DWF has advised shareholder Gold Town Inv. Limited on the sale of shares in Wittchen via an accelerated book-building process with sole global coordinator and bookrunner Ipopema Securities.
According to the company's website, “Wittchen is a market leader specializing in luxurious leather goods. The company was founded in 1990 by Jedrzej Rafal Wittchen, who runs it with his wife Monika.” The company was first listed on the Warsaw Stock Exchange on November 9, 2015, with the final IPO price per share set at PLN 17.
According to DWF, “the transaction covered the sale by Gold Town Inv. Limited of 2.81 million shares at a price set at PLN 35 per share, which constitutes 15.31% of the shares and the same amount of the total number of votes in the company. The total value of the transaction was circa PLN 100 million. Following the completion of the sale, Gold Town Inv. Limited remains the majority shareholder in the company, holding 56.17% of the shares in the company's share capital.”
According to the firm, “the shares were sold only to selected qualified investors and/or investors acquiring securities with a total value of at least EUR 100,000 in Poland and outside the United States of America under Regulation S pursuant to the US Securities Act of 1933, as amended.”
DWF’s team included Managing Partner Michal Pawlowski, Partner Rafal Wozniak, and Associates Patrycja Figula and Mateusz Bak.