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ALTO advised REMER sp. z o.o. (“REMER“), a leader in telecommunications solutions, on the acquisition of 100% of its shares by Cellnex Poland sp. z o.o. (“Cellnex Poland“), a company of the Cellnex Group, a leading operator of wireless telecommunications infrastructure in Europe.

REMER has been active on the telecommunications investment market in Poland for more than 20 years. It is the market leader in indoor DAS (Distributed Antenna System) antenna installations. The company offers telecommunications services and solutions, management and maintenance of teletechnical infrastructure, as well as its design and construction.

“We believe that this collaboration will help us deliver even the largest and most complex projects. Together with Cellnex, we will be able to better tailor our offer for specific customers – telecommunications network operators, developers and building managers” – states REMER in an official announcement.

Cellnex Poland is a part of the Spanish Cellnex Group, a leading operator of wireless telecommunications infrastructure in Europe. Cellnex Group manages a portfolio of 138,000 base stations (telecommunications masts and antennas) in 12 countries, offering operators access to the most extensive network of advanced telecommunications infrastructure in Europe on a shared basis, thus helping to remove restrictions on new operators and improve the quality of available services in the most remote corners of the.

As part of its advice, ALTO provided both legal and tax support in the course of the transaction.

The legal team advised in particular on the preparation and negotiation of the transaction documentation. It was led by Rafał Kozłowski (Counsel & Attorney-at-law, Head of M&A/VC), supported by Jędrzej Besztak (Associate), Szymon Tyniec (Associate & Advocate), Ewa Michalska (Junior Associate) and Aleksandra Traczuk (Junior Associate).

In turn, the tax team, led by Daniel Banach (Partner & Tax Advisor), advised in connection with the reorganisation of REMER’s business involving its conversion from a general partnership to a limited liability company and the negotiation of tax issues for the transaction.

And it happened! The new ALTO office in Lublin is open! The beginning of December saw the official sealing of the expansion of ALTO – one of the most dynamically growing consulting companies. We hope that this will be an extremely successful and fruitful combination.

“Ambition has always accompanied us. It manifested itself as a desire to develop and look for better solutions for us and for our clients. The success of ALTO is the success of not one person, but of everyone who works here and contributes to the change process every day. We believe that in a month, in half a year, in a year, thanks to these changes, we will become a bigger and stronger organization” – said Paweł Fałkowski, Managing Partner of the Accounting business line at ALTO during the official part.

The Lublin office is designed to support and develop the accounting business. A highly specialized staff of accountants and advisors will provide services for companies wishing to use external accounting or payroll services.

As a leader in its industry, ALTO offers state-of-the-art accounting services, understanding at the same time that each market has its own specific conditions and its participants require profiled and comprehensive services.

“Our people are our driving force. We know that as a team we can do more than any of us individually. That is why we want to create a good place to work for everyone. We want them to feel well in our organization, so that those who want to develop, do it with us and with us, and thus contribute to the growth of themselves and ALTO at the same time” – adds Paweł Fałkowski.

The opening ceremony was graced by guests from the Lublin City Hall: Igor Niewiadomski (Coordinator of Investor Relations), Krzysztof Buczyński (Investor Relations Manager), Marta Sztandarska (Manager) and Oliwia Wójtowicz (Chief Specialist), Dr. hab. Mariusz Kicia (Dean of the Faculty of Economics at the Maria Curie-Skłodowska University), Dr. Anna Tatarczak (Vice-Dean for Quality of Education) and Andrzej Borowski, MA (Dean of the Faculty of Finance and Accounting at the University College of Enterprise and Administration).

 

“Universities are changing and they know that they want to cooperate with business, because they are part of this ecosystem together with the city that creates the strategy. When UMCS educates students, and then they have nowhere to work, they go to Warsaw. Now the city is changing this situation, actively working to bring companies such as ALTO to Lublin and thus give our talents a chance not to leave it. We listen to business and we are open to its needs. We create new faculties for which there is demand. This is beneficial not only for companies, but also for the city, and also for the students themselves: thanks to this, we have a win-win situation” – concludes Dr. hab. Mariusz Kicia.

