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.