Norton Rose Fulbright advises Bank Gospodarstwa Krajowego on landmark investment in Eiffel Group

Global law firm Norton Rose Fulbright has advised Bank Gospodarstwa Krajowego (BGK), Poland’s state development bank, on its investment in the Eiffel Group, a French private equity fund focused on the energy transition sector, as a limited partner.

The transaction aligns with BGK’s long-term strategy to support sustainable infrastructure and capital market development, both in Poland and across Europe.

The matter was co-led by the Paris and Warsaw office of Norton Rose Fulbright. This close collaboration allowed to provide both Polish and French legal and regulatory advice simultaneously. The firm’s support also included tax structuring on the French end of the investment.

The cross-border nature of the transaction required careful coordination of regulatory, fund formation, corporate and tax considerations, highlighting the firm's integrated European capabilities in advising public sector financial institutions on complex private equity structures.

The French legal advisory was provided by Paris-based partner Roberto Cristofolini and counsel Aurélie Pelisson, as well as the tax team comprising partner Antoine Colonna d'Istria and associate Alexandra Bloch-Manikow.

The transaction was coordinated by the Warsaw-based counsel Krzysztof Jasiński, who was also responsible for the corporate aspects of the BGK’s investment. The entire Norton Rose Fulbright team worked under the supervision of energy and project finance partner Tomasz Rogalski.

Roberto Cristofolini, partner at Norton Rose Fulbright in Paris and Krzysztof Jasiński, counsel at Norton Rose Fulbright in Warsaw, commented:

"We are proud to have supported Bank Gospodarstwa Krajowego in this landmark investment. The transaction required close collaboration between our teams in Poland and France and a comprehensive approach – from structuring to regulatory and tax matters. We are pleased that our experience in cross-border private equity and fund formation work could contribute meaningfully to the client’s objectives."

Eiffel Investment Group is a leading French asset manager specializing in sustainable investments. With a focus on financing the ecological transition and innovation, Eiffel manages funds across private debt, private equity, and listed assets. The group partners with institutional and public investors to support the development of resilient infrastructure and forward-looking enterprises across Europe.

Bank Gospodarstwa Krajowego (BGK) is Poland’s national development bank, playing a key role in supporting the country’s social and economic growth. BGK finances infrastructure and investment projects of strategic importance to the national economy, promotes sustainable development, and facilitates access to capital for Polish businesses. Acting as a long-term partner to public and private entities, BGK contributes to the implementation of government development programs and actively supports initiatives aimed at strengthening Poland’s financial and capital markets.