Igor Niewiadomski adds with satisfaction:

“ALTO’s business profile definitely fits into our economic ecosystem and the direction of development of the city of Lublin, which is primarily related to human capital. Making a decision about a new location is not an easy matter, it involves a number of analyzes and consideration of many factors. When building a strategy to attract investors to the city, it is very important to maintain a balance between factors such as credibility, mutual respect and trust. I think that in Lublin we have chosen the right direction when it comes to maintaining all these proportions, as evidenced by today’s opening of the local ALTO office. Welcome!”.

 

Despite winter, the beginning of December is a hot season in ALTO, as Rafał Tołwiński joins the team. As a Partner he will be responsible for the development of the Personal Tax Services Team, operating as part of the group’s tax business line.

Rafał has over 15 years of experience in advising Polish and international companies, public institutions and individual taxpayers in the area of ​​personal taxes and social security. For years, he has specialized in implementing and commenting on remuneration structures and incentive schemes (in particular for management level) as well as in shaping managerial and employee share option/share schemes. He also conducts reviews of legal and tax matters related to employment and remuneration, and advises on social security matters.

Before joining ALTO, for over 15 years he has been working for one of the “Big Four” consulting firms.

 “At ALTO I plan to develop products and services in the area of ​​personal taxes, human capital strategies and transformation. I also want my team to focus on supporting clients in the field of HR and payroll processes and the constantly changing legal and employment regulations. These are currently, and will be in the future, issues that are both very important for entrepreneurs and developmental for business” – says Rafał Tołwiński, Partner & Tax Advisor w ALTO.

As an experienced advisor Rafał knows how to assist international and local companies in successfully overcoming challenges related to human capital management. In particular, he supported them in all aspects correlated with safe structuring and compliance of cross-border employee mobility in the form of secondments, business trips and remote work.

“At ALTO, we know that in companies people play the most important role, and well-structured processes, including those related to remuneration, help retain key talents. We are happy to share this knowledge with our clients. With Rafał on board, we will be able to advise them even better and provide support in all matters related to taxation of personal income. I believe that this way we will contribute to the success of our clients’ business.” – comments Sylwia Kulczycka, Managing Partner of the TAX business line at ALTO.

Rafał is a licensed tax advisor, and an author of many articles on personal taxes. He is also an active participant of conferences and seminars on issues related to human capital management and taxes.

 

 

 

 

 

After Warsaw, it is Lublin’s turn. At the beginning of December, ALTO officially opens a new office in one of the most dynamically developing cities in the country. It will be the second office of the group, which operates within three business lines: Tax, Legal and Accounting.

“Currently, the office in Lublin is dedicated mainly to the needs of accounting services as well as HR and payroll services. We can see an increased interest on the part of customers in this type of services on the market. Certainly, the reason is the large number of regulatory changes and their vagueness. Many companies are resigning from their own accounting departments, because constantly following changes may sometimes be highly difficult, and even simply impossible.” – says Paweł Fałkowski, Managing Partner of the Accounting business line at ALTO.

 

New office, new opportunities.

In recent years, ALTO has recorded a very dynamic growth: both in terms of the number of clients and the number of employees.

We focus on continuous development, both technological and human. Our goal is not only to bring together the best experts in the industry, but also to provide the best client experience on the market.

Why Lublin? “Lublin is developing as dynamically as ALTO. The last ten years have been a time of significant metamorphosis of the city, a time of many complex and ambitious projects that have influenced its development on various levels. Lublin is constantly investing in itself, being a leader when it comes to obtaining and using EU funds. That is why we, as a leader in the outsourcing of accounting services, decided to invest in Lublin. We believe it will work.” – adds Paweł Fałkowski.

