Colt CZ Group SE places its shares with investors through an accelerated book-building process

The ABB attracted very strong demand from the investors, enabling the Company to increase its share capital by issuing 3,900,000 additional shares, representing 6.91% of the total shares in the Company. The purchase price achieved in the ABB was CZK575 per share, with total gross proceeds of the trade of slightly over CZK2.24 billion.

The A&O Shearman team working on the transaction was led by Prague-based partner Petr Vybíral working alongside associate Denisa Jonášová and junior lawyer Jan Vlček. The US law aspects were handled by London-based partner Jeff Hendrickson together with senior associate Carolyn Slauson Ali and associate Georges Haddad.

Commenting on the transaction, Nick Kaufmann, managing partner and head of equity capital markets & syndicate at WOOD & Company, said: "It was a pleasure working with the A&O Shearman team, who were proactive in finding legal solutions in this complex transaction and significantly helped us in coordinating the whole process."

Partner Petr Vybíral said: “It has been an honor and privilege for us to have assisted WOOD & Company and Erste Group on this transaction, which was one of the very few primary ABBs on the Czech market in recent years and which also required the parties to deal with some specific features of the unique sale process set up.”