CCC Raises PLN 1.55 Billion through Share Issuance
Deal News | Apr 10, 2025 | CEE Legal Matters
White & Case has advised a banking syndicate on the issuance of new shares by CCC, which successfully raised over PLN 1.55 billion. The operation was executed through an accelerated book-building process. The consortium of banks involved in the transaction included notable financial institutions such as Powszechna Kasa Oszczednosci Bank Polski and Citigroup Global Markets Europe. This structured private subscription was strategically planned to involve the issuance of 8,157,894 series N shares priced at PLN 190 each, attracting both Polish and international investors. White & Case has reported that the capital raised from this issuance is intended to finance the buyout of Modivos minority shareholders. The intricate legal work involved White & Case's team in Warsaw and Greenberg Traurig provided legal counsel to CCC, with teams led by Partners Marcin Studniarek and Rafal Sienski, respectively.
Sectors
- Financial Services
- Legal Services
- Retail
Geography
- Poland – The transaction and involved parties such as CCC and major banks are primarily based in Poland.
- Europe – The share issuance attracted foreign investors from Europe, and several involved banks have strong European ties.
Industry
- Financial Services – The article discusses the participation of a consortium of banks and associated financial services firms in facilitating CCC's share issuance.
- Legal Services – The involvement of law firms White & Case and Greenberg Traurig in providing legal advice for the transaction underscores this classification.
- Retail – CCC, the main subject of the article, operates in the retail industry, particularly within the footwear sector.
Financials
- PLN 1.55 billion – The total value of the new series N ordinary bearer shares issued by CCC.
- PLN 190 – Issue price per series N share.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CCC | Target Company | Company | A leading Polish retailer specializing in footwear. |
| White & Case | Legal Advisor for Banking Syndicate | Company | An international law firm providing counsel for the banking consortium in the share issuance. |
| Greenberg Traurig | Legal Advisor for CCC | Company | A global law firm advising CCC in the share issuance. |
| Powszechna Kasa Oszczednosci Bank Polski | Bank in Syndicate | Company | One of the banks in the consortium facilitating CCC's share offer. |
| Citigroup Global Markets Europe | Bank in Syndicate | Company | Another participant bank in the syndicate offering financial services for the transaction. |