The Lublin office will support and develop the accounting business. A highly specialized staff of accountants and advisors will provide professional services for companies that want to use external accounting or payroll services.

As a leader in its industry, ALTO offers state-of-the-art accounting services. We understand that each market has its own specific conditions and its participants require profiled and comprehensive services.

Aleksandra Bońkowska, who joined the group of ALTO tax line partners in May 2019, became a member of the company Management Board at the beginning of November.

Aleksandra is a tax advisor with over 19 years of experience on the Polish market. From 2020, she is the leader of the team working for the Insurance sector at ALTO, which conducts tax projects for the largest international insurance companies in Poland.

Last year, Aleksandra started building a team of experts dedicated to providing tax advice to clients focused on technology and innovation. One of its main goals is to support technology clients in challenges and opportunities related to tax regulations: in particular we help them with the implementation of R&D allowances.

“Ola has been with us for three years, but the dynamics of her activities, commitment and energy that she brings to the daily functioning of the company and the projects she runs make us feel as if she has always been with us. Her contribution to the development of our services for the Insurance sector has made ALTO one of the brands most recognized by clients in this field. Taking the role of a board member by Ola is a natural change and will certainly contribute to the implementation of new initiatives.” – says Sylwia Kulczycka, Managing Partner of the tax business line at ALTO.

Ola’s appointment to the Management Board in one of the three ALTO business lines is the next stage in the implementation of the group’s development and transformation strategy. Ola will be supported in her role by the other board members – Kamil Lewandowski and Sylwia Kulczycka.

ALTO consists currently of over 150 people in the Tax, Legal, Accounting and Technology departments. All of them for another consecutive years have recorded a dynamic growth both in terms of the number of people in teams and the number of clients, but also they are joining the leaders of numerous national and international rankings.

“The success and dynamic development of ALTO is primarily the result of the commitment and joint efforts of people who are a cohesive team of experts believing that together we can seek and set new standards in the consulting market.” –  says Aleksandra Bońkowska, Partner & Tax Advisor, adding: “In the coming years we plan to further expand both the team and our business. Constant regulatory changes and their lack of clarity direct clients to advisors and experts in a given field, who can strongly support them in business with their knowledge and experience. Today it is not easy to meet the challenges  – first the pandemic, the Polish Order and legislative chaos, then the war in Ukraine and rampant inflation  –  but I am convinced that together we have the power and unlimited possibilities!”

Before joining ALTO, Aleksandra worked at KPMG for 16 years. For a long time she also worked directly with the KPMG insurance audit team as a tax expert. She has extensive experience in advising clients from the financial industry, including in particular: insurance companies, payment market institutions and asset managers.

ALTO once again advised Poland’s largest corporate venture capital fund, Orlen VC, a vehicle for finding innovative solutions around the world. This time, the Fund invested in an Irish company Invert Robotics – during the investment round EUR 10m funding was obtained from the Fund and existing shareholders.

Invert Robotics is a technology company producing NDT robotic inspection crawler platforms. It manufactures equipment for remote inspection of containers, tanks, pipelines and any confined or hazardous spaces. The company together with its capital group operates in several jurisdictions around the world (Irish, Dutch, German, New Zealand and US). Some of the most recognisable global brands, such as Roche, Bayer, Nestle, Danon or KLM and AirFrance can be found among Invert’s clients.

As communicated by Orlen VC in its press release, the new investments, will support, both directly and indirectly, the effective implementation of the Orlen group’s long term strategy and will contribute to building value for all of its stakeholders.

ALTO team provided support in the preparation and negotiations of the transactional documentation and conducted due diligence, while at the same time coordinating work of Irish advisors, i.e. law firm Dillon Eustace and financial and tax advisors PKF O’Connor, Leddy & Holmes.

