Rymarz Zdort has advised the Play Group on its acquisition of a 92.5% stake in Redge Technologies from Custodia Capital. Dentons reportedly advised Custodia.
Redge Technologies is a provider of linear and on-demand TV systems to media and telecommunications businesses. According to Rymarz Zdort, “its flagship solution, Redge Media, is a native OTT technology platform. Additionally, Redge Technologies has developed an innovative carrier-class system that protects against cyberattacks on a European scale.”
Custodia Capital is a fund that focuses on private equity investments in the SME sector in Poland.
According to the firm, “the remaining 7.5% stake in the company stays with its founder and CEO Przemyslaw Frasunek. Play’s experience in providing fiber-optic internet and 5G mobile services, combined with Redge Technologies’ video competencies, will allow the two companies to offer new digital video distribution solutions.”
Rymarz Zdort’s team included Partners Jakub Zagrajek, Monika Kierepa, and Jakub Rachwal, Senior Associate Pawel Mazur, and Associates Patrycja Gliwka and Sebastian Stepinski.