Red Herring acted as exclusive sell-side advisor to the shareholders of KZA (Krakowskie Zakłady Automatyki) in the company’s sale to FIMA, a Lithuanian strategic acquirer with deep experience in Baltic markets. The transaction was executed at a pivotal moment for KZA — the company stood on the verge of securing major contracts linked to the modernisation of Poland’s rail infrastructure, significantly increasing its strategic value. Red Herring managed the full process, from buyer identification and the creation of a competitive multi-country bidding environment, through due diligence coordination and negotiations, ultimately securing several acquisition offers that varied by nearly twofold in value.