14
Sun, Jul
68 New Articles

White & Case Advises PPF Group on 15% Stake Acquisition in InPost

White & Case Advises PPF Group on 15% Stake Acquisition in InPost

Czech Republic
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

White & Case has advised the PPF Group on its acquisition of a 15% shareholding in InPost from Advent International for EUR 10 per share. Weil, Gotshal & Manges advised Advent.

InPost is a European automated parcel machine service provider listed on Euronext Amsterdam.

According to the PPF Group, “together with previous purchases of InPost shares on the open market, the group currently holds an aggregate shareholding representing 16.75% of the InPost share capital. Under the agreement with Advent, PPF has the option to buy a further 15% stake in InPost from Advent.”

"With this investment, we have taken a major step towards strengthening the e-commerce sector in which PPF has long been active,” PPF Group Chief Investment Officer Didier Stoessel said. “E-commerce is one of our four main investment pillars, along with financial services, telecommunications, and media. As a major shareholder, we are committed to contributing to the international expansion of, and value generation by, InPost, one of the most dynamic companies in its sector.”

Back in 2019, White & Case advised the PPF Group on several mandates, including its EUR 500 million note issuance (as reported by CEE Legal Matters on November  27, 2019); the establishment of its EUR 3 billion Medium Term Note Program and debut issuance of EUR 550 million 3.125% notes due March 2026 (as reported on April 9, 2019); the sale of its stake in Telenor Hungary (as reported on November 7, 2019); and its USD 2.1 billion acquisition of Central European Media Enterprises (as reported by CEE Legal Matters on November  6, 2019).

The White & Case team included Prague-based Partners Jan Andrusko and Jan Stejskal with further team members in London and Luxembourg.

The Weil team was led by London-based Partners David Avery-Gee, Sarah Flaherty, and Patrick Brendon.

Czech Republic Knowledge Partner

PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

Firm's website: www.prkpartners.com

Our Latest Issue