Selih & Partnerji is reporting that it advised Slovenia's Paloma d.d. on the equity capital increase into the company by ECO-Investment, a.s., (Czech Republic) in the amount of EUR 18.2 million at the price of EUR 4.01 per share. The equity capital increase procedure was conducted by Erste Group Bank AG and P&S CAPITAL, which served as financial advisors to Paloma.
Paloma management initiated the process of a capital increase in order to modernize production facilities, increase operating capacity; take advantage of current and future market opportunities and remove current bottlenecks, thereby enhancing efficiency and financial results.
According to Selih & Partnerji Partner Mia Kalas, "as a consequence of the recapitalization, the shareholding of the Slovenian Sovereign Holding (SSH) in Paloma was diluted from 71% to 31%." Kalas, who led the firm's team on the deal, reports that "it is generally expected that the SSH will dispose of its shareholding in the mandatory takeover offer to follow."
Kalas was supported by Partners Tilen Terlep, Nina Selih, and Helena Butolen.
ECO-Investment was advised by Attorney-at-law Marko Kosmac.
