CMS Advise During Echo BV’s Acquisition of a Stake in Echo Investment

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Echo BV — which is indirectly owned by Griffin Topco III (an entity controlled by a fund managed by Oaktree Capital Management) and Bravo II (a fund managed by Pacific Investment Management Corporation) — acquired a 41.55% stake in Echo Investment. The main stakeholder of Echo Investment – one of the largest Polish-financed development companies in CEE, and listed on the Warsaw Stock Exchange – was FTF Columbus, an entity controlled by Michal Solowow, a Polish businessman.