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Clifford Chance and Allen & Overy Advise on Acquisition of Allegro by Cinven, Permira, and Mid Europa

Clifford Chance and Allen & Overy Advise on Acquisition of Allegro by Cinven, Permira, and Mid Europa

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Clifford Chance has advised a consortium of funds consisting of Cinven, Permira, and Mid Europa, on their USD 3.253 billion acquisition of the Allegro Group, the largest online marketplace and non-food shopping destination in Poland, from South Africa-based Internet and entertainment group Naspers. Allen & Overy advised Naspers on the deal.

Allegro, which was established in 1999 and now employs around 1,250 people, has over 20 million registered users who carry out 14 million transactions monthly. According to a Clifford Chance press release, "Cinven, Permira, and Mid Europa identified Allegro as an attractive investment opportunity and the Clifford Chance team supported the funds to secure the acquisition through a competitive bidding process."

Clifford Chance Global Head of Private Equity Jonny Myers led the firm’s team, which included London-based Partners Graham Phillips and Jenine Hulsmann, Warsaw-based Partners Nick Fletcher and Krzysztof Hajdamowicz, London-based Senior Associates Jonathan Kewley, David D'Souza, and Jonathan Halliwell, and London-based Lawyer Elizabeth Sinclair.

Jonny Myers commented: ''We are honored to have worked with three outstanding market-leading clients. Consortium bids are some of the most challenging and complex to deliver for a private equity house requiring seamless teamwork, team chemistry and, above all, mutual respect."

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.

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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

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