PeliFilip offered legal assistance to Digi Communications N.V. (“DIGI”), the majority shareholder of RCS & RDS S.A., with regards to the public offering of up to 21,744,108 shares at a bid price expected to be between RON 38 and RON 56 per share and the admission of the shares offered for trading on the Regulated Spot Market of the Bucharest Stock Exchange, International Category.
The offer consists of a tranche addressed to the public in Romania and a tranche addressed to institutional investors in the the Member States of the European Economic Area and those of the United States of America, in so far as they are “Qualified Institutional Buyers” under Rule 144A of the Securities Act of 1933 of the United States of America. The bid will run from 28 April to 10 May 2017, with DIGI’s shares expected to be admitted to trading around 16 May 2017.
Freshfields Bruckhaus Deringer LLP, an international law firm, provided the issuer with legal assistance regarding the U.S., UK and Dutch.
The offer mediation syndicate is composed of Citigroup Global Markets Limited and Deutsche Bank AG, London Branch (as Joint Global Coordinators), Raiffeisen Bank S.A., Société Générale SA / BRD - Groupe Société Générale S.A., WOOD & Company Financial Services, a.s. and BT Capital Partners S.A. (in its capacity as Principal Manager). Clifford Chance Badea Law Firm provided the intermediaries with legal assistance on the Romanian law, while Cleary Gottlieb Steen & Hamilton LLP and Houthoff Buruma offered legal assistance on the U.S., UK and, respectively, Dutch laws.
“This is the project I am most proud of in my career. DIGI is a special client for us, we have been working together for 10 years and they have always been for us (and for me, as an individual) an example of what a local business can do with honesty, a lot of hard work, talent and customer orientation. I am glad that from now on, others can also benefit from their results and can be part of their story.” (Alexandru Bîrsan, partner of PeliFilip)
PeliFilip team was coordinated by Alexandru Bîrsan, Partner, being composed of Olga Niţă, Senior Associate, Ana Andreiana, Senior Associate, Roxana Diaconu, Associate and Dragoş Ungureanu, Associate.
PeliFilip has one of the most dynamic Finance & Capital Markets practices in Romania. The team includes specialists with broad and successful experience acquired in complex transactions, both at national and international level.