White & Case advises banks on CCC’s offer of new shares valued at over PLN 1.55 billion

Global law firm White & Case LLP has advised a banking syndicate on CCC S.A.’s offer of new series N ordinary bearer shares in an accelerated book-building (ABB) process valued at more than PLN 1.55 billion.

The offer by way of a private subscription included the issuance of 8,157,894 million series N shares at an issue price of PLN 190 per share. Both Polish and foreign investors participated in the offer. The shares were sold only to selected qualified investors and investors acquiring securities with a total value of at least €100,000 in Poland, as well as pursuant to other exemptions from the obligation to prepare a prospectus and outside the US under Regulation S pursuant to the US Securities Act 1933, as amended.

CCC plans to allocate the funds raised from the share issue to pay the cash portion of the buyout of Modivo’s minority shareholders.

The managers of the offer included the following banks: Powszechna Kasa Oszczędności Bank Polski S.A. Oddział – Biuro Maklerskie w Warszawie, as offering agent, Trigon Dom Maklerski S.A., together with the offering agent the global coordinators, Bank Handlowy w Warszawie Spółka Akcyjna – Departament Maklerski Banku Handlowego, Citigroup Global Markets Europe AG, Bank Polska Kasa Opieki Spółka Akcyjna – Biuro Maklerskie Pekao, Pekao Investment Banking Spółka Akcyjna, BNP PARIBAS, mBank S.A., Santander Bank Polska S.A. – Santander Biuro Maklerskie, BANCO SANTANDER S.A. and WOOD & Company Financial Services, A.S. Spółka Akcyjna and Oddział w Polsce.

CCC is one of Europe’s largest footwear and clothing retailers. Operating across 30 markets, it has approximately 1,000 offline stores and an e-commerce presence operating under several brands, including CCC, HalfPrice, eobuwie.pl, MODIVO, Worldbox and Boardriders. CCC has been listed on the Warsaw Stock Exchange since 2004.

The White & Case team in Warsaw which advised on the transaction included partner Marcin Studniarek, local partner Monika Dużyńska, and associate Dawid Książek.

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