Sun, Mar
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

  • 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.

Our Latest Issue