© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Wirtualna Polska Holding IPO
Posted 27th May 2015

Wirtualna Polska Holding IPO

Wirtualna Polska Holding IPO

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Wirtualna Polska Holding IPO

Wirtualna Polska Holding IPO

View Biography

Weil, Gotshal & Manges

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
Read Full PostRead - Eye Icon
PPP Overview & New Opportunities
News
06/06/2024PPP Overview & New Opportunities

PPP Overview & New Opportunities The Investor The Investor must qualify and prove that they own the funds/assets. The Investor must have full control over the funds/assets. The Investor also has to qualify to participate in the program. Samorekand Trade Fi

Read Full PostRead - Eye Icon
Seven Easy Steps Employers Can Take to Engage Gen Z in the Workplace
Leadership
01/07/2024Seven Easy Steps Employers Can Take to Engage Gen Z in the Workplace

Whether it is maintaining flexibility in the workplace or scrapping annual reviews, there are plenty of ways to keep this generation engaged. Below you can find compelling insights into how Gen Z is navigating the workplace, and effective strategies emplo

Read Full PostRead - Eye Icon
Turning a Struggling Brand into a Triumph: the ABC to Success
Strategy
06/01/2022Turning a Struggling Brand into a Triumph: the ABC to Success

Instability throughout the retail sector came to the fore during the pandemic as established brands struggled to overcome their outdated business models. However, the challenges faced by these brands began the well before the pandemic as market fluctuations ca

Read Full PostRead - Eye Icon
From India to International
Leadership
23/05/2022From India to International

Initially formed in 1992, Krishna & Saurastri Associates LLP began its journey in the industry when it merged with a law practice set up in 1956. Recognised as the Leading Intellectual Property Prosecution Law Firm of the Year, Krishna & Saurastri Associates L

Read Full PostRead - Eye Icon
ClearlySo Raises £1.25 Million in Equity as Octopus Takes a Major Stake
Finance
14/06/2016ClearlySo Raises £1.25 Million in Equity as Octopus Takes a Major Stake

London, United Kingdom - ClearlySo, Europe’s leading impact investment bank, announced today that Octopus has taken a 12.3% stake in the company as part of a £1.25 million growth funding round. Octopus, a fast-growing UK fund management company and the larg

Read Full PostRead - Eye Icon
Grakon LLC Acquires BMAC Limited
M&A
11/10/2016Grakon LLC Acquires BMAC Limited

Grakon LLC, a global leader in the design and manufacture of custom LED interior and exterior lighting solutions

Read Full PostRead - Eye Icon
Creating Innovative Technologies in the Cardiovascular Space
Leadership
16/01/2018Creating Innovative Technologies in the Cardiovascular Space

FineHeart is a French medical device company focused on creating innovative technologies in the cardiovascular space.

Read Full PostRead - Eye Icon
Ambienta Acquires a Majority stake in SF-Filter AG
Finance
09/02/2016Ambienta Acquires a Majority stake in SF-Filter AG

Ambienta, the largest European private equity fund specialised in environmental businesses, today announced it has acquired a majority stake in SF-Filter AG, Zurich, a successful specialist for filter solutions with sales of about CHF 80 m.

Read Full PostRead - Eye Icon
Tips on How to Protect Your Business from Coronavirus Scams
Strategy
06/05/2020Tips on How to Protect Your Business from Coronavirus Scams

Taking advantage of any situation that presents itself, cybercriminals all over the world have been finding ways to capitaliseon the current coronavirus pandemic. In recent weeks there have been numerous phishing scams related to the virus, from emails and mes



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.

Arrow