction is a prime example of a buy-and-build strategy, incorporating local leaders who retain their identity while gaining powerful financial backing and cutting-edge expertise within a robust international framework.
Kochański & Partners: precision in a complex process
Providing legal advice on such a multifaceted project required a combination of legal expertise and an understanding of the building services industry. Our work included:
- Due diligence: we carried out a detailed legal due diligence investigation of PHI and all its subsidiaries. We audited the group’s business fundamentals to ensure complete security for investors
- Transaction documentation: we developed and negotiated the documentation that defines the framework for future collaboration between SYCLEF and the former owners of PHI
We were delighted to support Syclef with its first investment in Poland, helping the fund to swiftly establish a presence in Poland and structure the transaction in a manner that aligns global standards with local legal and business realities, say Natalia Kotłowska-Wochna and Paweł Cholewiński, who led the team that also included Weronika Duchnowska and Adam Czarnota.
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