Mon, Jun
52 New Articles

Dentons Prague Participates in Advice to VGP NV on Follow-on Equity Offering

Dentons Prague Participates in Advice to VGP NV on Follow-on Equity Offering

Czech Republic

Dentons has advised VGP NV, an international project developer of high-quality logistics and semi-industrial real estate and ancillary offices, on its EUR 284.8 million Rule 144A/Regulation S marketed secondary public offering.

The offering consisted of shares sold by affiliates of a founding shareholder and the chief executive officer, and is one of the largest secondary share sales in Belgium in recent years. VGP is incorporated in Belgium and listed on Euronext Brussels and the Prague Stock Exchange. The offering included a public offering in Belgium, a placement to qualified institutional buyers in the United States in reliance on Rule 144A, and a placement to institutional investors in other jurisdictions. Following the offering, VGP's free float has increased from 10.1% to 37.5%.

VGP constructs and develops high-end logistic real estate and ancillary offices for its own account and for the account of its VGP European Logistics joint venture (with Allianz Real Estate). VGP's business is focused on Spain, Germany, Czech Republic, and other Central European markets.

The Dentons team was led by London-based US Securities Partner Cameron Half, who was supported by Associate Estrellita Ramirez and Trainee Carey Tang. Prague-based Partner Jiri Strzinek provided advice on Czech real estate matters; Berlin-based Partner Dirk-Reiner Voss advised on German real estate matters; and New York-based Partner Jon Hutchens advised on US tax matters. Argo BCVBA acted as Belgian counsel to VGP NV.

Czech Republic Knowledge Partner

Since its founding in 2004, we have endeavoured to make our law firm the epitome of professionalism, expertise and ethical integrity. We continuously strive to go beyond what large global law firms can offer and to add a personal approach when working with our clients. We do not distinguish between major and minor tasks; we offer clear answers in both complex and seemingly routine matters.

We help our clients implement their business plans by advising them across all areas of commercial law. Through a unique network of law firms, PONTES: the CEE lawyers, we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz/

Our Latest Issue