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18 May 20222 minute read

DLA Piper advises Sygnity in connection with the acquisition of a controlling stake by Inc. by way of a tender offer

Jakub Domalik-Plakwicz, Marek Kłeczek, Wojciech Kalinowski, Arkadiusz Karwala and Anna Chrabota-Bajson of the Warsaw office of DLA Piper advised Sygnity S.A. in connection with the closing of a transaction by Total Specific Solutions (a subsidiary of Inc.) to acquire 72.68% of the company's shares for a total of approximately PLN197 million through a tender offer for 100% of the company's shares announced on 22 March 2022. The transaction concluded the process of reviewing Sygnity S.A.'s strategic options, in which the company was advised by the DLA Piper team.

Sygnity S.A. is a leading software company in Poland with an extensive product range, offering mission-critical solutions for multiple verticals in the market. Sygnity S.A. led the technological transformation of the Polish central administrations and has expanded organically and through acquisitions in other verticals. The company has several ministries and governmental departments as customers. In addition, Sygnity S.A. is well represented in the finance and banking sector with a broad range of products for commercial and state banking systems and brokerage houses. It also serves its customers in the energy and utility verticals, with dedicated solutions supporting the domain-specific processes. In 2021, Sygnity's net revenues amounted to PLN183 million and the company employs over 850 people. is a leading pan-European provider of software and platforms for vertical markets to public and private sector customers. Operating and investing in countries and markets across Europe with long-term growth potential, acquires, builds and manages leading companies that deliver specialized and mission-critical IT solutions that meet specific customer needs.