SPCG has advised PRA Group, the world leader in acquisition and management of non-performing debt portfolios, whose parent company – PRA Group Inc. – is an American company listed on Nasdaq, on the acquisition transaction of shares of the company – DTP S.A. listed on the Warsaw Stock Exchange S.A.
PRA Group has been present on the Polish market since 2014. The acquisition of DTP S.A. shares is part of the PRA Group long-term strategy to expand the presence on the Polish market.
SPCG has worked on the complex transaction management, which covered, among other things, DTP S.A. due diligence, negotiations with the previous shareholders of the company, and the advice when the tender offer for the sale of 100% of DTP S.A. shares was announced and the representation in the proceedings before the President of The Office of Competition and Consumer Protection.
PRA Group has acquired 99,73% of DTP S.A. shares for the total amount of PLN 174,5m, as a result of the successful completion of the tender offer.
SPCG Partner Artur Zapała was involved in the transaction with the support of Of Counsel Ewa Mazurkiewicz, Associates: Agnieszka Kołodziej – Arendarska and Agnieszka Zelek, and Junior Associate Hubert Andziak. SPCG Partner Wawrzyniec Rajchel was involved in the proceedings for the granting of approval of the President of The Office of Competition and Consumer Protection.