Carlsquare opens office in Poland and strengthens focus on TMT, Consumer Goods and Healthcare
23 May 2023
We are pleased to announce that Jorge Abugaber has joined Carlsquare as Managing Partner of our new Warsaw office with a primary focus on the TMT, Consumer Goods and Healthcare industries.
Jorge Abugaber, a Harvard graduate, brings 15 years of experience and in-depth knowledge of the M&A process on the sell- and buy-side. Having started his career at J.P. Morgan in New York, he gained extensive experience in executing cross-border transactions, both outbound and inbound, in the CEE region. Most recently, he was Managing Director at Santander Corporate & Investment Banking in Warsaw, where he headed the team covering the TMT, Consumer Retail and Healthcare sectors. Jorge is a bilingual native speaker of English and Spanish with full fluency in Polish.
Poland with its high, stable growth is one of the fastest expanding economies in Europe and one of the most attractive locations for M&A. Looking at deals focusing on transactions involving fast-growing, owner-managed companies in the past 10 years, both the volume and value of such transactions have steadily increased year on year. This is a long-term trend which we expect to continue going forward.
What is even more promising is the share of technology-related deals in this overall picture, given that Carlsquare focuses on high-growth, innovative companies. The number of technology-related M&A deals has increased almost threefold in Poland since 2017. These key sectors account now for over half of similar-sized deals in Poland – up from under a third just five years ago.
As the number of technology and cross-border transactions in Poland continues to grow, factors such as deep sector knowledge and long-term relationships with international buyers are becoming crucial to achieve the best outcome possible in an M&A transaction. With Jorge onboard, we are convinced to take Carlsquare to the next level, especially in the technology-related areas.
“I am thrilled to join Carlsquare and lead the firm’s expansion into Poland. Not only do I believe the Polish market presents a tremendous opportunity for M&A overall, I am confident this opportunity is even greater for Carlsquare given its areas of expertise.” – Jorge Abugaber
“Poland has always been a key cross-border-M&A-market for Carlsquare, especially from the German and Nordic side. With Jorge on the ground we expect to strengthen our focus and increase our market share in Poland.” – Michael Moritz