IFLR1000

Digi Communications BVB IPO

26/4/2017
IPO
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ROL 1.2 billion

$ 289.228 million

Completed

26/4/2017

Overview:

  • Digi Communications has undertaken an IPO on the Bucharest Stock Exchange (BVB).
  • The company offered 21,744,108 shares at between ROL38 and ROL56 per share. The company is looking to raise around ROL1.218 billion.
  • The offering consists of a public issue and a separate issue to institutional buyers.
  • Citigroup and Deutsche Bank acted as joint global coordinators and bookrunners, Société Générale, Raiffeisen Bank and Wood & Company Financial Services acted as bookrunners and BT Capital Partners acted as bookrunner and lead manager.
  • Digi Communications is a Romanian telecoms provider, registered in the Netherlands, active in both Romania and Hungary. According to Romania-Insider, the company, based on client numbers, has nearly 50% of the cable TV and fixed internet service market in Romania and 11.6% of the mobile market.

Sam Duke - Editor

Jurisdiction:

Romania

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sector:

Technology and telecommunications

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Citigroup (Joint global coordinator, Bookrunner)

Party: Deutsche Bank AG Na ON (Joint global coordinator, Bookrunner)

Party: Société Générale (Bookrunner)

Party: Raiffeisen Bank International (Bookrunner)

Party: Wood & Company Financial Services (Bookrunner)

Party: BT Capital Partners (Bookrunner, Lead manager)

Lawyers: David Gottlieb, Pierre-Marie Boury (retired)

Clifford Chance Badea

Party: Citigroup (Joint global coordinator, Bookrunner)

Party: Deutsche Bank AG Na ON (Joint global coordinator, Bookrunner)

Party: Société Générale (Bookrunner)

Party: Raiffeisen Bank International (Bookrunner)

Party: Wood & Company Financial Services (Bookrunner)

Party: BT Capital Partners (Bookrunner, Lead manager)

Lawyers: Daniel Badea, Madalina Rachieru-Postolache

Filip & Company

Party: Digi Communications (Issuer)

Lawyer: Alexandru Bîrsan

Freshfields Bruckhaus Deringer

Party: Digi Communications (Issuer)

Houthoff

Party: Citigroup (Joint global coordinator, Bookrunner)

Party: Deutsche Bank AG Na ON (Joint global coordinator, Bookrunner)

Party: Société Générale (Bookrunner)

Party: Raiffeisen Bank International (Bookrunner)

Party: Wood & Company Financial Services (Bookrunner)

Party: BT Capital Partners (Bookrunner, Lead manager)

Lawyers: Jetty Tukker, Kyoko Tollenaar

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