Vantage Development S.A. signed a share purchase agreement to acquire Robyg S.A. from Bricks Acquisitions Limited for PLN 3.2 billion on December 22, 2021. The final purchase price is based on a total transaction consideration of PLN 3,150 million and subject to certain cash distributions to the sellers of up to PLN 700 million to be made prior to closing of the transaction and is expected to be in a range of c. PLN 2,450 million-PLN 2,550 million. The purchase price, potential repayments of existing financial debt of ROBYG and further working capital for ROBYG's investments will be funded by a bridge facility of up to €750 million (PLN 3.4 billion) provided by Bank of America, Credit Suisse, Deutsche Bank and Société Générale. TAG management intends to refinance the bridge facility by way of capital market instruments in 2022, market conditions permitting. The envisaged take-out of the Bridge Facility is expected to take place in 2022 by capital market transactions. The acquisition is subject to mandatory anti-trust clearance. As of March 15, 2022 Antitrust clearance has been received in February. The acquisition is expected to close in Q1 2022. The transaction is expected to close in March 31, 2022. Radoslaw Biedecki, Andreas Naujoks, Patrick Geist and Torsten Wehrhahn of Noerr LLP acted as legal advisors to TAG, parent of Vantage Development.

Vantage Development S.A. completed the acquisition of Robyg S.A. from Bricks Acquisitions Limited on March 31, 2022. Agnieszka Stankiewicz, Stephen Horvath, Malgorzata Kercz, Maciej Pietrzak, Rafal Sienski, Michal Bobrzynski, Filip Kijowski, Maciej Kacymirow, Robert Gago, Peter Schorling and Jeffrey Ekeberg of Greenberg Traurig, LLP acted as legal advisor for Bricks.