ALTO team was led by Rafał Kozłowski (Counsel & Attorney-at-law, Head of M&A/VC) with the support of Jędrzej Besztak (Associate), Szymon Tyniec (Associate & Advocate), Natalia Zynwala (Associate & Advocate) and Aleksandra Traczuk (Junior Associate).

Piotr Szeliga, a licensed tax advisor and attorney-at-law joins as a Manager the tax team at ALTO. He will be supporting clients in the field of transfer pricing and corporate income tax.

For over seven years he has been working in leading Polish consulting companies and in one of the so-called “Big Four” firms. He specializes in designing intra-group settlement models, developing comparative analyses and conducting transfer pricing audits. Piotr also supports clients from various industries – including consumer products, FMCG, digital entertainment – in the process of negotiating with the Head of the National Tax Administration in the area of proceedings for the issuance of the advance pricing arrangements (APAs).

„I am extremely pleased to have Piotr join our transfer pricing team. Undoubtedly also our clients, especially those who are close to TP topics, will appreciate Piotr’s presence on board. I am convinced that his previous experience and professionalism will pay off, and that he himself will also find room for development at ALTO.”” – comments Aneta Grzyb, Senior Manager, Advocate & Tax Advisor at ALTO.

So far Piotr has also been providing ongoing tax consultancy, supports clients in tax reviews, withholding tax settlements and MDR issues, with particular emphasis on advisory services for the real estate industry.

Piotr is a graduate of the Kozminski University and the Warsaw School of Economics, where he studied law, management as well as finance and accounting.

„I am really happy to have joined ALTO. The friendly atmosphere at the welcome, the personalised approach to the employee and the care for the comfort of a smooth entry into the organisation is very important and already at the outset says a lot about the company and the values that are cultivated in it. From the beginning of the cooperation, ALTO has shown its orientation towards the employee’s well-being, its openness to their development and its willingness to exchange experiences.

I am convinced that, in combination with the experience gained so far and the support of the other members of the TAX team, together we will translate these values and experiences into the realisation of interesting projects that will bring tangible benefits to our clients.” – says Piotr Szeliga, Manager, Tax Advisor & Attorney-at-law at ALTO.

 

 

ALTO is among the companies nominated in the 12th CEE Investment Awards in the “Tax and Financial Adviser” category.

This is a one-of-a-kind event focused on the investment market, with prizes for the best investors, developers, bankers, specialized service companies and specific projects.

The nominations were carried out online, and on October 26 an international jury consisting of several dozen members, including representatives of the largest Polish and foreign companies, will make their final evaluation and select the winners. The results will be announced on the evening of October 27 during an official gala. The voting will be supervised by an auditor and the announcement of the results will also be broadcast online.

Competition is demanding, but we are happy about it – it is an honor for us to be in such a select group. We keep our fingers crossed for all nominees.

The full shortlist is available here >> 

ALTO is a gold partner of this year’s Pharma 360⁰ PLanet conference, which will be held on November 8-9 at the Arche Krakowska Hotel in Warsaw.

Together with the organizer, Brave Conferences, we cordially invite you!

On the first day of the conference, at 11:35 am, during the plenary session, two of our speakers, Sylwia Kulczycka (Partner & Tax Advisor) and Żaneta Chojnacka (Senior Consultant), will introduce the topic of how pharma & medical companies can save wisely. They will tell what good things the Polish Deal has brought to the industry and what can be offered to key employees to keep them in the company.

Pharma 360⁰ PLanet is an event of great importance for the entire pharma & medical industry. During two days full of lectures, discussions and networking, dozens of speakers from the largest companies in the sector will share their expertise and exchange valuable experiences.

The conference is also a forum for effective interaction, as well as an opportunity to reflect and expand horizons.

Each day begins with a plenary session, while after the lunch break speeches are divided into three parallel thematic panels on legal, strategic, logistics, distribution, sales, marketing and HR issues. As a result, each participant will undoubtedly find something interesting. There will also be Q&A sessions.

The full conference program is available here.