Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Wirtualna Polska Holding IPO

Posted 27th May 2015

Wirtualna Polska Holding IPO

Wirtualna Polska Holding IPO

Scroll to keep reading

Wirtualna Polska Holding IPO

Wirtualna Polska Holding IPO

View Biography

Rafał Zwierz – Partner.
Legal Adviser to WPH

Innova Capital-backed Wirtualna Polska Holding (WPH) has listed on the Warsaw Stock Exchange, with a PLN 1bn market cap.

The public offering featured a total of 9.19 million shares priced at PLN 32 apiece. Around a third of the offering comprised newly created shares, generating proceeds of PLN 100m. WPH intends to dedicate the capital raised to further acquisitions and the repayment of existing debt.

Innova-controlled European Media Holding (EMH), meanwhile, reaped PLN 187.3m in gross proceeds by divesting a 35% stake as part of the offering. Innova claims to have recouped around 90% of its initial investment in the business.

Primarily intended for Polish investors, the flotation took place earlier than the 2016-2017 timeframe that had initially been considered, according to WPH.

Pekao Investment Banking, UniCredit’s London branch, Powszechna Kasa Oszczędności Bank Polski, Oddział – Dom Maklerski PKO Banku Polskiego w Warszawie and Dom Maklerski mBanku acted as joint bookrunners for the IPO.

Previous funding
WPH was formed in 2013 via the merger of Polish internet portals Wirtualna Polska and Grupa o2, both bought by Innova Capital from Orange business unit Telekomunikacja Polska. The buyout, valuing the combined business at PLN 375m, was carried out via Innova-backed acquisition vehicle European Media Holding, according to unquote” data.

Innova drew equity from its €302m Innova/5 LP fund, with additional financing coming in the form of a debt package.

Categories: Innovation

You Might Also Like

Flintfox Opens the Door to Europe With New Office

05/05/2015Flintfox Opens the Door to Europe With New Office

Flintfox International, a world leader in trade relationship and promotion management solutions, announce the opening of its new Hertfordshire office, just outside of London in the United Kingdom.

The Power of Giving Back: Why Corporate Social Responsibility Matters

Corporate Social Responsibility

22/04/2022The Power of Giving Back: Why Corporate Social Responsibility Matters

As we enter 2022, consumers and employees are looking for transparency and authenticity from companies, with 59% of consumers stating that businesses have a responsibility to social good.

Duff & Phelps acquisition of American Appraisal

19/03/2015Duff & Phelps acquisition of American Appraisal

Duff & Phelps Corporation, the premier global valuation and corporate finance advisor, has announced that it has acquired American Appraisal Associates, Inc., a global full-service valuation and fixed asset management advisor. The transaction bolsters Duff & P

The Power of Outsourcing

02/02/2016The Power of Outsourcing

Most businesses we speak to are suffering from the same condition. Lack of time. To build and grow your business you need to be able to focus on identifying growth areas, building a strong pipeline of prospects and maintaining/retaining your existing customer

8 Critical Components of a Good Human Resources Strategy

16/02/20238 Critical Components of a Good Human Resources Strategy

Businesses often invest a lot of time and resources into the sales and marketing teams, while ignoring the value of the human resources department. Without them, the rest of the company would be ineffective in their roles. Human resources teams are more import

The Culture of Diversity

01/07/2016The Culture of Diversity

Walking the Talk are culture transformation experts. We enable our clients to align culture with strategy to deliver improved business results. Our proven methodology creates powerful culture transformation that leaves organisations

Why Copy Trading is Not a Sure Win Strategy

09/05/2022Why Copy Trading is Not a Sure Win Strategy

Novice investors often look to copy trading as a sure win strategy to get a good return on investment (ROI). By following the market movements of successful traders with high-performing investments, they hope to be as successful as the traders they follow on c

Here’s the Evidence You Need to Prove Negligence in A Car Crash

09/02/2023Here’s the Evidence You Need to Prove Negligence in A Car Crash

Negligence is a legal concept often used in car crash cases. It refers to a failure to exercise care, resulting in harm or injury to another person.

Autumn Statement 2016 – UKCloud Welcomes Digital Infrastructure Investment

23/11/2016Autumn Statement 2016 – UKCloud Welcomes Digital Infrastructure Investment

Today, the Chancellor Philip Hammond has outlined his priorities for taxes and spending in the wake of the UK's vote to leave in the EU in his Autumn Statement. Notably for the technology sector, more than £1bn will be allocated to supporting digital infrastr

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS