22
Wed, Sep
48 New Articles

Greenberg Traurig Advises CCC Group on SoftBank's PLN 500 Million Investment in Eobuwie.pl

Greenberg Traurig Advises CCC Group on SoftBank's PLN 500 Million Investment in Eobuwie.pl

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

Greenberg Traurig has advised the CCC Group on a PLN 500 million investment agreement with the Softbank Group. The SoftBank Vision Fund 2 will invest in CCC's majority-owned online footwear and clothing platform Eobuwie.pl SA by taking up convertible bonds. Clifford Chance reportedly advised SoftBank on the deal.

According to Greenberg Traurig, CCC S.A. is one of the largest European retail companies producing footwear and is the majority shareholder of Eobuwie.pl. The group has over 80 e-commerce platforms and 1,000 stores in 29 countries under the brands CCC, Eobuwie.pl, Modivo, HalfPrice, DeeZee. CCC S.A. employs nearly 15,000 people and sells over 50 million pairs of shoes annually. The company has been listed on the Warsaw Stock Exchange since 2004.

According to the firm, “SoftBank will invest in Eobuwie.pl by taking up convertible bonds. The bonds will be automatically converted by Eobuwie into shares of Eobuwie in the event of Eobuwie IPO, which is planned in the next 12-24 months, or certain similar transactions specified in the terms and conditions of the bonds. The convertible bonds will be issued under an exemption from the obligation to publish an issue prospectus, information memorandum or any other offering document and they would not be introduced to trading on any market.”

Greenberg Traurig’s team included Partners Rafal Sienski and Andrzej Wysokinski and Senior Associates Marek Kleczek and Magdalena Bachleda-Ksiedzularz.

Editor's note: After this article was published, CEE Legal Matters received confirmation that Clifford Chance advised SoftBank. The firm's team included Partners Agnieszka Janicka, Marcin Bartnicki, and Grzegorz Namiotkiewicz, Counsel Tomasz Derda, and Senior Associate Aleksandra Rudzinska.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue