Wołoszański & Partners has coordinated a sale transaction of Web Shield to Swedish ZignSec

Wołoszański & Partners assisted a leading RegTech provider, Web Shield, with legal advice on the sale of its shares in the Web Shield Group to ZignSec AB, a company based in Sweden. ZignSec AB is acquiring 100% of the shares of the UK-based company Web Shield Ltd, including the subsidiaries Web Shield Services GmbH, Web Shield Services Polska sp. z o.o and 50% of Web Shield Legal Library sp. z o.o. and Web Shield Legal Library sp. z o. o. sp. k. for EUR 28 million. The acquisition agreement was signed on June 6, 2021.

Web Shield Acquisition During the sales process, Web Shield was supported by an international team of experts specialising in transaction consulting, coordinated by Wołoszański & Partners, with the Managing Partner –
Michał Wołoszański – entrusted with the overall project leadership.

The consulting services focused particularly on the management of several teams in the UK, Germany, Poland and Sweden alongside conducting a financial due diligence review of the Web Shield Group.

Legal assistance in the UK was provided by Ellisons Solicitors – Alliott Global Alliance’s law firm member that was responsible, among others, for the due diligence of Web Shield Ltd. The transaction in Sweden was backed by Magnusson – a Stockholm-based international business law firm.

“It was a challenging project,” says Managing Partner Michał Wołoszański. “The transaction included a complex due diligence review in 3 different jurisdictions. During the project, all the companies remained fully operational as the business continuity was ensured in terms of technology, operations, finance and ownership. This accomplishment was made possible due to our diligent process coordination but also thanks to the highly professional contribution of the engaged law firms: Ellisons Solicitors, Magnusson and Eversheds Sutherland – the law firm on the other side of transaction.”

The CEO of Web Shield, Alex Noton:

Michał Wołoszański and his team’s assistance in connection with the sales transaction was highly valued, and the project ran very smoothly. They took care on every single aspect of the transaction while keeping us fully operational. I would wholly recommend them to others who need M&A deal assistance.

The team from Wołoszański & Partners that supported the transaction included our lawyers Michał Wołoszański, Kamil Kalenczuk, Przemysław Maruniak, Łukasz Kudela as well as the Head of Finance, Milena Zwierz.

The closing of the transaction is subject to customary conditions, including foreign investment approval, and it is expected to take place during Q3 of 2021.


About Web Shield

Web Shield is a leading RegTech company with cutting-edge expertise in real-time onboarding, compliance and monitoring. Founded in 2011, it currently has over 40 employees.

About ZignSec AB

ZignSec is a RegTech company that has developed and now operates a technical platform with different types of ID verification methods in one place. Such methods are employed by companies to swiftly and safely identify online customers in real time. ZignSec’s customers operate in various industries where identification is important, with the greatest concentration being in financial services and other regulated industries.


For more information, please contact Wołoszański & Partners at:

Olga Kolomiiets, Head of Marketing
+ 48 22 295 08 90, olga.kolomiiets@wlaw.pl
Wołoszański & Partners Law Firm
Spectrum Tower, XIX fl., 18 Twarda Street,
00 – 105 Warsaw / Poland

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