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Corporate M&A partner Maurice Dwyer and Corporate Senior Associate Dawid Malinowski advised on the deal by which a consortium of Polish and international banks extended loans worth more than £500 million to ZE PAK, the energy group behind a combined cycle gas turbine (CCGT) facility at Turek.
The project is one of the largest commercial ventures involving Bexley Beaumont, which provided English legal support to the leading Polish law firm Kimla Law over the course of three months.
Mr Malinowski described how the venture underlined how the breadth of Bexley Beaumont's expertise was now recognised internationally.
"The Turek installation is regarded as a significant concern, not just for ZE PAK but for the entire Polish energy sector.
"That was perhaps why so many prominent financial institutions, including Santander, Unicredit, PKO Bank Polski and the Polish national development bank, BGK, were involved in the financing and why it was such good to be able to play our part in its successful conclusion".
Construction of the 562MW CCGT plant began in December 2023 on the site of a former coal-fired power plant, Adamów, and is expected to be commissioned in 2027.
The finance package includes a long-term loan of £449 million, a revolving VAT facility of up to £20 million and a working capital facility of as much as £8 million, with the option to increase the latter up to £100 million.
In a sign of Bexley Beaumont's increasing strength, the Polish deal is one of the biggest on which it has acted since launching in 2020.
The Turek plant is viewed as a strategically significant project for Poland's infrastructure and its future energy security as the country transitions to renewable sources.
Thanks to its gas fuel, the site will produce much lower emissions than conventional fuel sources.
Bexley Beaumont acted on behalf of Kimla Law and its founder and Managing Partner, Paulina Kimla-Kaczorowska, an authority on Polish banking and finance law, and an advisor to the Solorz family - one of the country's wealthiest families - which owns a majority shareholding in ZE PAK.
Both Mr Dwyer and Mr Malinowski are vastly experienced in handling private equity, and mergers and acquisition work in the UK and overseas.
Mr Dwyer has provided legal support to many of the best-known private equity houses and is the author of some of the principal text books on private equity and corporate finance law.
Prior to joining Bexley Beaumont, Mr Malinowski worked at a succession of world-renowned legal firms in the City of London and has featured in a shortlist of Poland's most promising corporate lawyers.
His clients include listed companies, technology start-ups, venture capital funds and private companies owned by several of Poland's leading, Forbes-listed entrepreneurs.
Mr Malinowski also regularly acts as legal counsel to law firms across Central Europe in relation to English aspects of their caseloads.
The Turek financing deal caps another remarkable year for Bexley Beaumont.
During 2025, its partner numbers have increased to 75 out of an overall staff roll of 123.
Bexley Beaumont was named as a finalist in the Outstanding Corporate Culture category at the British Legal Awards and highly commended in the New Law Business of the Year category at The Lawyer Awards.
Furthermore, Bexley Beaumont was also named as a joint winner of the UK Business of the Year category at the International Brilliance Awards in London in January.
It has also earned glowing reviews in two of the UK's most prestigious rankings, Legal 500 and Chambers and Partners.
