White & Case and SK&S Advise Bank Zachodni on Financing for Offer to Acquire Amrest Shares

White & Case has advised Bank Zachodni WBK S.A., a member of Santander Group and one of the largest financial institutions in Poland, on indirect financing to guarantee the potential acquisition by the fund FCapital Dutch B.V. of up to 34.29 percent of the shares in AmRest Holdings SE. Soltysinski Kawecki & Szlezak advised FCapital Dutch on Polish matters.

FCapital submitted the offer to acquire up to 7,274,379 shares at PLN 215 per share, valuing the transaction at up to PLN 1.56 billion (approximately EUR 356 million).

FCapital is the largest shareholder in AmRest, directly holding 31.71 percent of the total number of shares and votes at meetings of the company's shareholders. As a result of the transaction, FCapital intends to hold, through its Luxembourg-registered subsidiary Cullinan S.A R.L, 66 percent of the total number of AmRest shares, entitling it to exercise 66 percent of votes at shareholders’ meetings.

AmRest is the largest company operating restaurant networks in Central & Eastern Europe, with a portfolio of brands including KFC, Pizza Hut, Burger King and Starbucks. 

The White & Case team in Warsaw advising on the transaction was led by Partner Tomasz Ostrowski with support from Associates Ilona Fedurek and Michal Oles.

The SK&S team was led by Partner Marcin Olechowski and included Partner Krzysztof Kanton, Of Counsel Justyna Mlodzianowska, Senior Counsels Witold Kurek and Jaroslaw Lukawski, and Senior Associate Katarzyna Oledzka, as well as Andrzej Motyka, Jan Pierzgalski, Anna Bartosiewicz, and Karolina Zajac. 

FCapital Dutch also received advice from Uria Menendez in Spain, Arendt & Medernach in Luxembourg, and Nauta Dutilh in the Nethedlands.

Last modified onWednesday, 27 July 2016 08:03
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