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White & Case Advises Kenbourne Invest on Sale of Shares in Play Communications

Global law firm White & Case LLP has advised Kenbourne Invest S.A. on the accelerated bookbuilding process announced by Kenbourne Invest and Tollerton Investments Ltd. for the sale of shares in Play Communications S.A. (Play).

The accelerated bookbuilding process was carried out on September 4, 2019. Kenbourne Invest and Tollerton Investments, which respectively held 30.04 percent and 29.14 percent of Play’s shares, sold 23,086,237 ordinary Play shares, constituting 9.08% of its total shares, for around PLN 704 million.

The offer was directed exclusively at specific, qualified institutional investors in the US and Europe. UBS Europe SE and Santander Bank Polska S.A. acted as global coordinators and joint bookrunners. 

The White & Case team in Warsaw which advised on the transaction was led by local partner Rafał Kamiński with support from associate Monika Dużyńska, under the supervision of partner Marcin Studniarek.

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