Dentons advised the offering managers — including Haitong Bank, mBank, Pekao Investment Banking, Wood&Co, Raiffeisen Centrobank, Mercurius, Trigon and Vestor — on the initial public offering and listing on the Warsaw Stock Exchange of Polish debt collection company GetBack S.A. Greeberg Traurig advised Getback S.A. and its only shareholder, DNLD Holdings B.V. (an entity controlled by a consortium of private equity funds led by funds from the Abris Capital Partners Group), on the initial public offering of shares and listing.
The public offering covered 40 million shares, 37 million of which were sold to institutional investors. The share price was set at PLN 18.5, putting the value of the offering at PLN 740 million (approximately EUR 174 million), making it the second-largest IPO in Poland in the last four years.
GetBack S.A. is active on the accounts receivable market in Poland and Romania. Its core business includes the purchase of accounts receivable portfolios for its own account, the management of investment portfolios including accounts receivable of third party funds, and the provision of services to collect accounts receivable under engagement from other entities. The company employs more than 1000 people.
Dentons’ Warsaw office conducted due diligence and drafted the issue prospectus, placement agreement and other transaction documentation. Capital Markets Partner Jakub Celinski led the deal, supported by Senior Associates Piotr Kowalik and Ryszard Manteuffel, Counsel Inga Dulska, and Associate Magdalena Chalas. In addition to the Warsaw lawyers, Dentons' Bucharest Partner Perry Zizzi and Senior Associate Doru Postelnicu and London Partner Cameron Half advised on the transaction.
The Greenberg Traurig Warsaw team was led by Managing Partner Jaroslaw Grzesiak and Partner Pawel Piotrowski, supported by Associates Tomasz Szekalski and Agata Wisniewska.