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A&O Advises Eurowag on London Stock Exchange IPO

A&O Advises Eurowag on London Stock Exchange IPO

Czech Republic
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Allen & Overy has advised W.A.G. payment solutions plc (Eurowag) on its IPO on the London Stock Exchange.

Citigroup Global Markets Limited and Morgan Stanley & Co. International plc acted as joint sponsors, joint global coordinators, and joint bookrunners, with Jefferies International Limited acting as joint global coordinator and joint bookrunner, Numis Securities Limited and UBS AG as joint bookrunners, and Rothschild & Co acting as financial adviser.

According to A&O, “Eurowag announced its intention to undertake an IPO on September 13, 2021, and if it proceeds, will apply for admission of its ordinary shares to the premium listing segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange. The offer is expected to comprise both new ordinary shares to be issued by the company, raising gross proceeds of approximately EUR 200 million to support Eurowag’s growth strategy, and existing ordinary shares to be sold by existing Eurowag shareholders.”

Founded in the Czech Republic in 1995, Eurowag is, according to the firm, a pan-European integrated payments and mobility platform focused on the rapidly-growing commercial road transportation industry.

Allen & Overy’s team included Prague-based Partner Prokop Verner, Senior Associates Jana Chwaszcz and Marketa Cisarova, and Junior Lawyer Denisa Jonasova, and London-based Partners James Roe, Jeff Hendrickson, Sarah Henchoz, Paul McCarthy, and Lydia Challen, Senior Associates Hannah Brown, Jonathan Benson, and David Merlin-Jones, Associates Laura Green, Sophie Davis, Colleen McCartney, and Abigail Thompson, and US Law Clerks Yolanda Borquaye and Emenike Omeye.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 250 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately  150 of the Fortune 500 companies, almost 50 of the Czech Top 100 companies and 20 of the TOP 100 Slovak companies. HAVEL & PARTNERS currently provides its services to a total of 2,500 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 languages in more than 110 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious global rating agencies Chambers and Partners (2020, 2021) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a four -time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019, 2020). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the Czech Republic since 2010. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

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