White & Case has advised the managers on Murapol's initial public offering and the admission to trading of its shares on the regulated market of the Warsaw Stock Exchange. Rymarz Zdort Maruta advised Murapol and AEREF V PL Investment as the selling shareholder. Freshfields reportedly advised Murapol as well.
Erste Group Bank, Erste Securities Polska, Pekao Investment Banking, Santander Bank Polska Biuro Maklerskie, and Banco Santander were the IPO's joint global coordinators and joint bookrunners. Biuro Maklerskie Pekao was the investment firm intermediating in the public offering, joint bookrunner, and stabilization manager. Erste Securities Polska and Santander Bank Polska Biuro Maklerskie also acted as investment firms co-intermediating in the public offering.
Murapol is a residential developer in Poland. The shares debuted on the WSE on December 15, 2023. The share price in the public offering was set at PLN 33 per share and the final number of shares offered was 12.24 million, constituting 30% of Murapol’s share capital. The value of the IPO was approximately PLN 404 million.
"The offering included only existing shares sold by AEREF V PL Investment, Murapol’s majority shareholder, belonging to real estate funds managed by Ares Management, a leading global alternative investment manager," White & Case reported.
The White & Case team included Partners Marcin Studniarek and Rafal Kaminski, Local Partner Monika Duzynska, and Associates Dawid Ksiazek and Michal Truszczynski.
The Rymarz Zdort Maruta team included Managing Partner Pawel Zdort, Partners Ewa Bober and Jacek Zawadzki, Senior Associates Karolina Klos, Tomasz Bakowski, Michal Chyla, and Tomasz Kordala, and Associates Bartlomiej Skwarlinski, Piotr Slawek, Alicja Szymanska, Maksymilian Kaszubowski, Justyna Niezgoda, Marta Szczepkowska, Szymon Marciniak, and Tomasz Wieczorek.