Dino Polska WSE IPO

Overview:

• Dino Polska has undertaken an IPO on the Warsaw Stock Exchange (WSE).
• The offering consisted of 48,040,000 shares, valued at Zl1.65 billion, giving the company a market capitalisation of Zl3.4 billion.
• The offering consisted of the 49% in the company owned by Enterprise Investors and is thought to be the largest private equity backed IPO in the CEE to date.
• Enterprise's stake was sold by Polish Sigma Group, a company controlled by its fund Polish Enterprise Fund VI (PEF VI)
• Dino Polska is a Polish supermarket chain with around 628 stores across the country.
• PKO, Wood & Company, Oddział w Polsce, UBS and Erste Group Bank acted as bookrunners.
• Enterprise Investors bought its stake in the company in 2010 for €49.4 million from PEF VI. At the time the company had 97 stores.
• The deal follows a similar exit by Enterprise in February when it sold its stake in Romanian chain Profi Rom Food.

Sam Duke - Editor